Estrella Announces Drill Program at Colpayoc Gold Project
Published : June 14, 2011
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Keywords :   Chile | Copper | Gold | Gold Mine | Gold Producer | Market | Peru | Silver |

TORONTO, ONTARIO--(Marketwire - June 14, 2011) - Estrella Gold Corporation (News - Market indicators) ("Estrella" or the "Company") is pleased to announce the next phase of drilling at its Colpayoc gold project, located 12 kilometers southwest of the Yanacocha gold mine complex, in Peru. Yanacocha produced 1.5 million ounces of gold in 2010 and is the largest gold producer in South America. The Colpayoc property contains 5774 hectares (57.7 square kilometers) with gold and silver mineralization in three areas. Approximately 1,800 meters of core drilling in eight holes are planned at the Daylight Zone and the Cerro Rico Zone. Drilling is planned for early July.

The Daylight Zone has been the focus of most work at Colpayoc and contains oxidized, outcropping gold and copper mineralization hosted within a porphyry gold-copper system. The zone contains a 300 meter diameter area of outcropping gold mineralization, surrounded by sedimentary rocks. Based on previous drill results, SRK Consultants calculated an initial NI 43-101 compliant inferred resource (2010) containing 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold (0.3 g/t cutoff). The historic drilling and resource block model indicates that the gold zone is open at depth and in all directions with higher grade zones oriented northeast-southwest. Estrella completed three drill holes in late 2010, totaling 462.6 meters. Each drill hole intersected wide zones of gold mineralization, including values up to 100.7 meters @ 0.67 g/t Au (COL-02), confirming the potential to increase the gold resource. Infill and extension drilling is planned to expand the size of the gold resource. 

The first drilling is also planned at the Cerro Rico Zone, testing high grade silver and gold mineralization identified in recent trenching results. Estrella completed an initial trenching program in February, located less than two kilometers northwest of the Daylight Zone. Three trenches totaling 231.8 meters identified high grade silver and gold replacement style mineralization, hosted in fault zones within sedimentary and volcanic rocks. Trench sampling was restricted and drilling will help to determine the true width of these mineralized zones. Trench assays results include:

Trench CR-01: 8.0 meters @ 372.5 g/t silver with 3.9 g/t gold (74.0-82.0 m)
Trench CR-03: 5.8 meters @ 872.6 g/t silver with 0.7 g/t gold (37.8-43.6 m)
  including 1.8 meters @ 1,515 g/t silver and 0.8 g/t gold (41.8-43.6 m)

Reprocessing of available ground magnetic data indicated that both the Daylight Zone and the Cerro Rico Zone occur within a zone of possible alteration that covers a total diameter of more than 3,000 meters. *See attached magnetics map with drill holes and trench locations. Additional targets in this area may also be tested. Drilling was suspended in January following dissolution of the local administrative leadership, and expiration of surface access agreements. Estrella has recently obtained a long-term access agreement with the local community.

Keith Laskowski, Estrella's President commented "We are pleased that the Presidential election is completed in Perú, and especially to see the moderation in the President-elect's stated policies. We are also excited to drill test some of these new trench results at Cerro Rico, and to expand the Daylight Zone gold resource at Colpayoc. The property has a great deal of potential, and the next drill phase will help us to better understand the size of this large system. We are grateful to the local communities for their ongoing support." 

To view the magnetics map, please follow the link: http://media3.marketwire.com/docs/estfig1.pdf

About Estrella Gold Corporation (News - Market indicators) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 144,000 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory, and also making new gold discoveries. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (News - Market indicators). Further information is available at Estrella Gold's website: www.estrellagold.com.

STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
(800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
Data and Statistics for these countries : Chile | Peru | All
Gold and Silver Prices for these countries : Chile | Peru | All

Alianza Minerals Ltd

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Alianza Minerals is a gold exploration company based in Canada.

Alianza Minerals holds various exploration projects in Peru.

Its main exploration properties are CAOLPAYOC and PUCARANA in Peru.

Alianza Minerals is listed in Canada. Its market capitalisation is CA$ 1.3 millions as of today (US$ 1.1 millions, € 932 383).

Its stock quote reached its lowest recent point on March 20, 2020 at CA$ 0.03, and its highest recent level on January 08, 2021 at CA$ 0.25.

Alianza Minerals has 33 279 998 shares outstanding.

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Financings of Alianza Minerals Ltd
10/3/2012Estrella Gold Increases Private Placement to $1.1 Million
9/19/2012Estrella Gold Announces Private Placement
9/19/2012Announces Private Placement
7/20/2011Announces Closing of $4,030,000 Private Placement Financing ...
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Nominations of Alianza Minerals Ltd
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1/16/2013Appoints John R. Wilson President & CEO
10/3/2011Estrella Gold Appoints New CFO and Sets Up New Office
Project news of Alianza Minerals Ltd
9/13/2012Estrella Gold Announces Wide Zones of Gold and Silver Minera...
9/11/2012Estrella Gold Updates Pampa Poroma IOCG Project, Southern Pe...
6/12/2012Estrella Gold Corp. Announces Drilling at La Estrella Gold-S...
5/31/2012Estrella Gold Extends Colpayoc Gold Project Terms
2/6/2012Estrella Gold Announces Drill Program at Pampa Poroma Iron-O...
1/10/2012Estrella Signs Letter of Intent for its Estrella Gold-Silver...
4/25/2011(Pucarana)Announces Drill Program at Pucarana Gold Project, Peru
3/7/2011(Caolpayoc)Program Review and 2011 Exploration Plans
2/16/2011(Caolpayoc)Announces Trench Results from Second Mineralized Zone at the...
4/22/2010(Caolpayoc)NI 43-101 Technical Report on Resources
Corporate news of Alianza Minerals Ltd
7/6/2016Alianza Minerals Completes ISY Work Program In Peru
5/2/2016Alianza Minerals Appoints New Director
4/7/2016Alianza Minerals Closes Second Tranche of Financing
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4/21/2015Tarsis and Estrella Received Court Approval; Provide Update ...
4/20/2015IIROC Trading Halt - EST
3/10/2015Tarsis and Estrella Provide an Update on Alianza Transaction...
2/11/2015Tarsis Resources Ltd. and Estrella Gold Corporation to Form ...
12/23/2014Estrella Gold Closes $150,000 Financing
11/24/2014Estrella Gold Announces $200,000 Financing
5/16/2014Callinan Royalties and Estrella Gold Corporation Complete Fi...
5/15/2014Estrella Gold Closes Private Placement for $600,000
5/13/2014Estrella Gold Increases Private Placement to $600,000
5/7/2014Estrella $500,000 Financing Fully Subscribed
4/29/2014Estrella Appoints Jason Weber as President & CEO and Announc...
6/20/2013Partner to Continue Exploration Program at Henry Sur, Peru.
5/7/2013JV Partner Mines Management Reports Positive Exploration Res...
4/19/2013Terminates Colpayoc Agreements
10/29/2012Announces Results of Regional Exploration with Cliffs
10/11/2012Closes Private Placement for $1.1 Million
10/3/2012Increases Private Placement to $1.1 Million
9/13/2012Estrella Gold Announces Wide Zones of Gold and Silver Minera...
9/13/2012Announces Wide Zones of Gold and Silver Mineralization at La...
9/11/2012s Pampa Poroma IOCG Project, Southern Peru
5/4/2012Estrella Gold to be featured by BTV on National TV on May 5t...
2/7/2012Estrella Gold Files Colpayoc NI 43-101 Technical Report and ...
1/31/2012Estrella Gold Featured on CEO Clips and Updates Programs
12/30/2011Estrella Gold Staff Changes
6/30/2011Drills Colpayoc Gold Project, Peru
6/14/2011Announces Drill Program at Colpayoc Gold Project
4/28/2011Acquires New Exploration Targets in Peru
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