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Update From Trinidad Site
posted on
Aug 27, 2009 01:12PM
Taunus
Total diamond drill holes completed: 25(4,820m drilled to date) - click here to view drill hole location map
Hole 25:(completed depth 287m) - objective is: (i) to extend high-grade zone (>5 g/t gold) 50 metres west of the new discovery zone are (holes 12/15/16); (ii) to show continuity with the gold zone in diamond hole 19, and (iii) define high-grade shape as well a predictive geology model (predicted mineralized zone is down-hole from 150-220m).
Hole 26:(current depth 150m) - objective is to follow-up testing another high-grade target over 200 metres south of new discovery zone area in the vicinity of hole 20 which confirmed high-grade mineralization at depth in this area (target area is predicted at depth 170 metres below surface).
Hole 27:(current depth 37m) - objective is to extend high grade zone to the south of hole 19 and to define the shape and controls of the zone. Total planned depth is 325m.
Processing of geophysical test-lines over the new discovery zone area is ongoing, preliminary results are expected in two weeks.
Next drill press release will report assays for holes 23 to 25.
Trinidad District
Surface exploration ongoing at El Habal prospect (located 15 km west-northwest of Taunus) includes mapping and sampling in area that previously reported an RC drill hole interval (40 metres below surface) of 1.3 g/t gold over 261 metres (not NI-43-101 compliant); prioritizing drill targets.