Resumen: Sulliden Gold Corp Ltd (BVL: SUE) anuncia resultados del proyecto North Corridor en su propiedad Shahuindo. Las nuevas excavaciones reportadas han ayudado a una mejora en la definición de la zona de exploración, la cual será sujeta a mayores excavaciones.
Sulliden further defines North Corridor target with additional positive drill results
May 17, 2012
TORONTO, May 17, 2012 /CNW/ - Sulliden Gold Corporation Ltd. ("Sulliden", or the "Company")(TSX: SUE) (OTCQX: SDDDF) (BVL: SUE) is pleased to announce further assay results from the North Corridor of its Shahuindo property in Peru (See property location map, Figure 1). The new intercepts reported in Table 1 and Figure 2 represent 1,527 metres of a total of 5,227 metres from 22 holes that have been completed in the North Corridor to date (previously reported intercepts are presented in Table 2). The initial drill program testing the North Corridor was successful in demonstrating the presence of near-surface oxide mineralization that is similar to the Central Corridor. Furthermore, the results have enabled the more accurate definition of the exploration target, which will be subject to further drilling. Highlights from the new intercepts obtained from the North Corridor target include:
- Hole SHN11-335: Intersection of 1.44 g/t gold and 26.2 g/t silver over 18.0 metres, including 3.19 g/t gold and 62.2 g/t silver over 6.0 metres
- Hole SHN11-329: Intersection of 1.19g/t gold and 33.5 g/t silver over 12.0 meters
"We are encouraged by the results obtained in the North Corridor to date and the new intercepts reported today continue to add confidence in the potential of this exploration target. The best gold and silver intersections we have encountered are located along North-West to South-East trending structures, including the results from holes SHN11-335 and SHN11-328 (0.85 g/t Au and 71.4 g/t Ag over 53.8 meters; see press release from January 4, 2012), which appear to have a close relationship with porphyry occurrences." said Stéphane Amireault, VP of Exploration for Sulliden. "With this information we will be able to identify exploration targets more accurately as we follow up on these positive results with further drilling."
North Corridor Geology
Results from the initial drill program in the North Corridor indicate that the mineralization is located within the structure of an overturned anticline and hosted in clastic sediments, more specifically in a sandstone package. As with the Central Corridor, a spatial relationship can be observed between the mineralization and porphyry bodies. Of noteworthy interest are the results from hole SHN11-335, drilled 250 metres west of the mapped intrusive, which intersected oxide mineralization in sediments at the lower and upper contact of a porphyry (see Figure 2).
Figure 1 - The Shahuindo property is located in a world-class mining district in northern Peru
Figure 2 - Plan View of Drill Hole Locations and Intercept Highlights in the North Corridor
Table 1 - New North Corridor Drill Results
Table 2 -Previously Reported North Corridor Drill Results
Quality Control and Assurance
Sulliden's exploration program is being managed by its Vice-President of Exploration, Stéphane Amireault, P.Eng., a Qualified Person within the meaning of National Instrument 43-101. Mr. Amireault has read and approved the technical and scientific information in this news release.
The analyses for this drilling campaign were carried out by
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