Subsequent outcrop sampling returned very encouraging grades of up to 60g/t Au and numerous copper samples grading +1%, Figure 4. The Company recently completed a channel sampling programme with results expected to guide drill hole planning and future exploration.
Managements view is that the Piedra Iman project represents an outcropping IOCG target and is a high priority project. The presence of high grade mineralisation on surface combined with encouraging widths of Cu mineralisation reported from historic drilling and underground channel sampling suggests the potential for a significant IOCG deposit exists. The Company is in the process of obtaining the necessary drilling permits and anticipates completing a maiden drill programme in 2017-18. Access to the underground adit will also be obtained providing further valuable geological information.