Cade 1 Anomaly
The Cade 1 anomaly is located 850 metres northwest from the El Gallo anomaly.
Significant results have been reported from a rock chip sampling program at Cade 1 including:
7 metres averaging 9.8 grams per tonne gold, 409 grams per tonne silver and over 1 per cent zinc.
Mineralization at Cade 1 is hosted in a hydrothermal breccia that hosts argillic clasts within a silica and polysulphide matrix (silver mineralization with pyrite, sphalerite and galena).
Channel sampling covered a width over approximately 12 metres with a total of eight samples at one-metre spacing. Within the mineralized zone, samples ranged from 0.06 g/t to 12.65 g/t gold and 0.5 g/t to 507 g/t silver. The total width of the structure is unknown since the structure is cut by a river.
We believe we may have sampled only a small portion of the mineralized and brecciated structure at Cade 1 as there is significant surficial cover within the area. To date the defined structure has not been observed but we consider it could be the northern extension of the El Gallo anomaly. We will test the extent and depth of this structure during our phase 1 drill program.