Samaranta Locates Areas of Alteration and Anomalous Gold; Developing Trenching Targets in Advance of Drilling
January 18 2012 - 5:02PM
PR Newswire (Canada)
VANCOUVER, British Columbia, Jan. 19, 2012 /CNW/ -Samaranta Mining
Corporation has received a detailed geological compilation and air
photo interpretation and initial sample results from the Phase 1
field program on the Guadalupe property in Segovia, Colombia. The
compilation and the associated groundwork complement the recent
airborne geophysical survey all support the hypothesis that the
dominant structures in the area. Along these general trends
significant areas of hydrothermal alteration have been identified
with variable concentrations of sulphide mineralization. The
combination of structure, geology, alteration and variable levels
of mineralization indicate strong potential for the flat lying cap
and seal style polymetallic quartz vein mineralization found on the
adjoining Frontino Gold Mines ("FGM") to follow the N-30E trend and
onto the Company's Guadalupe property. Structural interpretation
was derived from interpretation of air photos, differential GPS
locations and field measurements which have been incorporated into
a Included in the interpretation is a 1:5000 scale topographic map
with 5 metre contours. A 1:5000 surficial geology map was also
completed While large portions of the property are covered by
overburden and vegetation it also appears there is a thin veneer of
volcanic rocks overlying portions of the prospective granodiorites.
In locations where prospective geology or alteration was identified
representative samples were collected and submitted for assay.
Areas of anomalous gold and polymetallic mineralization have been
identified with follow up trenching planned. While none of the
samples collected returned ore grade concentrations of gold,
management views the results as highly encouraging given the
anomalous samples were collected from rare areas of outcrop on
surface and empirical evidence indicates the grades at FGM tend to
increase to depth. Two of the most promising areas appear to be the
projected extensions of veins that are currently being mined at
FGM's San Nicholas Mine and an area of extensive hydrothermal
alteration associated with airborne geophysical anomalies. Quartz
vein material and associated alteration have been located north
east of the San Nicholas mine as well as in what appears to be a
parallel structure. The Company is currently designing a mechanised
trenching program to test priority areas of mineralization and
create access for a subsequent drill program Both targets have good
access with the San Nicholas extension being less than 200 meters
from existing roads and the second target associated with the
hydrothermal alteration about 500 meters from existing roads. The
Company is actively seeking permits for trenching and drilling of
these recently defined targets and will begin trenching activities
once permits are in place. Technical information in this news
release has been reviewed by Derrick Strickland, P.Geo., a
qualified person as defined in NI 43-101. SAMARANTA MINING
CORPORATION Per: Volkmar Hable, President Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. For
further information, please contact:
_______________________________________________________________________________________________________________________________________
|Volkmar Hable, President |Barry Girling |
|________________________________________________________|______________________________________________________________________________|
|Tel: 604 641 1210 |604 639 4528 |
|________________________________________________________|______________________________________________________________________________|
|info@samaranta.ca|wbg@malaspinaconsultants.com|
|________________________________________________________|______________________________________________________________________________|
SOURCE Samaranta Mining Corporation Samaranta Mining Corporation
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