Farallon Mining Ltd. recently announced new high grade gold zones outside the current mineral resource at the G-9 Mine at the Company’s Campo Morado property in Guerrero State, Mexico.
High grade precious metal intercepts at G-9 have been reported in various news releases over the years, most recently in the Company’s December 16, 2009 news release in which an intersection of 13 metres of 20 grams of gold was announced. Since that time, the Company has been actively investigating the geological continuity and stratigraphic location of these intercepts, particularly since underground drilling became a component of the ongoing exploration program at G-9. Farallon commented that it is now apparent that there is a definite geological and stratigraphical correlation to the high grade gold and silver intercepts.
Dick Whittington President and CEO of Farallon, said: “This is an exciting new development for the Company as it shows that the G-9 mine and the Campo Morado District have the potential for high grade precious metal resources as well as the current high grade zinc resources upon which the G-9 mine was built. These resources are incremental to our recently announced mineral resources, and though small in tonnes, are high in precious metals content. Our challenge now is to find more of these high value resources and to define a metallurgical program to maximize their recovery.”
Located to the west of and adjacent to Newstrike Capital Inc.’s Aurea Norte Project in Guerrero State, Mexico, the G-9 mine is a 1,500 tonnes per day, underground, zinc mine with important by-product credits of copper, gold, silver, and lead.
Source: Farallon Mining Ltd.