Zincore Metals Inc announced assay results from 8 drill holes at the Company's 100% owned, Dolores copper and molybdenum porphyry property located in the prolific Yauri Andahuaylas Copper District in southern Peru.
Highlights include: 0.32% Cu Eq(i) over 144.4 meters including 0.49% Cu Eq(i) over 72.4 meters in hole DOL-9; 0.29% Cu Eq(i) over 116 meters in hole DOL-10; and 0.20% Cu Eq(i) over 33.7 meters in hole DOL-7.
Mr Jorge Benavides CEO & president of Zincore said that "This first drill program at Dolores has intersected excellent copper and molybdenum mineralization in six of the ten holes drilled including very good grades and widths in holes DOL-2, 9 and 10(ii). We also intersected favorable copper and molybdenum mineralization in holes DOL-6, 7 and 8. We believe that the relative proximity and similarity of mineralization in these six holes is strong evidence of a large porphyry system focused south of the currently drilled area. We are encouraged by this prospect given the scope and the fact that this area remains largely open and unexplored."
Holes DOL-2, 7, 9, and 10 all intersected moderate potassic alteration in the mineralized diorite porphyry along with moderate to strong quartz veining over significant widths. In addition, holes Dol-6, 7 and 8 intersected wide sections of garnet skarn with anomalous to sub economic copper values over 4 meters to 8 meters intervals.
Company geologists have extended the geological mapping and sampling southward in order to better understand the vectors controlling the emplacement of the copper and molybdenum mineralization. This work has confirmed that the altered and mineralized porphyry extends to the south for at least another 1.5 kilometers and possibly further. Once the mapping is completed, the Company plans to expand the IP and magnetic geophysical survey coverage over this very prospective ground to help define a second phase diamond drill program.
Mr Benavides added that "The Yauri Andahuaylas Copper District hosts a number of world class deposits including Xstrata's Tintaya and Las Bambas projects, the Haquira project which was purchased last year by First Quantum Minerals for approximately USD 460 million and the Constancia project which was recently purchased by HudBay Mining for approximately CAD 520 million. The results from the first ten holes drilled at Dolores provide strong evidence that Dolores is a mineralized copper-molybdenum porphyry system with significant potential to become a major new porphyry deposit in a very prolific copper district. As such, Zincore will continue to explore Dolores with the objectives of localizing the higher grade core of the system and developing an understanding of the potential size of the deposit."
