Gold

Bastion Minerals increases mineral arsenal with discovery of multiple zones of shallow gold mineralisation at Capote project, Chile

ASX-listed gold and copper explorer and developer Bastion Minerals (ASX:BMO) reports it has intercepted multiple zones of shallow visible gold mineralisation from an ongoing diamond drilling (DD) campaign at its flagship Capote Gold Project in Chile’s Atacama region. 

The results returned have confirmed visible gold mineralisation across three zones at shallow depths of 15.6m, 32.35m and 39m (drillhole CPDH011), with ‘significant’ intersections including, 1.37m at 13.15g/t Au from 32.3m (CPDH006) and 5.5m at 2.37g/t Au from 53.5m (CPDH008). 

To date, 4,056m of the maiden DD campaign has been completed, with initial results demonstrating elevated gold in all structures drilled and also confirm that surface mineralisation extends to depth and along strike.

Bastion

Addressing the results, Bastion Minerals Executive Chairman, Ross Landles said: “Although in the oxide zone, the shallow visible gold intersected at Capote is notable and consistent with the historical high grades from the San Juan vein in the project. 

“These results, together with the ‘significant’ near surface gold results already received, gives us further confidence in the maiden drilling campaign and has the team waiting eagerly for the outstanding gold and multi-element assays”

These results, together with the ‘significant’ near surface gold results already received, gives us further confidence in the maiden drilling campaign and has the team waiting eagerly for the outstanding gold and multi-element assays.”

The company also notes that the project has many veins that have yet to be evaluated at depth, including northern and southern extensions of the La Buena and Yayito system, as well as the Resurgimiento and Resurgimiento two veins.  

Other veins of interest include Colo Colo, which has returned an important intercept and is open to the north and south, as well as the San Juan vein, which is also open to the north, south and at depth. 

Bastion Minerals is an ASX-listed company focused on discovering ‘high-grade’ precious and base metal deposits within Chile’s mineral-rich Atacama region. The company’s flagship Capote project is located within the historical Capote mining district made famous by the San Juan Mine, which is reported to have produced 0.5Moz Au at 40g/t Au and processed a total of 1.7Moz Au at 52g/t Au. The company also hosts a ‘significant’ landholding in the area with about 88.55km-square of licences. 

With drilling still ongoing at the project, Bastion Metals announces that samples for these zones of visible gold have been submitted and will be released as they come to hand.

Images: Bastion Minerals Ltd & iStock
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.