Wednesday, 28th February 2007 (2420 views)

Consolidated Spire Ventures has recently optioned its Yago gold and silver property from Almaden Ventures and an immediate exploration programme is currently being planned.

The exploration officer of Consolidated Spire Ventures, Victor Jaramillo, is currently at the Yago site which is located in Mexico where he is visiting in order to determine an immediate programme of progression.

Back in 2005 Mr Jaramillo visited the site initially and ordered some surface geological work such as mapping and trenching along several significant vein structures which are called Sarda, Esperanza and Magnolia.

He also determined prospective targets for drilling along the veins so that new gold and silver mineralisation might be discovered. Such bearings were observed and the firm hopes that they extend below surface to known mined ore shoots or mineralised zones along strike.

During this 2005 visit Mr Jaramillo took a grab sample over a ten metre squared area and a grade of 7.1 grams of gold per tonne was returned. A silver sample returned an average grade of 61.4 grams of gold per tonne while copper was also present in some areas.

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.