More great news coming out of Canadian junior gold companies in general and AGORACOM 100 clients in particular. Today, Nayarit Gold announced significant gold intersections. As the company’s IR firm we can’t use many more adjectives but the results are definitely worthy of review. For your convenience, we’ve included some highlights below:
- Nayarit Gold intersects 31.08 metres of 10.5 g/t gold and 333 g/t silver, or 16 g/t gold equivalent, or 960 g/t silver equivalent
- Additional intersection of 8.7 metres of 11.7 g/t gold and 1,304 g/t silver, or 33.4 g/t gold equivalent, or 2,006 g/t silver equivalent
Flagship Property
The Orion Project lies in the Sierra Madre Occidental, a prolific mining district in northern Mexico. The project hosts a series of old high-grade silver and gold mines, all of which lie in an east-west vein system. This vein system may be an unrecognized bonanza silver-gold district, similar to other Ag-Au bonanza epithermal vein districts of Western Mexico, such as Tayoltita District. Early results from Phase I drilling on the Animas Vein are pointing to bonanza potential. These types of mineral systems can extend for considerable distances and up to 1000 metres depth.
- Completed $10m financing – (July/08)
- Phase II Drill Program in progress
- 30,000m of drilling by Q1/09
- Targeting resource calculation in Q1/09 and scoping study in Q2/09
Great gold company, thanks for the intro…keep it up