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CRESPO
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Key Facts
Location:
Chubut, Argentina
200 km SE of ESQUEL Commodities: Gold
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Comparable Properties
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Latest Information September 29, 2006 Reported drill results: - West veins: Seventeen reverse circulation (RC) holes were drilled for a total of 1,565 metres into a suite of sub parallel, gold, silver and base metals-mineralized quartz-carbonate veins, exposed along strike for about 800 metres.Individual quartz veins range up to 1 metre wide on surface. Assay results are sufficiently encouraging (16.18 g/t gold, 334.0 g/t silver and 5.22% zinc over individual 1 metre intersections) to carry out further drilling as and when the Chubut Government's recently imposed 'mining suspension' for this area is lifted. - Paleosurface Zone: Six RC holes were drilled for a total of 1,135 metres holes, 175 to 199 metres deep, designed to test this conceptual drill target and intersect veins or structure below the sub-horizontal silica cap. Assay results returned one value of 0.110g/t gold and numerous anomalous to high arsenic and antimony. - North veins - Eleven RC holes were drilled, for a total of 999 metres, into two separate suites of gold, silver and base metals-mineralized quartz-carbonate veins exposed along strike for about 1,200 metres. Assay results reported lower than those at surface outcrops indicating surface enrichment and were restricted to narrow intersections of 1 metre width. September 26, 2006 Reported drill results for the first 6 months of the year. Results of the drilling at Crespo, West Veins, are sufficiently encouraging (16.18 g/t gold, 334.0 g/t silver and 5.22% zinc over individual 1 metre intersections) to carry out further drilling as and when the Chubut Government's recently imposed 'mining suspension' for this area is lifted. July 4, 2006 Anounced that the the Provincial Government of Chubut in Argentina passed the following legislation on 29th June 2006 "To suspend for a term of THIRTY SIX (36) months the metal-bearing mining activity, with the exception of alluvial ore, in the area comprised between the Parallels 42 degrees and 44 degrees 30' Latitude South, the Meridian line 70 degrees 30' West Longitude and the international limit with Chile, in accordance with what has been established by Section 3 of the Provincial Consititution." This exclusion zone covers a number of Patagonia Gold's exploration properties including the Huemules project, Leleque and Nahuel Pan areas, and the Crespo Project. |
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