Minera Alamos Delineates New Gold Bearing System at La Fortuna Gold Project
December 07, 2017 --
TORONTO, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Minera Alamos Inc. (TSX-V:MAI) (the "Company" or "Minera Alamos") is pleased to provide an update in advance of the first phase of exploration drilling planned at the La Fortuna gold project (the “Project”) in Durango, Mexico. During the compilation of historic information for the extended project area, drill holes and associated data were discovered for an area approximately 1300m southwest of the Company’s La Fortuna Main Zone resource. The shallow historic drill holes provided indications of significant near surface disseminated gold/silver mineralization with “heap leach style” intervals of up to 50m in width1. Rock sampling in recent months surrounding the new target zone has returned assays up to 8 g/t Au and 30 g/t Ag over a mineralized area of approximately 500m x 300m.
New Discovery – “La Pista”
“This new discovery area now named La Pista was an unexpected and exciting result of the recent work the Company’s exploration team undertook at the La Fortuna project,” said Miguel Cardona, Vice President of Exploration for Minera Alamos. “The La Pista zone is located in an area of quartz monzanite breccias with the strong presence of tourmaline and quartz stockwork veining reminiscent of the structures that contain the existing La Fortuna Main Zone resource. The discovery of a new and potentially significant additional area of gold and silver mineralization in addition to the known areas of historic mining confirms our belief that the La Fortuna project area was the focus of intense regional hydrothermal activity. All of the areas targeted for Phase 1 drilling at the start of 2018 show significant potential to host new mineralized resources and none of them have been subjected to any modern exploration or drilling activity."
Led by Robelsis Altamirano since August of this year, the Company’s La Fortuna exploration team have been based at site and working to compile historic project information while completing new surface mapping and rock sampling around prospective target areas. The first phase of new exploration drilling is planned for early 2018 and will focus on extensions to the current La Fortuna Main Zone resource in addition the highly prospective PN area and the recently discovered La Pista area. The PN target area is one of four historic mining areas within the La Fortuna project boundaries. Recent sampling has provided encouraging initial assay results and full assays are expected to be available in the coming weeks. PN area results to date have identified gold/silver mineralization at surface across an overall area of approximately 1800m x 1200m that includes a number of recorded historic mining zones - El Refugio, La Guadalupe, Magistral, Santa Fe, Plomosa and La Republicana.
The Company’s current exploration program was initiated in the fall of 2017 and was focused initially at compiling available data relating to the historic mining/prospecting activities in the vicinity of the La Fortuna Project area. This was followed by surface mapping and sampling of the priority target areas in preparation for a Phase 1 exploration drilling program early in 2018. In addition to the existing La Fortuna Main Zone resource the extended claim area contains a number of other prospective target areas including:
- Mineralization evident at surface to the north and also approximately 400-500m to the south along strike from the La Fortuna Main Zone resource.