THE DRILL SERGEANT: Orinoco Gold (ASX: OGX) has expanded the Tinteiro IOCG project, located near the company’s high-grade Cascavel gold project in central Brazil.
Orinoco has completed rock chipping and mapping, which it says confirms the prospectivity of the project.
Tinteiro is part of Orinoco’s Faina Goldfields project and is located within 20 kilometres of Cascavel and the recently-acquired Sertão gold mine.
As part of the acquisition of the Sertão gold mine, Orinoco is also acquiring the Antena gold mine, where numerous soil samples were collected by previous explorers WMC and Troy Resources (ASX: TRY), which are currently being compiled.
High priority silver targets. Late faults mapped cutting both
the carbonate unit and the geophysical/geochemical/structural targets of
Tinteiro. Further drilling is required to delineate further mineralised
late faults in this zone. Source: Company announcement
In the meantime, recent geological mapping of gossan and breccia occurrences by Orinoco have shown the Antena mining lease may host additional extensions to Tinteiro.
Orinoco has also recently conducted mapping and detailed rock chip sampling over geophysical anomalies at Tinteiro, which it claims have highlighted two previously unknown mineralised trends.
This has increased the total strike length of the three coincident geophysical, structural and geochemical anomalies to more than seven kilometres.
The company also claims to have identified new high-priority areas it considers to have potential to host further thick high-grade silver mineralisation.
“As an exploration target, Tinteiro has just kept growing and keeps surprising us on the upside,” Orinoco Gold managing director Mark Papendieck said in the company’s announcement to the Australian Securities Exchange.
“And as an explorer, you couldn’t ask for a better target.
“These results have extended Tinteiro over more than seven kilometres of strike – not including possible extensions inside the Antena mining lease.
“We are particularly excited about the new discovery of the additional thick silver targets.
“Now we look forward to progressing exploration on this exciting opportunity over the coming months, with the next steps including drill testing various parts of the Tinteiro system.”