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Francisco provides Marling drill results
Francisco Gold Corp FGX
Shares issued 15,355,425 Jan 24 close $4.60
Thu 25 Jan 2001 News Release
Mr. P. Randy Reifel reports
Francisco Gold has provided the results from the recent diamond drilling
program on its wholly owned Marling gold-silver property located in western
Guatemala. Ten step-out drill holes totalling 993 metres tested a portion
of the souther and western extensions of the Main zone. The latest drill
grid covered an area approximately 150 metres by 150 metres in size. All 10
holes cut significant gold-silver mineralization.
Drill core was sampled at 1.5-metre intervals and assayed by ALS Chemex
Labs in Vancouver, B.C. Check assays are being conducted by Bondar Clegg.
The drill results area summarized below.
Au
equiv-
>From To Int. Au Ag alent
m m m g/t g/t g/t
M-15
0 35.0 35.0 8.87 112.7 10.92
Incl.
0 3.0 3.0 77.00 386.3 84.00
84 103.5 19.5 3.67 31.5 4.24
M-16
0 91.5 91.5 1.67 47.7 2.54
Incl.
0 18.0 18.0 3.19 79.5 4.64
M-17
0 79.0 79.0 3.81 113.6 5.88
61 79.0 18.0 5.29 358.1 11.80
M-18
3 93.0 90.0 1.07 24.1 1.51
Incl.
3 24.0 21.0 2.52 45.5 3.35
M-19
0 15.0 15.0 1.33 9.3 1.50
M-20
17 43.0 26.0 1.93 8.9 2.09
M-21
0 106.5 106.5 3.07 74.5 4.42
Incl.
0 40.0 40.0 5.45 101.6 7.30
M-22
0 81.0 81.0 2.00 107.2 3.95
Incl.
0 49.0 49.0 2.98 121.2 5.18
M-23
0 61.0 61.0 6.03 93.5 7.73
M-24
43 111.0 68.0 1.70 18.3 2.03
Incl.
43 67.0 24.0 3.50 34.0 4.12
The latest drill program encountered thick, high-grade intersections in
most of the holes. Holes No. 16, No. 17, NO. 22 and No. 23 indicated that
the Main zone's shallow-dipping, mineralized body is slightly down faulted
and continuous for over 150 metres south acros an east-west trending normal
fault. Holes No. 15, No. 18 and No. 20 successfully tested a geophysical
anomaly extending west from the Main zone. This anomaly extends for at
least 300 metres further west. Hole No. 24 has confirmed that the east-west
feeder fault system, which appears to control the Main zone's high-grade
mineralization, continues nearly 200 metres southwest of the previously
drilled area.
Based on results from the 25 drill holes, trench and surface samples, the
Main zone's near-surface, mineralized horizon now exceeds 450 metres in
length and 175 metres in width. The Main zone remains open to the west,
south and east.
Francisco has resumed an extensive program of mapping, trenching and
surface sampling outside Marlin's Main zone. A systematic stream sediment
sampling program is under way within a 30-square-kilometre area around
Marlin where intense argillic argillic alteration is present. Apart from
the adjacent Don Tello and Los Cochis zones, two additional peripheral
targets, La Hamaca and Ajel, have recently been discovered. Both targets
host similar structural and alteration characteristics as Marlin. La Hamaca
and Ajel are located two kilometres north and three kilometres west,
respectively, of the Main zone.
Drilling is expected to resume in four to five weeks to further expand
Marlin's Main zone and to also test the Don Pancho -- Don Tello zone
located 200 metres further south of the recent drill grid. This structural
corridor has been traced for 900 metres along strike and is 10 to 50 metres
wide. The average grade of 111 rock chip samples collected across this zone
is 3.5 grams per tonne (g/t) gold and 183 g/t silver. Mechanized trenching
over this structural trend is scheduled to begin within two weeks. |
