A third round of drilling on the Choco-6 gold property in Venezuela has intercepted high-grade gold mineralization for Vancouver-based junior Consolidated Gold Vessel (VSE).
Six holes were drilled on the Cerro Azul anomaly, all of which encountered mineralization.
Hole 9401 returned 81 ft. grading 0.16 oz. per ton; 9404 returned 26 ft. at 0.28 oz.; and 9406 returned 30 ft. at 0.1 oz. Additional work is required to determine the perimeters of the new structure.
Past drilling concentrated on the saprolite zone and rarely penetrated into the bedrock. More drilling is planned to test the bedrock potential of the Cerro Azul anomaly.
Reserves are currently estimated at 6.3 million tons grading 0.058 oz. per ton, although this figure stands to change with coming results. A prefeasibilty study is also on the agenda.
At the moment, Consolidated Gold is negotiating with joint-venture partner Prominsur to acquire its half interest in the property, situated in the district of El Callao.
Be the first to comment on "Gold Vessel cuts high grade"