St. Elias Mines

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Here are 2 from the property that appear open pittable.

Upon receipt of Stage 1 preliminary Titan24 geophysical sections generated in the field, a small trench-sampling program was completed across a geophysical anomaly corresponding to the “structural corridor” in the vicinity of the A4 Vein in Zona Central. Twenty-two 3m-long bulk samples weighing about 30kg each were collected from 3 trenches testing a 100m strike length of the low-resistivity geophysical response. The trenches were aligned perpendicular to the long axis of one distinct low-resistivity anomaly and returned 50 to 1130ppb (1.13g/t) gold across an alteration zone up to 45 meters wide, including economically significant assays of 553 ppb gold across 9 meters (3 samples). The zone tested by trenching is 100 meters long, and further work is required to evaluate the much longer strike length indicated by geophysical responses.

Recent trenching and sampling has shown that there is a subtle and previously unappreciated halo of carbonate alteration up to 40 meters wide associated with the low-resistivity geophysical anomaly adjacent to the C5 Vein at Zona Canchete and adjacent to the A4 Vein at Zona Central, which are separated by a distance of ±700 meters. Halos of carbonate alteration are common in mesothermal gold veins (Atlas of Alteration, G.AC., 1996). Samples of the carbonate-alteration zone (35 three-meter-long channel samples collected to date) are all gold-anomalous (>50 ppb gold), and include intervals (for example, 9 meters of >500 ppb) that are higher grade than the cut-off grade of oxide ore at Yanacocha (Newmont, 2008 year-end annual report).

http://steliasmines.com/projects/peru-projects/tesoro-peru/

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sculpin
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St. Elias Mines
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SLI
Exchange
TSX-V
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130.4 M (FD) : Nov 29, 2011
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Metals & Minerals
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