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SW Breccia Mineral Resource: A Small Gold Resource with Growth Potential
Past work by Mindoro outlined from five to seven kilometers of northeast-trending epithermal vein/breccia trends on the Lobo Project. Mineralization along these epithermal trends occurs as both low-sulphidation gold and high-sulphidation copper-silver, with lesser gold, mineralization shoots. Two such mineralization shoots are SW Breccia, where Mindoro has drill-defined a near-surface gold resource, and the old Lobo Mine, where copper was mined during the 1960s. High gold-copper-silver values occur at surface in a number of areas along these trends. There are likely other mineralization shoots not exposed at surface that will require drilling to discover.
At SW Breccia on the Camo Trend, a National Instrument 43-101 compliant resource estimate was prepared during 2004, based on 25 shallow drill holes completed by Mindoro using a man-portable diamond drill rig. Indicated resources, to a depth of 130 meters, are 270,000 tonnes at a grade of 6.49 g/t gold, containing 56,380 ounces of gold. Additional inferred resources are 61,000 tonnes at a grade of 5.35 g/t gold, containing 10,540 ounces of gold. The mineralization is believed to be open to depth and to the south-west along strike. At a later date, Mindoro plans to utilize a larger drill rig to extend the resource.
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