Gold in dem thar hills-- Press release confirms high grade workings
September 10, 1997
Additional Results Received From High Grade Workings
CONSOLIDATED VISCOUNT RESOURCES LTD. ("CVR-V;CVSRF-L")
GUARDIAN ENTERPRISES LTD. ("GUD-V;GURNF-L")
- Additional Results Received From High Grade Workings
Mr. Len Harris, President of Consolidated Viscount Resources Ltd. and Guardian Enterprises Ltd. is
pleased to announce very favourable assay results from samples taken by an independent consultant
from workings at the Las Coloradas concession in Durango, Mexico. The concession covers 12,000
acres and hosts a five (5) kilometre (three mile) long mineralized structure.
The samples were taken from a recently discovered high grade ore shoot within the Piedra Bola
underground workings, as well as from surface exposures of the main structure in the "Los Reyes"
and "Verdun" areas. The assays were conducted by a recognized, independent laboratory in
Vancouver.
Channel sample results;
1. Piedra Bola workings across one (1) metre:
- 56.1 gpt (1.63 oz pt.) gold
- 199.7 gpt (5.79 oz pt.) silver
2. Los Reyes - surface sample across one (1) metre:
- 23.9 gpt (0.69 oz pt.) gold
- 115.9 gpt (3.36 oz pt.) silver
3. Verdun - surface sample across one (1) metre:
- 5.1 gpt (0.147 oz pt.) gold
- 190.3 (5.52 oz pt.) silver
4. Mill concentrate samples averaged:
- 27.16 oz pt. gold
- 1,459 oz pt. silver
- 0.36% lead
- 0.32% zinc
Assay results from the newly identified Piedra Bola ore shoot include;
- 65.7 gpt gold and 5,418 gpt silver across 90 cm
- 64.9 gpt gold and 4,657 gpt silver across 35 cm
- 191.5 gpt gold and 14,859 gpt silver across 15 cm
Weighted average results for nine (9) samples taken from the structure
are:
- 44.4 gpt gold and 3,570 gpt silver across an average sample width of
36 cm
These samples indicate that economic grade mineralization is present
along the main structure at the Las Coloradas minesite for at least 3 1/2
km.
The main structure remains open at both ends (and to depth) and subparallel to oblique structures, as
well as significant structural intersections have yet to be tested using modern methods.
The mill has been operating smoothly on a "test run" basis for the past three weeks and should be
ready for full production after the rain season ends. Current weather conditions prevent shipment of
fuel and other essential supplies required to sustain full production of 100 tpd, but has not affected the
mining of high grade ore from the Piedra Bola workings.
Viscount and Guardian Enterprises Ltd. jointly own 57.3% of the Las Coloradas concession and have
an option to acquire an additional 25 1/2%. The two companies also own a 50% interest in an
additional eighteen (18) properties covering approximately 150,000 acres in this highly mineralized and
geologically favourable area of Durango, Mexico. Exploration of this valuable land package will begin
sometime after September 15, as dictated by weather and availability of technical personnel. |
