Bastion Minerals provides exploration update

Highlights

• High-grade rock-chip samples received from recent sampling programme at Capote:
  • Maximum gold value of 22.9 g/t gold (Au) (average 1 g/t Au).
  • Maximum copper value of 2.75% copper (Cu) (average 0.36% Cu).
• Final environmental approval is now in the review stage to be granted.
• Maiden 5000 m drilling campaign to commence as soon as permit is granted.

Bastion’s Executive Chairman, Ross Landles, commented: “These new rock-chips provide a significant reminder of the grade potential of the Capote System. While high-grade gold is our primary focus, copper-gold results add multi-commodity blue sky to the project. We are very pleased to be counting down the days until the final government approval is completed and will drill immediately following.”

Surface geochemistry

45 rock-chip samples have been collected during the past months during detailed mapping exercises, aimed at understanding the size and orientation of mineralised veins at surface.

• The average gold grade of the 45 samples is 1 g/t with a maximum of 22.9 g/t Au.
• The average copper value of these samples is 0.36% Cu with a maximum of 2.75% Cu.

These rock-chips highlight the multi-commodity potential of the Capote District, with potential for not only high-grade gold deposits, but iron oxide copper-gold (IOCG) deposits. As the gold potential of the district is focused on, Bastion Minerals will work up copper-gold targets in parallel.

Next steps

The final preparation stages of the company’s maiden drilling programme are currently underway. Drilling is aimed at expanding gold mineralisation around the known historical deposits at Yayito and Resurgimiento veins and testing several new greenfield target areas.

The company will undertake an approximately 5000 m diamond drilling programme, with a focus on testing the shallow surface expression of multiple vein systems where high-grade gold has been returned from recent rock-chip campaigns. Drill hole locations are being designed and regulatory and environmental approvals process have commenced.

Read the article online at: https://www.globalminingreview.com/exploration-development/01042022/bastion-minerals-provides-exploration-update/