お知らせ • Oct 24
Centenario Gold Corp. Plans to Begin the Second Phase Drill Program Early in 2025
Centenario Gold Corp. is planning to begin the second phase drill program early in 2025. The geological information obtained from the first phase drilling program completed in February of 2024, has greatly improved its understanding of the mineralized systems found on the Eden property. The lithological, mineralogical, alteration and structural characteristics and zoning patterns observed in the drill core represent an additional, and important, component to the evolving geological model that was based on previous exploration work. The Centenario geological team has processed this new information and outlined several new targets to drill-test across the Eden property. The northern, 1.5 km long, structurally-controlled extension, and the upper and deeper portions of the Buenavista epithermal system have yet to be tested. There are other important drilling targets along the other sub-parallel mineralized structures, such as the La Provedora prospect, located 1.5 km east of Buenavista, which are contemplated to be drill tested. During the first phase of drilling, the holes were concentrated along a 400m long section of the Buenavista Corridor, testing a portion of the down east dipping extension of the N-NE trending structure. The style of mineralization at Eden, like at Prime Mining's Los Reyes project, consists of discrete lenses of high-grade mineralization concentrated sporadically along the length of the epithermal structure. The location and orientation of the drill holes at Buenavista were such that the upper and deeper portions of the mineralized system were not tested. The upper 100 meter portion of the Buenavista structure extends directly down-dip from where the high grade Au and Ag surface sample as high as 239.9 g/t Au and 1390 g/t Ag were obtained. The drilling that was completed did not test the upper 100m of the Buenavista structure. The deeper portion of the Buenavista system, greater than 250 m down-dip from the surface exposure, also remains untested. The presence of low temperature quartz textures and alteration minerals in the drill hole intersections, as deep as 250 meters, indicate that the company is still in the upper level of the epithermal system and that zones of mineralization probably occur further down at depth. The northern extension of the Buenavista structure, especially at the La Tramposa zone, located 1.4 km noth-northeast of the Buenavista old mining area, expands to widths greater than 200 meters. The mineralization occurs in a system of narrow, closely-spaced, quartz veinlets with abundant low- temperature alteration minerals. Two rock chip samples, 2 meters in width, that were collected at the La Tramposa zone, returned grades of 1.3 g/t Au and 1.7 g/t Au g/t. Company geologists have planned additional drill holes across this zone. Other specific, more conceptual drill targets, supported by the interpretation and/or correlation of the geophysical and soil geochemistry data, have also been identified. The geophysicist who wrote the IP/Resistivity geophysical survey report on the work program completed at Buenavista and La Provedora in 2021, recommended a set of 9 drill hole targets. The Company is also planning to drill the La Provedora prospect which is located 1.5 km east of the La Paloma prospect at the southern end of the Buenavista Corridor. The sub-parallel mineralized structure has the same strike and dip orientation as Buenavista. Although very little of the mineralized structure outcrops at surface, there are extensive underground mine workings which are currently inaccessible due to the toxic accumulation of bat excrement. Based on comments from local miners that used to work at the La Provedora mine in the 1980's, the vein material that was taken out was rarely below 100 g/t Au, and 2 kilos Ag. The only information available on La Provedora is a hand-drawn sketch from the 1990's, that shows the extent of the mine workings and the different access points. The geophysical survey completed over the La Provedora prospect confirms the existence of the structure and highlights the same type of anomalies that were identified along the Buenavista Corridor. .