Oro Verde samples high-grade gold at Topacio
THE DRILL SERGEANT: Oro Verde (ASX: OVL) announced it has encountered additional areas of high-grade gold from a reconnaissance sampling program underway at the company’s Topacio gold project in southeastern Nicaragua.
The company said its recent reconnaissance covered multiple veins located outside of the Topacio resource area:
Including the West Mico, Gallina, Chicago and Celedonio veins and the Buena Vista area.
Rock chip and old stockpile samples taken at the Mico/Gallina/Chicago veins to the northwest of the Topacio resource area return important high grade gold results, including:
West Mico samples: 23.9 grams per tonne gold, 21.4g/t gold and 10.8g/t gold.
Gallina samples: 6.49g/t gold and 3.57g/t gold.
Chicago samples: 7.98g/t gold.
Oro Verde claimed follow up sampling from a new target area at Buena Vista had confirmed and extended gold mineralisation in a potentially new system, including: 3.35g/t gold and 1.48g/t gold.
“Our reconnaissance sampling campaigns continue to confirm undrilled gold mineralisation outside the known resource area,” Oro Verde managing director Trevor Woolfe said in the company’s announcement to the Australian Securities Exchange.
“The northwest region looks very prospective, while follow up on the recently announced Buena Vista mineralisation, six kilometres to the northeast of Topacio, confirmed our earlier anomalous gold results.”
Oro Verde has taken sampling from old workings, outcrops and road cuts to the northwest, which it said contained high-grade gold values (including 23.9g/t), with the highest coming from the West Mico vein dumps and a 2.2 metre channel sample along a road cut.
The company considers these results to have confirmed the western extension of the Mico vein can produce consistent high-gold grades.
Oro Verdes said it had been encouraged by the results from the Gallina and Chicago veins, saying these provide further evidence of the potential to increase the current resource in the northwestern section.
Oro Verde recently announced gold mineralisation six kilometres northeast of the Topacio resource area at the Buena Vista prospect, where an initial rock chip sample returned a gold grade of 2.97g/t in surface sub-crop.
A repeat sample was collected from the same subcrop in this latest program, returning a 3.35g/t gold, which Oro Verde considers to have confirmed the presence of mineralisation.
Website: www.oroverde.com.au