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October 15, 2007
The recently completed phase 1 drill program intersected a number of silver-gold-bearing vein systems. Highlights include a 1.00-metre section of the Muralla system which returned 3.01 g/t gold and 566 g/t silver as part of a 9.60-metre interval of strong alteration and veining (hole YO-07-03).
June 29, 2007
A technical report dated Jun 28/07 was released and provides a summary of scientific and technical data on the property. It concluded that the property represents a high quality, early stage exploration project for Epithermal Au-Ag deposits and recommends that future exploration programs should be aggressively pursued and should include a) drill testing of selected targets along the San Francisco and La Pertenencia vein structures and b) continued “early-stage” evaluation of the Yoquivo Property, including opportunities to develop epithermal style mineralization, with the aim of generating additional drill targets and zones worthy of advanced exploration.
June 12, 2007
Initial drill testing of the Yoquivo project has intersected multiple zones of silver-gold mineralization. Hole Y07-01 targeting the El Gambusino vein returned 289 g/t silver and 2.18 g/t gold over a 70-centimetre width at a vertical depth of approximately 32 metres. In addition, geological mapping has identified two new gold-silver mineralized structures. The El Indio vein-breccia system is located 250 metres east of, and parallel to, the historic San Francisco mine trend. Eight grab samples collected over 270 metres along the strike of this vein-breccia system returned values ranging from 0.544 to 33.50 g/t gold and 39.1 to 3,230 g/t silver. The Lucero occurrence is located 350 metres west of the westernmost mineralized trend previously identified on the property. Three grab samples collected from historic workings on this structure returned an average grade of 10.63 g/t gold and 169.6 g/t silver.