J. Duane Poliquin, Chairman of Azucar commented, We are pushing on with our comprehensive two year intensive drill program at the El Cobre project. The results so far have shown that the property hosts multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as the program continues.
Reconnaissance exploration recently completed at the Mecatona Property was successful in the discovery of a previously unknown silver, copper, gold zone hosted in pervasive skarn-altered Lower Cretaceous turbidites of the Mezcalera Group. Silver, copper, gold and anomalous cobalt mineralization is distributed in a 200 by 400 meter zone with apparent uniformity. Highlights of the program include 51 samples (29 chips averaging 1 meter in length, 17 grabs and 5 dump) taken across the new zone returning silver values averaging 110 gpt with a high of 486 gpt silver. Additional highlights of all samples taken within the mineralized zone include 12 of 51 samples grading > 100 gpt silver with 86% returning values greater than 20 gpt silver.
We are enthusiastic to have Craig leading the geologic team at Pino de Plata, stated Karl Boltz, CEO of Silver Spruce. He is a top-notch geologist and has extensive experience running successful exploration programs in remote locations. Dr. Gibson will be on site to determine the best drill collar locations and orientations for the upcoming drill program to maximize the potential success of the program. This is an important and low cost step to prudently prepare for the expensive drilling activities, slated to commence later this spring.
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