A Melbourne exploration company barely two years listed on the ASX is to step-up its fledgling gold-silver hunt in one of the most southern but richest mineralised provinces in the world – Argentina’s Santa Cruz.
|E2 Metals controls a unique mix of highly prospective but underexplored ground along trend from the largest gold|
E2 Metals’ Managing Director, Mr Todd Williams, said the Company recognised only too well it was operating in the shadow of gold giants.
In the past two years, however, it has garnered and begun to progress a large and unique portfolio of walk-up drill targets across four gold-silver projects within Santa Cruz.
“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,” he said.
“But it is now time to lift the momentum.”
One of the first schedules will be maiden drilling in the second half of this year on Conserrat, which is a first mover opportunity in a mature mining district but 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.
“Rock sampling there has identified returns of 7.46 g/t gold and 7510 grams per tonne silver from multiple high-grade epithermal veins.”
In April, the Company completed first drilling on the Sierra Morena prospect, with results pending. An expanded work program is 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 30 kilometres from the +8 million-ounce Cerro Negro gold project. The immediate work focus will be to generate drill targets.
*Article published in the July-September 2019 issue of The Asia Miner