Keith, here's RAP's news release. This whole area looks very good, when is INM announcing results
FOR IMMEDIATE RELEASE
December 01, 1998
Calgary, Alberta: Raindrop Resources Ltd. is pleased to announce the results of the initial field program to the Santa Maria Property in Mexico.
Raindrop commissioned Nigel Hulme (P.Geo) to evaluate the Santa Maria property in
Chihuahua State, Mexico and provide the company with a recommended exploration program. Mr. Hulme was accompanied by Doug Dauphinee (Raindrop V.P. Exploration), Jack Bolen (Hexagon Resources) and several local field assistants. During this field program Nigel Hulme and Doug Dauphinee collected samples on a series of sites on and around the claims. The Val, San Jose, Santa Maria and El Cumbre claims were visited. Two operating mines (Cieneguita and Piedras Verdes) and several old workings on ground surrounding Raindrop land were examined for geological modeling.
All of the samples were analyzed by Chemex Labs in Vancouver.
The San Jose claim contains the Florida Mine which is comprised of two parallel epithermal quartz veins (San Jose de Pinal #1 and # 2) that were mined for silver and gold by several groups in the past. Historic shafts, adits and surface diggings have exposed silver and gold mineralization at numerous sites along the NE-SW trend. Recent exploration by the Mexican Government has traced the #1 main for a strike length of 350 m and a vertical extent of 50 m. The vein width varies from 0.5 to 6.0 m.. There are 300 metres of underground drifting (tunnelling) that will be accessible with minor effort. Raindrop chip sampled (1.15 m) of the #1 vein and took two grab samples in the mine dump:
Au Ag Cu Pb Zn
ppb g/t % % %
chip 1335 120 0.06 1.74 2.32
grab 605 387 0.23 8.61 7.47
grab 6780 158 0.04 2.20 2.71
This deposit remains untested at depth and along strike. The San Jose vein system represents the best near-term potential for an economic deposit. Raindrop will proceed with a diamond drill program subject to necessary regulatory approvals.
The Val claim contains numerous small workings with copper, silver, zinc and lead mineralization. The main Val showing was chip sampled across the face (5.75 m of mineralization) in 1.0 m intervals.
The six samples collected averaged :
175.6 g/t Ag, 4.88% Cu, 0.50% Pb, and 1.54% Zn
A 1.0 m sample collected from relatively unmineralized rock on the northwest side of the pit contained
73.8 g/t Ag, 0.216% Cu, 0.297% Pb, and 0.032% Zn.
Three rubble samples collected at the base of pit averaged
252 g/t Ag, 7.1 % Cu, 0.82 % Pb and 1.13 % Zn.
The Val area has excellent potential for copper lead zinc and silver however, further work is required to delineate and define drill targets.
The Santa Maria claim comprises 2100 hectares and is contiguous with Francisco Gold Corp's El Sauzal property. Regional structures and lithologies trend across both properties. Raindrop collected samples from four locations along the western and southern boundaries of the Santa Maria claim. Results included 1885 ppb Au at one location and 389 g/t Ag and 7.71% Cu from another. Although little exploration has been done, Raindrop has identified several highly prospective targets for future work including two of the above locations.
Raindrop will concentrate exploration efforts on the most advanced target (San Jose) while continuing to collect and compile data over the entire property.
The Alberta Stock Exchange neither approves or disapproves of the information contained herein.
For further information, contact Harry Joujan or Doug Dauphinee at (403) 205-3788 or fax
(403) 205-3763 or email ranidrop@cadvision.com. |
