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Sandspring Resources Ltd. announced further encouraging gold and copper assay results from a recently completed infill-drilling program at the Toroparu Gold-Copper Deposit in the Republic of Guyana, South America.
Infill drill results, comprising an additional 2,590m of drilling from drill holes TPD171, 173, 176, 178, and 182, continue to confirm the Toroparu Gold-Copper project and provide evidence to extend the resource. Based on these results, the original infill drill program has been reviewed and extended in areas where additional resources are expected laterally and to depth. A total of 22,162 meters of results have now been reported from completion of recommended infill- drilling. The Company maintains a flexible, results-driven infill and additional resource drill program within the Toroparu Gold-Copper Deposit zone. Sandspring's objective is to enlarge and optimize the existing resource and continue preparation of a Definitive Feasibility Study. The infill drill program was designed to better define the geological controls, optimize grade and improve classification of the Inferred Resource contained in the Potentially Mineable Portion of the Toroparu resource as disclosed in the independent 43-101 compliant Updated Resource Estimate and Preliminary Economic Assessment of the Toroparu Gold-Copper Deposit, Technical Report No. 208, signed by P&E Mining Consultants Inc. on May 5, 2011. The reported results include step-out drilling to the south and south-east in drill holes TPD172, 174, 175, 177, 179, 180, 181, and 183 of the Toroparu Gold-Copper Deposit. These provide significant indications of extensions to known gold mineralization, justifying the continuation of the Company's exploration drilling program with the objective of finding eventual satellite deposits. The infill drill program is part of a larger exploration drilling program that is testing targets within the 6 km long, west-northwesterly trending structural corridor hosting the primary mineralization. Company management has elected to bring in a reverse circulation drill to expedite the exploration drilling program and test geochemical anomalies identified through a regional sampling and mapping program, which is ongoing across the Company's larger Upper Puruni Concession. A total of 91,878 meters of diamond core drill results have now been reported from the Toroparu Gold-Copper Deposit area. More information, click here. |
