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Be the first with the news that moves the market- San Marco Resources (TSXV:SMN) is mobilising field crews ahead of a summer exploration program at its Buck Property in British Columbia
- On-site field reconnaissance has already begun and a team go geologists is expected to arrive shortly
- Of particular interest is the Trench Zone, which previously returned near surface results of 30.8 metres at 2.70 grams per tonne of gold and 33 grams per tonne of silver
- The program is expected to include geological mapping, structural analysis and geochemical sampling
- San Marco Resources (SMN) is currently up six per cent and is trading at C$0.26 per share
San Marco Resources (TSXV:SMN) is mobilising field crews ahead of a summer exploration program at its wholly optioned Buck Property in British Columbia.
Located in north-central British Columbia, the gold-silver-zinc property covers a total of 15,000 hectares. Pursuant to an announcement dated July 16, 2019, San Marco has the option to acquire a 100 per cent interest in the Bucks property.
Field crews have already been mobilised to begin on-site reconnaissance and a team of geologists is expected to arrive shortly.
The summer program is expected to include geological mapping, structural analysis and geochemical sampling of priority exploration targets. These targets were previously identified through the evaluation of historic geological, geochemical and geophysical data compiled by San Marco’s technical team.
Drilling of the most significant of these targets is scheduled for a few weeks after the completion of the preliminary filled work.
Of particular interest is the Trench Zone, which sits to the west of a diamond drill program that was announced in early April this year. Previous work at the zone includes soil and rock sampling, along with rock chip samples that were collected from trenches.
The rock chip samples indicate continuous three-metre intervals, with significant intercepts including 48 metres at 2.96 grams per tonne of gold, 48 metres of 2.61 grams per tonne of gold, and 45 metres at 1.82 grams per tonne of gold.
Bob Willis, recently appointed CEO of San Marco Resources, said he is excited to begin field work at the Buck property.
“We have a number of excellent drill targets generated through historic data compilation and are keen to get on site, evaluate their priority, and get the drill turning again.
“We’re producing the first compilation of historic results from multiple sources. This is generating very compelling targets in several lightly explored areas kilometres away from the bulk of historical work,” he added.
San Marco Resources (SMN) is up six per cent and is trading at C$0.26 per share at 10:28am EDT.
