PAIV:Elementos geophysics delineates new gold targets at Manantiales in Argentina
Elementos (ASX: ELT) continues to unlock the potential at the Manantiales project in Argentina, with a new two kilometre long target identified.
The new target, Manantial Este, is similar to the Manantial vein which outcrops one kilometre to the west.
Elementos said subsequent mapping encountered outcrops of discrete quartz veining on surface within predominantly talus cover.
Initial rock chip sampling of these veins returned anomalous values between 0.5 and 2.4 grams per tonne gold, with the company already planning drilling to test the system at depth.
Adding to the potential of the target, the interpreted strike length of the Manantial vein system has been extended to 1.8 kilometres.
The prospectivity of the San Juan Province
The San Juan Province where Elementos is operating remains highly prospective with several major mines in the area.
Barrick Gold's (NYSE: ABX) 12 million gold ounce Veladero mine is located to the north, with the Yamana Gold (NYSE: AUY) 2.9 million gold ounce Gualcamayo to the north-east, and the Antofagasta (LON: ANTO) 69.9 billion pound copper Los Pelambres mine to the west.
Adjacent to Manantiales is the Troy Resources (ASX: TRY) Casposo mine, which has a resource of 0.4 million gold ounces and 17 million silver ounces.
Manantiales covers 97 square kilometres, with supporting regional infrastructure.
