Nov 18 2016
Inception Mining Inc. is pleased to report that a recently-completed drill program has demonstrated evidence that a gold-bearing oxide-sulfide transition zone underlying the currently-in-production oxide zone is a viable new source for investigation. This program consisted of 12 drill holes comprising 492.2 meters (1614.83 feet) located in Southern Honduras, on the 200 hectare Clavo Rico concession owned by Inception Mining.
A portion of the results of the program are summarized in the “Clavo Rico 2016 Assay Details” table included here. Hole CMCS-09 was able to return an assay value averaging 1.99 g/t within a 19.50 meter section. Notably within this unit are 1mm – 2cm iron veinlets and fractures occurring frequently throughout the unit. The vein system has seen results upwards of 108 g/t in previous drill programs (03-CR-05, @ 72m – 74Am).
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Clavo Rico 2016 Assay Details
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Hole
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From (m)
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To (m)
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Length
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Grade (g/t)
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CMCS-09
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0.00
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50.00
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50.00
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1.60
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Including
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10.50
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30.00
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19.50
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1.99
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Within Which
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10.50
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15.00
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4.50
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2.03
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and
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16.50
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19.50
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3.00
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2.26
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and
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22.50
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25.50
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3.00
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2.11
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CMCS-03
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1.30
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5.80
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4.50
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2.02
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Another example of these fractures can be found in the oxidized material found on CMCS-03, from 1.3m – 5.8m. This 4.5m section has a grade of 2.02 g/t.
This find demonstrates that the oxide breccia vein may not be the only high-value material within the Clavo Rico concession, but that any lithologic unit within a general proximity to the steam-influenced breccia may be host to significant gold-bearing fractures and vein systems.
This program has demonstrated the continued expansion of gold-bearing material. This will allow the company to continue to evaluate expansion of its Clavo Rico operations.