DSR-v...in the news:
Doublestar to dig into Zopilote gold project
Thu 23 Jan 2003
News Release
Mr. Paul Saxton reports
MAJOR DRILL PROGRAM TO COMMENCE AT ZOPILOTE
Doublestar intends to commence a major drill program on its advanced-stage
Zopilote gold project in Honduras with the intent of bringing the deposit
to commercial threshold by the end of the year.
The program will build on the existing resource of 446,000 ounces contained
in 10.5 million tonnes grading 1.32 grams per tonne in oxide, transition
zone and sulphide mineralization. The program will initially focus on
extending the higher-grade Central zone, presently estimated to be 2.5
million tonnes at 1.62 grams gold per tonne (0.047 ounce per ton), while
following up on two recently drilled exploration holes which recorded
ore-grade intercepts.
One of these exploration holes was located in the large, and previously
undrilled, El Rincon (Calpules) soil anomaly (3,000 metres by 500 metres),
and recorded 48 metres of 1.07 grams per tonne gold (0.031 ounce per ton).
Another exploration hole, drilled 40 metres west of previous drilling,
possibly indicating a new zone, recorded 33 metres grading 2.14 grams per
tonne (0.063 ounce per ton) including 12 metres grading 5.15 grams per
tonne (0.15 ounce per ton).
The program will be conducted in five stages over the year commencing in
February. Results from each program will be used to drive the following
program. The company is adequately financed for the first stage of this
program.
Zopilote is a large property, covering 155 square kilometres, located 45
minutes by highway and secondary road from the large metropolitan centre of
San Pedro Sula. The property is well serviced by power, water and roads,
and nearby villages are a source of skilled and unskilled labour.
Topography, location and services indicate that a commercial deposit, if
developed by the proposed program, would carry relatively low capital and
operating cost. |
