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A Melbourne exploration company will step-up its fledgling gold-silver hunt in one of the most southern but mineral-rich provinces in the world – Argentina’s Santa Cruz.

Addressing guests at the Paydirt 2019 Latin America Downunder mining conference in Perth, E2 Metals Managing Director Todd Williams said the company recognised it was operating in the shadow of gold giants.

“These holdings now amount to an 80 per cent interest across 90,000 hectares of the Deseado Massif gold and silver province. This covers the Corona, Sierra Morena, Angostura and Conserrat projects,” Mr Williams said.

“The region’s world-class deposits are held by majors such as Anglogold, Goldcorp, and Yamana so we are in well credentialed company.

“But it is now time to lift the momentum.”

One of the first schedules will be maiden drilling in the 2H of this year on Conserrat, which Mr Williams said was the first mover opportunity in a mature mining district, one where there has been no prior systematic exploration.

“Our target hosts four kilometres of untested gold-silver veins including high grade targets directly upstream from Anglogold Ashanti’s mining operations,” he said.

“Rock sampling there has identified returns of 7.46 g/t gold and 7510 grams per tonne silver from multiple high grade epithermal veins.”

The Company completed first drilling in April at the Sierra Morena prospect, with results still pending. An expanded work program is currently under consideration.

The Corono project has been land banked for the past 10 years but there was no drilling prior to that period even though it is just 30kms from the +8 million ounce Cerro Negro gold project. The immediate work focus will be to generate drill targets.

Image: Getty Images.

 



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