Strait Gold Corporation (TSX-V:SRD), is pleased to report final assay results from a 2000-metre drill program at its Alicia copper-gold project in southern Peru. Highlights include:
- 134.0 metres of 0.29% copper, 0.03 grams per tonne (g/t) gold in hole ALC11-16, including 9.75 metres of 1.27% copper, 0.07 g/t gold and 0.032% molybdenite; and,
- 18.5 metres of 1.25% copper, 0.15g/t gold, 13.3 g/t silver and 0.012% molybdenite in ALC11-17.
“Hitting copper-gold mineralization over these widths in our first drill program at Alicia is very encouraging,” said Strait Gold President Jim Borland. “While our primary targets are outcropping skarn zones, the property also shows good potential for porphyry-style mineralization similar to other porphyries in this very prolific copper belt.
“In 2011 we will follow up on the skarn mineralization because of the exceptional copper and gold grades, and we will further investigate the porphyry-style mineralization because of the potential of porphyries elsewhere in the belt to form large deposits.”
The company is planning an aggressive exploration campaign at Alicia for 2011 including airborne geophysics and stream sediment geochemistry over the entire 26-sq.-km property, detailed soil geochemistry over the central portion of the property and additional drilling to delineate the skarn mineralization as well as to further define the porphyry potential.
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Image from Strait Gold Corporation
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