-- Posted Wednesday, 2 November 2011 | | Disqus
Vancouver, BC: Galore Resources Inc. (GRI-TSX-V, GALOF.PK) announces the commencement of drilling at El Álamo and Los Gemelos. Both projects are significant gold prospects on the Company’s Dos Santos property, located in northern Zacatecas State, Mexico, in the Mazapil – Camino Rojo trend of the Concepcion del Oro mining district.
Galore has rented a conventional track drill to minimize construction access difficulties in steep terrain at El Álamo and to execute the drilling independently and cost effectively. The El Álamo program is designed to test beneath, and around previously announced trench results. The program will be executed using close-spaced drill holes on 30-metre spacing and up to 30 metres deep. The drilling is intended to determine the shape and size of the potential deposit beneath the surface and to better define deeper drill targets.
With similar objectives, a 15 to 20-hole drill program at Los Gemelos will test the near surface occurrences of free gold along a wide zone of skarn mineralization. The Los Gemelos property has dozens of surficial diggings that have been worked by artisanal miners, as well as the ruins of an old gold mill. In 2008, Galore tested the area by excavating a number of trenches and it took rock-chip samples in underground workings and in numerous prospect pits. This sampling program returned promising gold results. In an area surrounding the Los Gemelos target, where lack of outcrop inhibits exploration, a ground-magnetics geophysical survey commenced last week to test for skarn mineralization beneath the shallow alluvium.
“Based on encouraging gold results from trenching at Los Gemelos and El Álamo, management is excited about the execution of these two drill programs. With a new exploration strategy and team, we are confident that this low-cost drill program will provide us, in short order, with a better understanding of the economic potential on these two gold bearing projects, said President Michael Byrne.”
The Dos Santos exploration program is managed by Ing. Octavio Gonzalez, Galore's Vice-President of Exploration for Mexico. Terry Brown is the Company’s Qualified Person as defined by NI 43-101 and has approved this press release.
Galore Resources is a British Columbia-based exploration company that has assembled a leading group of industry professionals to acquire and explore for promising mineral deposits.
“Michael W. Byrne”
President
For progress updates and queries on Galore Resources Inc. (TSX.V -GRI), please contact:
Erica C Bearss, MBA
Vice President Corporate Communications
Email: ebearss@galoreresources.com
Tel.: 604-647-2298
Toll Free: 1-877-647-2298
Skype: 1-206-388-2423
Cautionary Note Regarding Forward-Looking Information: The Company expressly warns readers not to rely on the information herein for investment or other related purposes. Accordingly, any use of this information is at your own risk and without liability to the company. The information contained herein is not, and under no circumstances is to be construed as either a public or a private offer or solicitation to purchase securities in the capital stock of Galore Resources Inc. The reader is referred to his/her professional investment advisor regarding investment or related decisions respecting the securities of the company. No securities commission or similar regulatory authority has passed on the merits of, or reviewed the information contained herein. Neither the 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.
-- Posted Wednesday, 2 November 2011 | Digg This Article
| Source: GoldSeek.com
