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The 106.69 square kilometre (km2)
Ongoing exploration continues to advance the understanding of the Project, where three structural domains expose different levels of a large Au (Ag, Cu) bearing epithermal-porphyry system that is interpreted to underlie the Project and the source of the observed alteration and mineralization at surface. The mineral potential of the district will initially be tested in three high priority target areas; Aguila de Oro,
A ground geophysics program including 11.2 line kilometres of Induced Polarization and 2 line kilometres of HSMAT is underway over
President & CEO of
During the 2023 exploration program, regional scale mapping and prospecting covered the Project while areas with vein exposure and gold showings were mapped and sampled in detail.
A soil sample program on 100 metre centers covered about 2,100 hectares (1,860 samples) and successfully identified coincident gold and copper soil anomalies for follow up exploration, especially in the El Polo-Dolorosa area, currently the highest priority target for drilling. Anomalous gold values ranged from a background of 30 ppb Au to a maximum of 3,690 ppb (3.69 g/t Au), with 100 samples returning assays greater than 50 ppb Au, and 46 assays greater than 100 ppb Au (see Figure 3).
Approximately 2,000 rock chip samples were collected from outcrop exposures since exploration began. Assay results ranged from not anomalous to a maximum of 27.12 g/t Au, of these:
- 352 samples returned assays exceeding 0.25 g/t Au,
- 220 assays greater than 0.5 g/t Au,
- 130 assays greater than 1.0 g/t Au,
- 67 assays greater than 2.5 g/t Au and 22 assays greater than 5 g/t Au.
In addition, silver (Ag) assay results ranged from not anomalous to a maximum of 2,938 g/t Ag, of these:
- 195 samples assayed greater than 10 g/t Ag,
- 90 samples assaying greater than 30 g/t Ag,
- 28 assays greater that 90 g/t Ag.
Three areas have been identified as the first priority targets to commence drilling:
1. Aguila de Oro
Veins and breccia occur in northeast trending corridors with individual corridors mapped over approximately 500 to 750 metre widths, and open for extension in all directions within a larger 7 by 10 kilometre corridor. Veins vary from 0.15 to 1.8 metres in width, averaging about 1.2 metres, and were traced at surface over a cumulative 10 kilometre strike length. The longest continuous vein exposure measures 1.5 kilometres at surface (the Cristina vein). The untested strike potential of this system of veins is multi-kilometre. Subparallel vein sets provide wide drill targets with near surface bulk mineable potential.
About 1,025 rock samples have been collected along this trend, which is still at an early stage of exploration. Assay results range from nil to 15.2 g/t Au but consistently return 2 – 15 g/t Au in the old workings (see Figure
4). Of these samples:
- Approximately 210 assays were greater than 0.25 g/t Au,
- 134 assays greater than 0.5 g/t Au,
- 75 samples greater than 1.0 g/t Au,
- 40 assays greater than 2.5 g/t Au,
- 14 greater than 5.0 g/t Au. Silver values varied.
19 samples collected from inside old mine workings ranged from 110 g/t Ag to 2,938 g/t Ag, including some hand cobbed material.
- 120 samples assayed greater than 10 g/t Ag,
- 55 assays greater than 30 g/t Ag,
- 20 assays greater than 90 g/t Ag.
2.
This prospect extends at least 2.3 kilometres and varies up to 750 metres wide, and includes numerous other prospects and showings, worked primarily for free gold. Prospects in this area include the past producing
Mineralization at the El Polo pit is structurally controlled by an east westerly trending reverse fault. The fault is a 5 metre thick gold-bearing breccia with a high-grade core (approx. 0.5 m to 2.5 m thick) where a 0.45 m channel sample returned 27.1 g/t Au and 92.0 g/t Ag. Disseminated low grade mineralization occurs across the fault structure and in the surrounding rock estimated to be at least 5 to 8 metres wide. Additional structures are observed in the highwall of the small pit. These could not be systematically sampled due to access issues, but drill holes will be designed to crosscut them.
The El Polo fault crosscuts a northwest structural trend of mineralized veins, breccia's and disseminated mineralization. This zone can be traced southeasterly over 2.3 kilometre to the Dolorosa prospect, where it is up to 750 m wide. Gold mineralization occurs in veins, breccis and is disseminated in the wall rocks. It is also the location of a strong coincident gold soil anomaly (see Figure 3).
A total of 490 rock samples have been collected from this area. Assay results range from nil to 27.12 g/t Au, with:
- 110 samples returning greater than 0.25 g/t Au,
- 62 samples greater than 0.5 g/t Au,
- 21 samples greater than 2.5 g/t Au,
- 6 samples greater than 5 g/t Au.
Silver assays returned:
- 59 assays with greater than 10 g/t Ag,
- 25 assays with greater than 30 g/t Ag,
- 6 assays with greater than 90 g/t Ag.
(See Figure 6)
The Company's first drill campaign will begin in this high priority area.
3. Celeste
Celeste is an early-stage exploration target where alteration and mineralization has been mapped over a 1.8 kilometre by 800 metre area that remains open in all directions. The prospect contains zones of intense massive silica alteration crosscut by quartz veins 0.2 to 2 metres in width. Samples from this area returned consistent low grade disseminated gold. Deposits in
A total of 196 samples were collected here that are almost exclusively anomalous in gold. Assay results range from nil to 2.24 g/t Au.
Samples from this area also returned:
- 50 assays greater than 0.1 g/t Au,
- 25 assays greater than 0.25 g/t Au,
- 14 assays greater than 0.5 g/t Au
- 6 assays greater that 1.0 g/t Au
This prospect presents a large bulk tonnage exploration target for gold that requires further mapping, sampling, and geophysics prior to drilling (see Figure 7).
In consultation with the local communities, two drill permits were applied for and received from SEMARNAT, providing ample sites to complete all exploration plans for several years. Five-year renewable surface access agreements for exploration, drilling and water use have also been signed with the necessary local communities and ratified by the agrarian authorities. Additional access agreements with individual parcel owners will be needed as drilling on the Project advances.
All rock and soil samples were shipped to
For more information, please visit the Company's website at www.angelwingmetals.com.
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