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Inomin files report on La Gitana gold-silver project

Published by , Editor
Global Mining Review,

Inomin Mines Inc. has announced the filing of a technical report, in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101), for its La Gitana Gold-Silver property in Mexico.

The La Gitana gold-silver property is located in Oaxaca State in southern Mexico. The property is situated within the Oaxaca Gold-Silver Belt, a major northwest trending regional structure hosting several operating precious metals mines and prospects, including: Gold Resource’s Arista and Mirador gold-silver mines, and Fortuna Silver’s San Jose gold-silver mine.

La Gitana is an advanced, gold-silver exploration project where exploration, including surface mapping, surface rock sampling, IP-resistivity geophysics, as well as diamond drilling, has delineated a substantial near-surface, low-sulfidation, epithermal gold-silver mineral system. The gold-silver mineralisation is open to expansion to the southeast and at depth from drill-tested areas.

Previous drilling programs at La Gitana in 2004 – 2006 by Chesapeake Gold Corp., intersected gold-silver mineralisation in a core zone 400 to 500 m long, 50 to 150 m wide, and 50 to 300 m depth, with grades ranging from 0.25 to 27.8 g/t gold and 5 to 2330 g/t silver.

Gold and silver mineralisation are found in high-grade shoots in northwest trending, sub-vertical structures, and as low-grade disseminations within broad zones of quartz stockworks and breccias. The main structure has been traced for more than 1.4 km up to 300 m wide and a vertical extension of approximately 400 m. Structures dip steeply between 70° and 90°. Gold and silver are present as electrum and acanthite within epithermal quartz veins.

A second less developed zone is located approximately 300 m south of the main zone, as defined by soil geochemistry, channel sampling, and minimal drill testing. Mineralisation also appears open laterally: to the east surface veins have not been drill tested; to the west is an untested overburden covered area.

According to a recent Inomin company statement, the technical report authors believe that sufficient exploration has been completed at La Gitana to confirm the existence of a gold-silver deposit. A two phase exploration program including drilling has been recommended at La Gitana to determine the scope of the mineralisation and complete a preliminary resource calculation.

Initial communication with the local community has reportedly been encouraging, and the company is looking forward to continuing to build a positive working relationship with all stakeholders.

John Gomez, President of Inomin, comments:

“La Gitana provides the opportunity to define and develop a substantial gold-silver deposit. We look forward to advancing the project to create significant benefits for all stakeholders.”

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