Estrella Announces Trench Results from Second Mineralized Zone at the Colpayoc Gold Project, Yanacocha District, Peru
Published : February 16, 2011

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Chile | Gold | Gold Mine | Manganese | Market | Peru | Silica | Silver |

TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - Estrella Gold Corporation (News - Market indication) ("Estrella" or the "Company") is pleased to announce exciting gold and silver trench sample results from the Cerro Rico Zone at the Colpayoc Gold Project in Peru. Colpayoc is located 12 kilometers southwest of the Yanacocha Gold Mine. The Cerro Rico Gold-Silver Zone is located 2.0 kilometers northwest of the Daylight Gold Zone, where the Company has a small NI-43-101 compliant gold resource and recently announced successful drilling results. The Company has received assay results of continuous chip channel samples from three trenches, totaling 231.8 meters. The trenches are located over a distance of 260 meters, with two trenches (CR 01 and 02) located 58 meters apart and the third trench CR 03 located 220 meters to the southeast. The hand-dug trenches were excavated in an area containing historic manganese prospect pits which also contains high grade silver mineralization as reported previously. The trenches exhibit northwest trending fault zones occurring within and between limestone sedimentary rocks, felsic volcanic rocks, and irregular felsic intrusive rocks, all of interpreted Cretaceous age. Trenches encountered 147.4 meters of bedrock, with the remainder containing locally derived alluvial material. All mineralization is oxidized. The Cerro Rico Zone occurs at the northwest margin of a magnetic geophysical anomaly that is approximately 3.0 kilometers in diameter and also hosts the Daylight Gold Zone. Trench results include the following significant bedrock assay results which are also shown on the attached map:

Trench   Total Length (m)   Azimuth   From (m)   To (m)   Interval (m)   Silver g/t (Ag)   Gold g/t (Au)
CR-01   109.5   030   74.0   82.0   8.0   372.5 g/t   3.9 g/t
        including   80.0   82.0   2.0   675.0 g/t   6.5 g/t
            90.0   95.5   5.5   7.8 g/t   2.1 g/t
                             
CR-03   60.8   100   2.3   6.6   3.8   84.6 g/t   0.9 g/t
            19.9   24.7   4.8   420.3 g/t   0.2 g/t
            37.8   43.6   5.8   872.6 g/t   0.7 g/t
        Including   41.8   43.6   1.8   1,515 g/t   0.8 g/t

Trench CR-01 contains significant gold and silver mineralization that occurs as silica-manganese replacement style mineralization hosted within silicified, brecciated limestones. The mineralized zone remains open to the north. The mineralized zone from 90.0 – 95.5 contains 2.1 g/t gold and is adjacent to locally derived alluvial material which assays 2.9 g/t Au from 95.5 – 109.5 meters (14.0 meters). This zone of alluvial material is likely derived from adjacent bedrock, however it is not bedrock, senso stricto. The mineralized zone may be more than 22 meters wide. The southern end of the trench also contains anomalous gold mineralization that ranges from 0.17 – 0.26 g/t gold.

Trench CR-02 contains a broad zone of elevated gold and silver mineralization extending from 1.0 – 57.5 meters, containing gold values in the range of 0.02 – 0.64 g/t and silver values up to 13.3 g/t. The trench contains elevated gold mineralization from 45.5 – 49.5, including 2 meters @ 0.64 g/t gold adjacent to alluvial material which covers the bedrock. The zone remains open to the south. 

Trench CR-03 contains multiple spectacular silver values that also occur as silica-manganese replacement style mineralization. Several zones of near-source alluvial material are also present in this trench, including the zone from 31.4 – 33.8 meters, which assayed 2.4 meters @ 84.4 g/t silver and 0.6 g/t gold. 

Keith Laskowski, President of Estrella commented: "These early stage results are extremely encouraging for several reasons. First, the width and grade of the mineralization is substantial and establishes the Cerro Rico Zone as an independent silver and gold target. Second, these trenches failed to reach bedrock in several areas, and the presence of mineralized alluvial material suggests there is good potential that the mineralized zones are wider than identified here. Third, the Cerro Rico Zone is located only 2.0 kilometers from the Daylight Gold Zone, suggesting there is potential for additional mineralization between these areas. Finally, these results support our interpretation that the Colpayoc Gold Project may contain another major deposit in the Yanacocha District." Additional trenching and geological programs are planned, prior to drilling, as the mineralized zones are open to the northwest and southeast along strike, to the south in trench CR-02 and to the north in trench CR-01.

QA/QC: Assay results identify those mineralized intervals that contain a minimum continuous width of 2.4 meters with a minimum of 0.3 g/t gold (Au) or 100 g/t silver (Ag). Only one internal or adjacent interval of dilution is allowed. Trench samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ALS Chemex Labs (ISO 9001:2000 accredited) in Lima Peru for analysis. Gold was analyzed by fire assay with an AAS finish and multi-element analyses were determined with aqua regia digestion and ICP MS/AAS techniques. Silver assays were conducted with ICP MS/AAS and values above 100 g/t were re-analysed with an AAS finish. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.

About Estrella Gold Corporation (News - Market indication) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. 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. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (News - Market indication). 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.

To view the maps included with this release, please visit the following link: http://media3.marketwire.com/docs/est216maps.pdf

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.

For more information, please contact

Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
Direct Tel: (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 or Toll-free: (866) 580-8991
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

EXPLORATION STAGE
CODE : ANZ.V
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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 ...
6/20/2011Proposed Private Placement Financing
Nominations of Alianza Minerals Ltd
1/16/2013Appoints John R. Wilson President & CEO
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
12/15/2015Alianza Minerals Announces New Partner for Yanac Copper Join...
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (ANZ.V)
0.040+0.00%
TSX-V
CA$ 0.040
09/30 13:45 -
0%
Prev close Open
0.040 0.040
Low High
0.040 0.040
Year l/h YTD var.
0.035 -  0.085 -50.00%
52 week l/h 52 week var.
0.035 -  0.095 -42.86%
Volume 1 month var.
10,000 -27.27%
24hGold TrendPower© : 40
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.09+1.00%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.26+4.15%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+1.93%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.43-0.41%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.98+0.14%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.30-3.28%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.22+1.37%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 60.13-1.38%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :