Sep 9 2015
Minsud Resources Corp. announces that in the coming weeks it will commence a 22 hole, 5,300 meter HQ diamond drilling program primarily in the Chita Porphyry sector of the Chita Valley Project.
The main objective is to continue outlining Cu-Au-Ag-Mo mineralization and Inferred Resources (see Company Press release dated May 28, 2015) at relatively shallow depth beneath the zone of surface weathering and oxidation. Better Cu values are typically associated with the zone of supergene enrichment and the transition to primary mineralization at depth. In all 19 drill holes totaling approximately 4,100 meters will test the Chita Porphyry area. See accompanying plan map below.
In the first half of 2015 Minsud completed an Induced Polarization/Resistivity geophysical survey over the Chinchillones Complex sector of the Project. This survey clearly identifies the known drill tested mineralized and barren areas, as well as a variety of new targets in overburden covered areas. Three diamond drill holes totalling approximately 1,200 metres are proposed as an initial test of two target areas:
- Two drill holes to test classical epithermal precious metals IP/Resistivity responses in the Chinchillones breccia area.
- One drill hole to test for remobilized Cu porphyry mineralization at a resurgent dome contact with early mineralized (EM) porphyry. IP chargeability response indicates concentrated sulphides in the contact area.
Mr. Howard Coates, Professional Geoscientist, Director of the Company and a geological consultant, is a qualified person as defined by Canadian National Instrument 43-101. Mr. Coates visited the property and has read and approved the contents of this release.
Carlos Massa Minsud´s President & CEO, states: "First of all we wish to thank those investors, who share our medium-long term vision of the mining business, for continuing to invest in Minsud. We believe that good mining development projects will become scarce for a business chain that is not replacing reserve consumption worldwide. We are exploring now to be well positioned for the future."