LATIN AMERICA — Guyanor and Asarco start drill program in Guyana

Partners Guyanor Ressources (GRL.B-T) and Asarco (AR-N) have begun core drilling at the Dieu-Merci property in northern Guyana.

The companies, which have signed a 4-year option deal to earn a full interest in the 155-sq.-km property, completed assays on 18 shallow core holes drilled by previous owners. Each of the holes bottomed in saprolite, and results indicate that mineralization continues at depth.

The joint venture, which began drilling in mid-March, has completed 10 holes at the Kerouani target. The drilling tested gold-bearing quartz veins along a strike length of 350 metres. Results are pending.

Another eight holes will test the Virgile prospect along a strike length of 400 metres.

The recent drilling was designed to test high-grade zones located by trenching. In addition, some 900 shallow auger holes, about 2 to 8 metres in depth, have been sunk in the Kerouani area.

Recently, the partners drilled 10 holes at the Chemin de Fer prospect, several kilometres to the north, in which they also share equal interests.

That program confirmed quartz vein-related mineralization to a depth of 120 metres and over a strike length of 1,200 metres. Results from that round of core drilling are pending.