(Global Geoscience 100%)
The Sara Sara project is located 500km southeast of Lima in southern Peru and 100km from the coast in the Department of Arequipa at an altitude of 4200m above sea level. The Company holds granted tenements over an area of 36 sq km. Surface geochemical sampling, geological mapping and alteration mapping suggest the Sara Sara project area is underlain by a large porphyry intrusive. Anomalous copper, molybdenum and gold have been found in soil, rock and drill hole samples over an area of 10 sq km. Satellite and ground based mapping has identified a large, zoned alteration anomaly over the same area.
The central zone covers an area of 8 sq km and consists of concentric zones of phyllic, argillic and advanced argillic alteration. Soil and rock geochemical samples within this zone contain up to 202 ppm copper, 62 ppb gold and 449 ppm molybdenum. The copper-molybdenum-gold zone is surrounded by an outer zone of elevated silver-zinc-bismuth.
The rocks exposed at surface are strongly altered and highly weathered but do show evidence of having contained abundant sulphide minerals. The strong alteration, presence of sulphide minerals and deep weathering has resulted in the development of an extensive leach cap in which metallic and other minerals have been leached from the rock.
The first drill program at Sara Sara, completed in January 2010, intersected high grade molybdenum (24m at 877ppm molybdenum) within a strongly pyritic and intensively altered (advanced argillic) breccia. The nearest hole to the high grade molybdenum intersection is 550m away and the mineralisation is open in all directions.
Drill hole KP6 (Collar 667431E, 8296505N) intersected 24m at 877ppm Mo from 126m depth using a 400ppm Mo cutoff. This intersection included 6m at 1,530ppm Mo from 141m depth using a 1,000ppm Mo cutoff. KP6 also intersected 6m at 0.12% Cu (1,200ppm) from 153m depth. KP1 (Collar 667991E, 8296328N) intersected 24m at 113ppm Mo from 111m depth using a 70ppm Mo cutoff.
An IP geophysical survey and a second program of drilling are planned for the 2010 field season starting in April.
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