Estrella Gold Announces Wide Zones of Gold and Silver Mineralization at La Estrella Project, Central Peru
Published : September 13, 2012

-- DDH E-29 includes 23.4 meters of 0.97 gpt gold

-- Seven holes intercept gold over 100 meters or more

-- Optionee Mines Management planning additional exploraiton

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2012) - Estrella Gold Corporation (News - Market indicators) ("Estrella" or the "Company") is pleased to announce drill results from the recently completed core program at the Company's namesake La Estrella gold-silver project, located within the Central Peru polymetallic belt. Mines Management, Inc. (TSX:MGT)(NYSE MKT:MGN) is funding the exploration program and can earn a 75% interest in the property. 

Eight recently completed holes totaling approximately 2,700 meters were designed to test the south-western extent of a large gold and silver mineralized zone, which remains open to the north, south, and west. Seven of the eight holes intersected gold and silver mineralization exceeding 100 meters in thickness. Previous drilling on the property, totaling approximately 5,800 meters among 33 holes, intersected mineralization approximately 1,800 meters in length along strike north to south by 300 meters wide east to west. The known mineralization defines a tabular, west dipping, stratabound zone up to 200 meters thick that crops out to the east.

The property hosts a volcanic-hosted epithermal gold-silver system with associated base-metal mineralization in a north-south trending graben. The eight recently completed holes were drilled to depths ranging from 200 - 509 meters. Significant gold and silver mineralization was intersected in 7 of the holes with mineralized intervals ranging from 93 - 201 meters. Drill holes were spaced along a 500 meter strike and 300 meters width with the following significant intercepts: (See Appendix I for location details):

    From To Length Gold grade Silver grade
Drill Hole   (meters) (meters) (meters) (gpt) (gpt)
DDH E-22 Unmineralized
     
DDH E-23 Total Depth: 239.6 meters
Total mineralized intercept 84.4 197.2 112.8 0.41 21.4
  Incl. 151.7 173.3 21.6 0.81 71.3
  Incl. 153.0 163.3 10.3 0.62 130.5
  Incl. 155.0 160.1 5.1 0.88 225.4
             
DDH E-24 Total Depth: 296.3 meters
Total mineralized intercept 101.8 262.4 160.6 0.37 23.0
  Incl. 225.4 245.4 20.0 0.50 111.1
  Incl. 234.4 244.4 10.0 0.40 160.7
  Incl. 234.4 239.4 5.0 0.57 244.8
             
DDH E-25 Total Depth: 370.5 meters
Total mineralized intercept 75.0 276.4 201.4 0.35 12.9
  Incl. 155.5 172.0 16.5 1.30 6.0
  Incl. 164.4 172.0 7.6 2.09 7.0
  And 252.7 272.7 20.0 0.42 36.8
  Incl. 261.7 271.7 10.0 0.35 53.1
  Incl. 263.7 268.7 5.0 0.38 86.6
             
DDH E-26 Total Depth: 323.2 meters
Total mineralized intercept 141.5 256.4 114.9 0.37 6.4
  Incl. 175.0 185.0 10.0 1.05 8.4
             
DDH E-27 Total Depth: 500.3 meters
Total mineralized intercept 188.0 280.9 92.9 0.31 3.4
  Incl. 246.0 261.3 15.3 0.81 5.1
  Incl. 246.0 253.0 7.0 1.11 6.6
             
DDH E-28 Total Depth: 500.3 meters
Total mineralized intercept 161.5 297.0 135.5 0.39 6.9
  Incl. 147.0 156.0 17.0 0.83 4.7
  Incl. 233.0 242.70 9.4 1.15 5.4
             
DDH E-29 Total Depth: 259.4 meters
  93.8 119.9 26.1 0.04 157.5
  And 127.5 254.2 126.7 0.43 5.2
  Incl. 134.2 154.5 20.3 0.73 6.2
  Incl. 196.8 220.2 23.4 0.97 3.3
 
Notes to Drill hole Table 1:
1. The assay data presented in Figure 1 have not been capped (top-cut).
2. Reported intervals were selected based upon general in situ economic value above $25.00 per tonne, metals prices were assumed at $1,000 gold and $20.00 silver.

Mr. Keith Laskowski, QP, President and CEO of Estrella commented: "We are pleased with the results from the recent drill program which have confirmed the presence of a large mineralized gold-silver system, that remains open for further expansion. The planning and work by the team has verified and extended the previous mineralization model, and they have done a very efficient and professional job completing the entire program, from planning to reclamation within 6 months."

Drill hole samples were collected in 1-2 meter intervals 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. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates. 

FUTURE EXPLORATION PLANS: Mines Management has performed sufficient activities and expenditures to complete its work commitments for the year and is pleased that results warrant additional exploration. Analysis, interpretation, and modeling of these results are ongoing and will form the basis for future activities. Future exploration programs will primarily seek to (1) delineate the extent of La Estrella mineralization, (2) define the orientation and extent of high grade silver veins and structures, (3) conduct sufficient infill drilling for rigorous resource calculation, and will include metallurgic and additional geophysical studies. 

Michael G. Rasmussen, PhD, Vice President of Exploration for Mines Management, Inc., 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 reviewed and approved the technical information contained in this news release.

AGREEMENT WITH MINES MANAGEMENT: The property is being explored subject to Estrella' s Agreement with Mines Management which allows Mines Management to acquire a 75% interest in the property by spending $5,000,000 in work commitment, and by making the following payments: ( amounts are US$):

Payments: On Signing: $50,000
  Year 1 Anniversary Payment: $100,000
  Year 2 Anniversary Payment: $200,000
  Subsequent Anniversaries: $200,000
(Until exercising its Option)
     
Work Expenditures Year 1: $500,000 including 2,500 meters of drilling
  Year 2: $500,000 including 2,500 meters of drilling

COMMUNITY RELATIONS UPDATE

The local community has demonstrated cordial relations toward the project throughout the program, and much effort on the part of the Company has been directed toward communication and community involvement. The exploration program has been designed to use community labor in the construction of drill platforms and access roads, and has utilized manually-portable drilling equipment. All excavation work has been manually performed and has preserved soil layers in an organized manner, to provide for restoration when reclamation is underway. An exploration camp under the direction of ExploSupport, Lima, has provided continuous logistic support for the project.

About Estrella Gold Corporation (News - Market indicators)

Estrella is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella has 35 exploration properties in Perú, with thirty-two held in Venture Agreements. Estrella holds 29 properties within the exploration area that is subject to its Alliance Agreement with Cliffs. The Company has 24.1 million shares issued and outstanding on the TSX Venture Exchange (News - Market indicators). The Company has three other properties that are available for Venture Agreements. 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 reviewed and verified the technical information contained in this news release. 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.

Appendix I - Drill Hole Locations and Orientations
 
Drill Hole Depth meters Az Inclin. UTM East UTM North
E-22 200.0 270 -45 530149 8602496
E-23 239.6 090 -45 530179 8602603
          including
E-24 296.3 090 -65 530102 8602703
          including
E-25 370.5 90 -83 530111 8602803
E-26 323.2 90 -62 530050 8603000
          including
E-27 500.3 270 -75 530100 8602702
          Including
E-28 509.3 270 -65 530179 8602603
          including
E-29 259.4 270 -65 530280 8602487
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
(720) 272-6224 or (303) 235-8099 or (604) 687-3520
(604) 688-3392 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : 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$ 998 400 as of today (US$ 798 273, € 699 287).

Its stock quote reached its highest recent level on January 08, 2021 at CA$ 0.25, and its lowest recent point on November 03, 2022 at CA$ 0.03.

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)
0.030+0.00%
TSX-V
CA$ 0.030
12/07 10:00 -
0%
Prev close Open
0.030 0.030
Low High
0.030 0.030
Year l/h YTD var.
0.025 -  0.085 -62.50%
52 week l/h 52 week var.
0.025 -  0.085 -57.14%
Volume 1 month var.
4,000 20.00%
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$ 7.09-1.12%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$ 5.64+6.62%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 0.73-2.28%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.08+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.00+2.04%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$ 8.37-0.59%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.18-2.78%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32+6.67%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$ 2.47+1.65%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 64.25+0.19%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$ 0.03+0.00%Trend Power :