The Scorpius project, located in central Peru, completed the second phase of exploration, which consisted of surface mapping, geochemical rock sampling and an induced polarization study, the purpose of which will be to correctly define the drilling zones.
Through a community, the Canadian-owned company Sable Resources stated that the preliminary interpretation shows “a good correlation with high sulfidation alteration, gold anomalies, domes and resistivity-chargeability anomalies.
It also revealed that it has hired a group of professionals to complete all the required field work, in order to move forward with the application for the drilling permit, a stage that would begin in the first quarter of 2019.
Scorpius, made up of a total of 400 hectares, records historical values between 0.1 and 7.7 grams of gold per ton, belonging to samples of channels 1 meter long.
It should be mentioned that this project is currently exercised as an option by Sable Resources, a company that will have to pay $ 1 million to the Peruvian junior Alpha Mining SAC, with the objective of appropriating 100% of the mining concessions.
"The agreement for Scorpuis is directly in line with our ongoing higher-level epithermal strategy, and successfully implemented in Mexico and Argentina," Sable Resources said in September 2018.
(JPC)