Lateegra drills five m of 12.81 g/t Au, 27 g/t Ag
2007-04-26 03:40 ET - News Release
Mr. Chris Verrico reports
LATEEGRA DRILLS 5 METERS OF 12.81 GRAMS GOLD AND 27.8 GRAMS SILVER PER TONNE AT PICACHO
Lateegra Gold Corp. and Tara Gold Resources Corp have released results from the first assayed drill hole in a first phase drilling program at El Picacho, Mexico.
The now complete 2,569-metre, 14-drill-hole, first phase drilling program (see news in Stockwatch Feb. 23, 2007), was designed to confirm and expand upon historic data derived from 22 historic drill holes and sampling from within existing underground development. Core logging has been completed and samples have been received and prepared by ALS Chemex Ltd. laboratory, in Hermosillo, Sonora. The sample pulps will be shipped for analysis to the ALS Chemex laboratory in Vancouver, B.C.
Results from the first drill hole MPDH-07-01, processed on a rush basis, are listed in the table, "Hole MPDH-07-01."
HOLE MPDH-07-01
Interval Length Assay Weighted average From To Ag Au Ag Au Interval (metres) (metres) (ppm) (ppm) (g/t) (g/t) (metres)
80.50 81.50 1.00 21 6.11 - - - 81.50 82.50 1.00 21 21.40 - - - 82.50 83.50 1.00 11 8.75 27.80 12.81 5.00 83.50 84.50 1.00 67 21.60 - - - 84.50 85.50 1.00 19 6.17 - - -
The company is very pleased with these results as they provide verification for historically reported drill-hole results.
To date, a total of 14 drill holes have been completed by the company intercepting the mineralized quartz breccias and/or veins in 13 of the holes. The vein structure remains open to depth and along strike to the southeast. Additional results will be announced upon receipt of analysis by the company.
An extensive ground magnetic geophysical survey has now been completed. The data are currently being evaluated and incorporated into the Picacho database. These results, along with pending surface and underground geochemical trenching results, will be compiled for geological modelling purposes to aid in planning the phase 2 drill program, currently proposed for mid-May.
The company is compliant under National Instrument 43-101 for the Picacho project. Jeffery Reeder, PGeo, and Luc Pigeon, PGeo, are the qualified persons responsible for the exploration progr
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