Santa Barbara Resources receives drilling permit for Peruvian project

5 October 2011 (Last Updated October 5th, 2011 18:30)

Santa Barbara Resources has received a drilling permit for its Sancos project in the Ayacucho Region of Peru.

Santa Barbara Resources has received a drilling permit for its Sancos project in the Ayacucho Region of Peru.

The Peruvian Ministry of Energy and Mines has granted a permit for construction of up to 300 individual drill platforms and access roads for a period of 46 months.

The permitted drill platforms cover the target areas of Sancos West, Sancos Central and a large target area to the north-east of Sancos Central.

Santa Barbara will develop a drill plan for its next programme in the coming weeks.

Santa Barbara Resources' president Chirstoph Lassl said that the ongoing interpretation of the recently completed geophysical survey will provide targets for the next drill programme.

The company expects to encounter high-grade gold mineralisation in feeder zones of the large high-sulphidation epithermal system present at Sancos in the next drill programme.