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Esperanza Resources Updates on Drilling Results from Cerro Jumil Project

Esperanza Resources has updated on the ongoing drilling program conducted at its Cerro Jumil project in Mexico.

The company has cut two separate intervals in the drill hole RCHE-11-220, including 2.5 g/t gold over 22.5 m and 1.1 g/t gold over 30 m. Two intervals were also intersected in the drill holes RCHE-11-221 and RCHE-11-222, returning 1.7 g/t gold over 10.5 m and 1.0 g/t gold over 18 m in the former hole and 1.6 g/t gold over 40.5 m in the latter respectively.

Two successive samples of 1.5 m each, including 119 g/t and 82 g/t gold respectively, were identified in the drill hole RCHE-11-220. High-grade pockets may be present in this hole. The company intersects all assays to 10 g/t high-grade of gold in order to estimate the average grade of any interval and to calculate the resource.

The results of the ongoing drilling program has included in-fill holes that were planned to improve inferred resource regions to indicated or measured status, condemnation holes such as RCHE-11-217, 218, 226, 227, 228, which has not found mineralization in planned regions for upcoming mine infrastructure, and confirmation drilling at the significant zones’ potential expansions along the strike length and to the depth of the prominent deposit.

Two new drilling rigs have been engaged by the company and are expected to arrive at the earliest. The company will employ these rigs for metallurgical and geotechnical sampling, and exploration drilling programs for helping future feasibility studies.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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