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ESCORPION
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Key Facts
Location:
Chile
318 km North of SANTIAGO Commodities: Gold
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Comparable Properties
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Latest Information  June 29, 2005 Geocom Resources has announced the results of gold assays from the first four core holes at the Escorpion Project, Region 4 of the Coquimbo District, Chile. Four holes were completed on the Chululera zone, three holes on the Amax zone, and two holes were drilled halfway between the known showings, for a total of 512 m. Assay results from drilling at the Amax zone are pending. The first two holes at Chululera were located south of the surface outcrop of the mineralized zone. Hole ES-01 encountered 7.8 m that assayed 0.94 g/t Au, including 1.98 g/t over 1.5 m. Hole ES-02, located southwest of ES-01, and intersected 10.8 m of the mineralized unit averaging 2.03 g/t Au including 7.34 g/t Au over 1.7 m. Drill holes ES-05 and ES-06 located to the northeast of ES-01 did not encounter the Chululera zone due to faulting. Drill holes ES-03 and ES-04 were collared approximately halfway between the Chululera and the Amax showings. A weakly mineralized exhalite or very fine grained tuff was intersected over a 6 m interval in ES-03 which assayed 0.1g/t Au. The drill results confirm the mineralized zone to be tabular and lies in a sub horizontal position and the zone occurs at shallow depths. Additional drilling at Chululera will target the continuation of the mineralized crystal tuff to the south and southwest, as it appears to be thickening and increasing in grade in that direction. June 29, 2005 Announced the results of gold assays from the first four core holes. Four holes were completed on the Chululera zone, three holes on the Amax zone, and two holes were drilled halfway between the known showings, for a total of 512 m. Assay results from drilling at the Amax zone are pending. The first two holes at Chululera were located south of the surface outcrop of the mineralized zone. Hole ES-01 encountered 7.8 m that assayed 0.94 g/t Au, including 1.98 g/t over 1.5 m. Hole ES-02, located southwest of ES-01, and intersected 10.8 m of the mineralized unit averaging 2.03 g/t Au including 7.34 g/t Au over 1.7 m. Drill holes ES-05 and ES-06 located to the northeast of ES-01 did not encounter the Chululera zone due to faulting. Drill holes ES-03 and ES-04 were collared approximately halfway between the Chululera and the Amax showings. A weakly mineralized exhalite or very fine grained tuff was intersected over a 6 m interval in ES-03 which assayed 0.1g/t Au. The drill results confirm the mineralized zone to be tabular and lies in a sub horizontal position and the zone occurs at shallow depths. Additional drilling at Chululera will target the continuation of the mineralized crystal tuff to the south and southwest, as it appears to be thickening and increasing in grade in that direction. June 14, 2005 Drilling has commenced in the Region 4 of Coquimbo, Chile. Drilling will test the ore potential of two zones: the Chulera and Amax. The newly discovered Crystal and Crystal South zones will be tested in a follow-up drill program. Four holes have been completed at the Chululera zone, where previous mining activity exposed a silicified and mineralized stockwork zone, all holes intercepted mineralization. Hole ES-01 encountered silica stockwork from 9-17 m. Hole ES-02 encountered 6 m of silica stockwork from 7-13 m and hole ES-05 intersected silica stockwork from 4-9 m. Hole ES-06 was drilled as an angle hole from the same location as drill hole 5 and also intersected the silica stockwork.Drill holes ES-03 and ES-04 were located approximately halfway between the Chululera zone and the Amax Zone, as a test of continuity. Hole ES-03 intersected fine-grained disseminated and stringer-controlled sulfide mineralization from 28-34 m. Hole ES-04 intersected the same zone from 24-30 m. Core from all of the drill holes contains very-fine-grained sulfides, including pyrite, arsenopyrite, limonite and sericite. The weighted average of 12 rock chip samples from the Chululera zone graded 4.81 g/t Au. |
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