Sun River Gold to begin drilling on Mexico Mines Tailings Deposit

9 April 2018 (Last Updated April 10th, 2018 09:24)

Sun River Gold (SRG) is set to commence a drilling programme on the Mexico Mines Tailings Deposit in El Oro in order to further test grade continuity at depth, as well as provide additional material to optimise ongoing metallurgical works.

Sun River Gold (SRG) is set to commence a drilling programme on the Mexico Mines Tailings Deposit in El Oro in order to further test grade continuity at depth, as well as provide additional material to optimise ongoing metallurgical works.

Mobilisation of the drill from the US to El Oro, Mexico, is already underway, and SRG is expected to begin drilling once the company receives the relevant approvals from Mexican authorities.

An auger drill is slated to be used to drill dry holes to a maximum depth of 18m-20m under the initiative.

"The company is planning to drill a total of 12 holes on the Mexico Mine tails with depths ranging from 9m to a maximum of 20m."

SRG will also employ a 3in auger to retrieve a sample of approximately 6.5kg-7kg per metre.

The company is planning to drill a total of 12 holes on the Mexico Mine tails with depths ranging from 9m to a maximum of 20m, totalling roughly 180m.

In addition, SRG, along with Candente Gold, will seek permission to drill some of the other three known tailings deposits in El Oro, where both companies hold a first right of refusal to re-process.

Candente Gold currently operates its flagship asset in El Oro, which is a district scale gold project that features a good, prolific, high-grade gold dominant silver epithermal vein system.

The project features 20 veins with past production and more than 57 veins in total, including two that have reportedly produced around 6.4 million ounces (oz) of gold and 74 million ounces of silver.

Candente Gold previously signed an agreement in March 2016 to grant the right and option to SRG to earn a 51% interest in the company’s tailings project in El Oro.