Banner


Mexico Exploration Update: Identifies Mineralized Systems on Two Projects, Airborne Magnetic and Radiometric Survey Planned PDF Print E-mail
Thursday, 17 February 2011 06:39

Serengeti Resources Inc. has released sampling results from an initial field program completed on seven mineral properties located within the states of Chihuahua and Durango, Mexico. 

To date Serengeti has acquired title to seven mineral properties totaling 70,762 hectares in the highly prospective Altiplano gold-silver belt of central Mexico. A 2,500 line kilometer airborne magnetic and radiometric survey is currently being planned for seven of Serengeti's properties, including the Cristobal, Victoria, and Los Cuates blocks.

Victoria

Within the 10,983 Ha Victoria Project located in Chihuahua State, Serengeti confirmed the presence of a significant gold-silver-arsenic system. Surface trenching consisted of a series of chip samples collected across a strongly altered silica rib, assayed 0.32 g/t Au, 1.9 g/t Ag, and 4900 ppm As over 23.5 m. Along strike of the silica rib, 300 meters to the south, Serengeti collected 21 surface grab samples averaging 1.3 g/t Au, 4.4 g/t Ag, and >10,000 ppm As with a high of 2.7 g/t Au. The samples were collected along a steeply dipping, northwest trending silica rib that has a known strike length of 700 m with an interpreted true width of 15 to 30 m. Two historical drill holes completed in the southern portion of the target intersected strongly altered Caracol Formation siltstones with local quartz-calcite vein breccias and included a 4.7 m section grading 1.2 g/t Au. Serengeti geologists believe that the outcropping mineral system at Victoria potentially represents the partially exposed portion of a significant epithermal system located under cover along strike or at depth.

Los Cuates

At the Los Cuates Project located in Chihuahua State, Serengeti samples returned up to 6.1 g/t Au and 28.5 g/t Ag in outcrop within the property. This grab sample was taken across a series of steeply dipping sheeted quartz veins occurring within a prominent east-west trending structure mapped over 1.4 km in length. Sampling has also confirmed the presence of strongly anomalous gold, silver, antimony and arsenic mineralization at several other locations including from numerous small mine workings found throughout the Los Cuates project area. The technical team has defined a 2000 m x 500 m epithermal gold-silver target area in the western portion of the project area associated with the prominent east-west structure and pervasively altered and oxidized sedimentary host lithologies.

Cristobal

The Cristobal Project covers 31,550 hectares and is located 15 kilometres southwest of Levon Resources' and Valley High Ventures' Cordero-Sanson Au-Ag-Pb-Zn project, where Levon and Valley High are completing a 55,000-metre drill program. Serengeti's Cristobal project is located SW on strike along a major northeast-southwest lineament that hosts the Cordero-Sanson project. Field crews at Cristobal have been successful in mapping prospective host rock lithologies along this vital NE-SW structure. The company plans further ground follow up including an extensive biogeochemical sampling program, similar to a highly prospective test program completed at Victoria.

David Moore, President and CEO of Serengeti stated: "The identification of outcropping mineralized systems at Los Cuates and Victoria is an exciting development in Serengeti's Mexico exploration effort. Both project sites are underexplored and each represents excellent potential to host a bulk tonnage epithermal Au-Ag deposit. In addition, we are excited to follow up on the highly permissive target areas identified at the Cristobal and Rodeo projects."

Bookmark this page!
Ask.com del.icio.us Digg.com Facebook folkd.com Google Hao Hao Report Netscape StumbleUpon Technorati Webnews Mister Wong Yahoo

 



Stay informed, receive our monthly newsletter!

We have 408 guests online

Mining Reporter Portal - The International Journal for Mining, Tunnelling, Equipment and Technology - Made in Germany
EnergyCareer.Net – Das Karriereportal der Energiewirtschaft: Aktuelle Stellenangebote, Karriere-News, Branchenverzeichnis, Bildungsangebote
Spezialmaschinen und Komponenten fuer Anwendungen im Berg- und Tunnelbau
LHD-Loader PFL - payloads 1,5 t - 5,5 t  - optimum solution mining tunnelling
http://www.bucyrus.com
http://www.indurad.com
International,Geothermie-Konferenz,2012,Freiburg,Home,Workshop,Short,Course,Kongress,Konzerthaus,Mai,Opening,Lounge,Business,Impressionen
http://www.akersolutions.com/wirth
http://www.cft-gmbh.de
MEYCO Global Underground Construction - part of BASF Construction Chemicals
http://www.preinfalk.de
http://www.hese.de
http://www.dh-shaftsinking.com
http://www.exguide.de
http://www.kirchgaesser.de
DEBRIV, Bundesverband Braunkohle,
A world-leading provider of equipment and services for the mining and construction industries. The product range includes rock tools, breakers and demolition tools, drilling, loading and hauling, crus
Self-propelled working platform and standard telescopic-swivel loader combined in one machine
Hauhinco Maschinenfabrik machine works, engineering works, pumps, high-pressure pumps, plunger pumps, water hydraulics, water-hydraulics, extruding machine, hydraulic extruder, pumps for mining, pumps
vge-strata-control-in-in-seam-roadways german deep coal mining expertise
Cool Air and a Fresh Breeze in Mining and Tunnelling - We care for You - Herco-gmbh.com
tunnel construction boring machine tunnelling  shaft sinking machines drilling horizontal mechanized Schwanau traffic
Tools for drilling and rockbolting Drill bits Drill rods Drill shanks Drag bits Sleeves and adapters
Thyssen Schachtbau GmbH
gta, maschinensysteme, tunnelling, mining, roadheading, galleries, driving, support setting, transport, monorail, racks, drilling, bolting
www.used-crushers.de www.crushers.de ENDERS Crushers + Screens Crushers Jaw crusher single- double-toggle Roller crusher Impact crusher Hammer crusher Cone crusher Ball Tube mill
WOELKE - Monitoring and measuring devices for coal mines (ventilation/concentration sensor, transmitter, monitor, alarm) - Mining Security Made in Germany
Universa 50 versatile carrier vehicle payloads up to 15 tons
http://www.dmt.de
VGE Verlag GmbH - Montebruchstraße 2, D-45219 Essen - Germany - Tel. + 49 (0) 20 54 / 924-0 - Fax + 49 (0) 20 54 / 924-109 - E-Mail: info@vge.de
Layout / Technische Umsetzung: www.denkbetrieb.de - Ihre Full Service Werbeagentur im Ruhrgebiet koordination und abwicklung: moduscom unternehmenkommunikation manfred könig