Junior roundup: Everton, Linear Gold, Lithium One, Kootenay, Galway, Excellon
Ottawa-based Everton Resources (TSX-V: EVR) reported that recent drilling with partner Linear Gold (TSX: LRR) at the Lechosa prospect of their Ampliación Pueblo Viejo property in the Dominican Republic returned 15m grading 1.27% copper, 14m of 1.23g/t gold and 22m of 83.7g/t silver in separate holes.
The phase 2 drilling was carried out in November-December and covered 761m in nine holes. Phase 3 drill work is to begin immediately, Everton said in a statement.
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Vancouverite Lithium One (TSX-V: LI) reported initial results from ongoing sampling at the Sal de Vida lithium brine project in Argentina. Average values from 35 samples were 794mg/l (679ppm) lithium, 9,054mg/l (0.77%) potassium and 1,284mg/l magnesium, the company said in a statement.
Lithium One also reported the start of drilling that aims to test the depth and brine content of the project area, which covers 300km2 of the Hombre Muerto salt flat.
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Step out drilling at Vancouver-based Kootenay Gold's (TSX-V: KTN) Promontorio project in Mexico yielded 3.0m grading 551g/t silver, 0.63g/t gold and 20% lead-zinc at the Ranch EM anomaly, the company said in a statement.
The current step out drill program has covered 4,274m in 13 holes on four prospect areas, Promontorio main pit zone, Ranch EM anomaly, Dorotea and Dorotea Northwest, Kootenay said.
A newly completed 43-101 technical report update recommends that future exploration focus on resource definition and assessing economics at the main pit zone, infill drilling at Dorotea and continued exploration drilling on extensions where mineralization has been shown.
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Torontonian Galway Resources (TSX-V: GWY) reported surface channel and chip sampling at its California gold properties in Colombia has returned 28m of 16.6g/t, 34m of 3.8g/t and 16m of 4.5g/t at the Pie de Gallo area.
Sampling at other parts of the property also showed gold mineralization, including 36m of 2.6g/t. An initial hole has been drilled at Pie de Gallo with results expected in two weeks.
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Toronto-based Excellon Resources (TSX: EXN) has unveiled assays for 13 holes at its Platosa property in Mexico, 10 of which continued the delineation of the 623 Manto identified in July 2009 and indicated it may extend further southeast.
Results included 1.15m grading 3,300g/t silver, 11.8% lead and 0.13% zinc, as well as 1.77m grading 1,470g/t silver, 4.9% lead and 7.3% zinc. The other three holes were drilled at the southwest corner of the NE-1 Manto and extended known mineralization there, including 1.45m of 602g/t silver, 5.27% lead and 14.1% zinc.
Drilling in 2010 will focus on the 623 Manto, areas near the Platosa mine and at the La Zorra area to the west.