Seafield Resources cuts two long gold copper intercepts near its Miraflores project in Colombia.
Seafield Resources cut a pair of long gold-copper mineralized intercepts in the first two drill holes ever on its Tesorito target, about 800 metres southeast of its Miraflores gold-copper project 100 kilometres south of Medellin, Colombia.
The copper-gold intercepts, about 200 metres apart in porphyry style mineralization, Seafield said, were 384 metres @ 1.01 g/t gold, 0.09 percent copper and 0.9 g/t silver; and 269 metres @ 0.46 g/t Au, 0.03 percent Cu and 0.6 g/t Ag.
Seafield first announced the discovery of the Tesorito zone late last year after doing a fairly extensive rock sampling program at surface that showed anomalous gold-copper within a roughly 500 by 750 metre area.
The area, Seafield said, had initially been targeted as a potential location for proposed tailings from its Miraflores copper-gold project, where it has outlined some 1.9 million ounces gold in resources.
Now it’s safe to say the Tesorito is a highly unlikely location for any potential tailings as the first two drillholes quickly establish the new discovery as Seafield’s top early-stage exploration prospect.
Seafield spokesperson David MacMillan, speaking over the phone Tuesday, said Seafield is in the midst of collaring a third drillhole, the final of a first phase drill program to test the porphyry target. He did not have details on the location and drill direction of the third drillhole at presstime.
He said that after drilling results come in from the third drillhole Seafield management will step back to digest its findings and then decide how to proceed with additional exploration.
Seafield chose the initial targets based on the surface anomaly. It is apparent at surface in samples largely ranging between 0.2 g/t Au to 1 g/t Au and also coincident with a sizeable chargeability and resistivity anomaly.
Part of the excitement surrounding the Tesorito discovery for Seafield and speculators is that it comes in a surface anomaly several times the extent of the Miraflores deposit at surface.
While it’s too early too say anything definitive about Tesorito’s grade or size at this point, it is very much an open question that Seafield will surely try to answer with more drilling while it pursues a near term production strategy with Miraflores.
It also gets a monkey off Seafield’s back.
“We’ve been talking about blue sky forever,” MacMillan said. “Now, finally, we can show results to back up that part of the story.”