Mexico’s Best Drilling Intercepts, Fifth Week of March 2023

Two companies released drilling results from projects in Mexico this week.

GogGold Resources presented results from the Eagle and Main deposits at its Los Ricos South project in Jalisco. Mineralization straddles from epithermal Intermediate sulfidation to epithermal low sulfidation styles. “The purpose of the program is to better define the very high-grade portions of the current deposit that may be amenable to bulk underground mining. The Company is carrying out a trade-off study to better define what portion of the deposit could be mined in a lower strip ratio pit and what portion would best be mined in more selective bulk underground mining”.

Oroco Resource results are from the South Zone of the Santo Tomás porphyry copper deposit in northern Sinaloa. “Historical drilling, surface geological mapping, and the Dias Geo 3D Induced Polarization survey have defined near-surface mineralization projected to 400 m below the surface along 2,000 m of strike length in the South Zone. While the current drill program only partly tests the South Zone, the historical drilling and the 2022-2023 drill program conclusively define an NNW to NNE trending zone of faulting, Laramide-age intrusion, hydrothermal breccias and mineralization along the entire two-kilometer long corridor”.

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