Hemis Corporation (HMSO.OB) reported the first drill results from its El Tigre gold exploration project in eastern Sonora, Mexico. The project is currently undergoing an initial phase of diamond drilling.
The initial drill holes have been on its El Tigre breccia zone where surface sampling had revealed promising gold values over a broad area.
Hole ELT-001 was drilled at an angle of -60 degrees. It cut a zone of silicified breccia containing pyrite from the surface to 85 meters. For the interval from 42 to 70 meters the samples averaged 0.758 gr/T of gold. Because the geometry of the El Tigre breccia zone remains poorly constrained, it is uncertain if this 28 meter interval represents a true width.
Dr. Douglas Oliver, the chief geologist for Hemis Corporation, commented on the significance of the results, “Obviously, we are pleased. We have always been impressed with the potential of this project. To hit potentially ore-grade mineralization in the first hole exceeds our expectations.”
In addition to the gold mineralization, molybdenum was encountered in a tourmaline granite. The interval from 16 to 32 meters averaged 0.033% Mo.
“This is quite surprising as we did not expect to see molybdenum at such a shallow depth,” Dr. Oliver stated. “We knew there was potential for a moly porphyry at El Tigre but we didn’t expect to find mineralization at such a shallow depth.”
An initial program of five core holes has been completed on the El Tigre breccia. The drill is currently on the Main Pit breccia and will move to the Eastern High Breccia before starting a deep hole on the La Centela concession to test for a buried molybdenum porphyry system at El Tigre.
Samples of the El Tigre drill core are being assayed at the ALS Chemex lab in Hermosillo, Mexico. Hemis expects the results of additional holes to be received on a weekly basis going forward.
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