Mitchall Mines and Minerals Limited Expands Gold Potential at Arapiccos Project, Ecuador
Mitchall Mines and Minerals Limited provided an update on the ongoing exploration program at its Arapiccos project located at Morona-Santiago province, Ecuador.
Drill hole MML24-006: 4.7 metres grading 5.21 grams of gold per ton
Includes: 1.9 metres grading 8.99 grams of gold per ton and 3.6 metres grading 8.15 grams of gold per ton
Includes: 1.6 metres grading 13.10 grams of gold per ton and 2.6 metres grading 16.90 grams of gold per ton
Drill hole MML24-010: 3.1 metres grading 11.67 grams of gold per ton
Includes: 6.1 metres grading 14.89 grams of gold per ton
The 2024 winter drilling program was designed to target high potential areas along the 1-kilometre trend at the site and associated shear zones to improve confidence and expand known zones of mineralization, including the recently discovered second zone located 200 to 400 metres to the north, as well as mineralization in a parallel lower shear zone. Structural patterns suggest the potential for additional mineralized shoots along this major corridor.
The results from hole MMML24-023 drilled in the new zone to the north confirm previous results of intersected multiple mineralized shears and may indicate an extension of the zone. Two areas of mineralization were also intersected which will require further testing. Infill drilling has positively demonstrated continuity of the very high-grade nature of this lens where tested. Further results from this drilling program are pending and will be assessed when they are received, validated and compiled.
Mr. Max Walmsley, Co-Founder and CEO for Mitchall Mines and Minerals Limited stated: "Assays from this winter drilling program continue to return encouraging results, including those from a new zone along the main hosting structure, as well as from a lower parallel shear zone. The potential for the discovery of additional mineralized shoots is considered extremely favorable."
"Once the remaining assay results are in hand, they will be assessed and may lead to an estimation of an initial mineral resource by year-end. Further drilling will be required to evaluate the potential of the new mineralized areas, the timing of which will be dependent on ground conditions to allow the access of drilling equipment," Mr. Max Walmsley added.
