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Oceanus Resources Update on Caleigh Canon Combination and Protectora Veins at the El Tigre Property in Sonora in Mexico

Mining News - Published on Tue, 05 Nov 2019

Image Source: oceanusresources.ca
Oceanus Resources Corporation has received assay results of channel samples collected in September, 2019 from legacy underground exploration tunnels and from surface samples on the Caleigh Canon Combination, unmined portion of the El Tigre vein, Protectora and Aguila veins located north of the old El Tigre Mine in Sonora, Mexico. Mr Glenn Jessome, President and CEO of Oceanus, said "After delivering our maiden 43-101 compliant resource estimate our current ongoing program continues to explore our 28,414 hectare district scale El Tigre Property. These high-grade silver and gold results in the Caleigh, Canon Combination and Protectora Veins further our understanding of the mineralization north of the old El Tigre mine. The results from the mapping and sampling of the underground workings and at surface present a series of high priority drill targets over a 2 kilometer strike length north of the old El Tigre Mine, which we intend to drill."

In the Caleigh vein, approximately 2 kilometers north of the old El Tigre Mine, underground channel sample ETU-1007 returned 31.68 g/t gold equivalent consisting of 6.4 g/t gold and 1,896.3 g/t silver over a true width of 0.50 meters. Underground Channel Sample ETU-1006 returned 30.91 g/t gold equivalent consisting of 4.64 g/t gold and 1,970.7 g/t silver over a true width of 0.50 meters.

In the Canon Combination vein (unmined portion of the El Tigre vein) underground channel sample ETU-1012 returned 24.17 g/t gold equivalent consisting of 0.25 g/t gold and 1793.7 g/t silver across a true width of 0.50 meters.

In the Protectora vein, approximately 2 kilometers north of the old El Tigre Mine, underground channel sample ETU-1008 returned 7.05 g/t gold equivalent consisting of 2.01 g/t gold and 378.0 g/t silver across a true width of 0.50 meters.

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Posted By : Rabi Wangkhem on Tue, 05 Nov 2019
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