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The Encrucijada property hosts a gold and silver bearing, epithermal
quartz vein system. The extent of the system and its overall potential
has yet to be determined. The largest vein structure, Vein A, occurs
along a strike length of 1 km and roughly follows a creek valley (“Quebrada
Corcovado”). The central portion of Vein A structure has produced the
highest proportion of rock chip assays that exceed 1 g/t Au along a 160
m strike length. The vein systems display typical epithermal quartz
vein textures, including colloform banding, vugs and brecciation with
chalcedonic breccia matrix and silicification of wall rocks. The
epithermal quartz vein contained about 2% disseminated pyrite. Gold
typically occurs along the central core portion of the veins. Silver
values greater than 100 g/t Ag are common in veins and elevated copper
values were obtained. The epithermal quartz veins and adjacent
silicified zones range in width from approximately 1 m to 6 m.
The Encrucijada property is underlain by Paleocene to Eocene
andesitic lapilli tuff and later andesitic porphyry or crystal tuff.
These units are well exposed over then eastern two thirds of the
property. Over most of the western portion of the property and a few
large patches of the eastern area bedrock is covered by up to 5 m of
dacitic ash tuff and gravel.
Veins B and C occur on the south side of Quebrada Corcovado and
extend for 500 m and 400 m along a west-southwest trend respectively.
The veins are separated by 75 m to 100 m. Both veins have yielded a
number of chip samples containing in excess of 1 g/t Au along the more
continuous central portion of the vein. Vein C produced the best
intercept of the drilling campaign of 1.8 g/t Au over a 4 m drill
interval. Including the altered and silicified wall rocks the structure
ranges to 6 m wide in the vicinity of this intercept.
Veins D and E are located on either side of a shallow quebrada 1.5 km
due south of Quebrada Corcovado. Both veins trend west-southwest and are
separated by 75 m to 150 m. Vein D can be traced for 400 m and Vein E
for 500 m. Vein E is the more interesting of the two as it displays
multiple en echelon splays in the hanging wall of the main structure.
Rock chip samples collected from these veins have all been less than 1
g/t Au. |