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  The La Estrella Property has returned exciting silver-gold intercepts from drilling since the company began its Phase I program in October 2007. Intercepts include 107 metres with 99.1 g/t AgEq (0.39 g/t Au, 77.7 g/t Ag), and 42.5 metres of 167.7 g/t AgEq (1.16 g/t Au, 104 g/t Ag) from two separate zones.
Mineralization is hosted within a complex system of structures, lithologic contacts, hydrothermal breccias, sulfide disseminations as well as sheeted and stockwork veining. The mineralizing system is a series of telescoping, multi-episodic events comprising a complex distribution of silver-gold with variable basemetal content including lead>copper>zinc as so far seen.
Host rocks include Permo-Triassic Mitu Formation andesitic volcanics, volcaniclastics and interbedded limestone with later Tertiary, dacite to quartz latite volcanic and subvolcanic rocks localized within a north to northeast trending graben. Geophysical evidence along with drillcore observation suggests that an important control to localizing ore grade mineralization may be the structural-lithologic break occurring along a sub-volcanic, felsic dome margin.
The company completed 3,825 metres of combined RC & Diamond Drilling in 21 holes from October 2007 to March 2008. Adding the diamond drilling from Bear Creek Mining in 2003, the property now has a total of 5,795 metres in 33 drill holes. All but 2 of these 32 drill holes have encountered significant gold and/or silver mineralization. Mineralization shows continuity in a west dipping tabular zone 500 x 400 x 80 metres where the weighted average grade is 51 g/t silver equivalent (AgEq) where Gold:Silver = 55. Within this large moderate grade body are high grade zones occurring along dike margins and descreet structures.
Ongoing systematic drilling is required to continue delineating this major scale silver-gold resource.
Reports
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