Source: Mining Journal
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  • Anacortes Mining Corp. (XYZ) released drill results from the first two completed diamond drill holes at Tres Cruces
  • Both holes demonstrate the near-surface high grade continuity of the deposit and represent the first two of 22 planned drill holes currently underway in the prolific Quiruvilca Mining District in northern Perú
  • Anacortes Mining Corp. (XYZ) owns a 100 per cent interest in the Tres Cruces gold project
  • Anacortes Mining (XYZ) is up 2.15 per cent, trading at C$0.95 per share at 9:45 am ET

Anacortes Mining Corp. (XYZ) released drill results from the first two completed diamond drill holes at Tres Cruces.

Both holes demonstrate the near-surface high grade continuity of the deposit and represent the first two of 22 planned drill holes currently underway in the prolific Quiruvilca Mining District in northern Perú.

Holes ATC-500 and ATC-501. Source: Anacortes Mining Corp.

Highlights:

  • ATC-500 intersected two significant near-surface gold intervals within the proposed oxide pit:
    • 35.9 meters grading 0.64 g/t gold from 8.0 metres downhole
    • 23.8 meters grading 1.75 g/t gold from 49.20 metres downhole
  • ATC-501 intersected two significant gold intervals within a broad 210 m intercept of 1.88 g/t gold:
    • 82.55 meters grading 1.62 g/t gold from 28.35 metres downhole
    • 123.10 meters grading 2.11 g/t gold from 115 metres downhole
    • Highly anomalous gold and silver mineralization (0.15 g/t Au and 5.9 g/t Ag) from 239 metres to 496.3 metres

Anacortes Mining CEO, James Currie, P. Eng explained that the deeper drilling and associated grades suggest excellent potential remains at depth within the sulphides.

“Assays for the next five holes will be released when they are available in the coming weeks. In the meantime, drilling is on hiatus until early-August to allow the drill crews to have a rest break and enable our exploration team to catch up on logging and storage of the core.”

Anacortes Mining Corp. (XYZ) is a new growth-oriented gold company in the Americas. The firm owns a 100 per cent interest in the Tres Cruces gold project. 

Anacortes Mining (XYZ) is up 2.15 per cent, trading at C$0.95 per share at 9:45 am ET.

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