
The Viento FrÃo Mineral Exploration Concession is located in the District of Santa Isabel, Colon Province,Panama, approximately 45 kms from the city of Colon. The concession is a multi-gold target consisting of 10,363 hectares (104 square kilometers) of land that is prospective for gold and manganese mineral deposits. |
Overview
The Viento FrÃo Mineral Exploration Concession is located in the District of Santa Isabel, Colon Province, Panama, approximately 45 kilometers from the city of Colon. The concession is a multi-gold target consisting of 10,363 hectares (104 square kilometers) of land that is prospective for gold and manganese mineral deposits. The property was explored by Minera Rayrock between 1999 and 2001. Rayrock collected 1,918 soil samples and drilled 24 shallow holes totaling 1710 meters. Drilling performed by Rayrock in 1990 outlined a near surface gold occurence (not 43 101 compliant) that covered an area of approximately 900 meters north to south approximately 150 meters east to west.
A part of its preliminary investigation of the project a sample assaying 1.5 g/t gold was send to Hazen Research for cyanide testing and after grinding to - 100 mesh cyanide leaching recovered 97% of the gold in 24 hours.
Exploration Work at Viento Frio 2007
A road traverses the gold occurrence area. Bellhaven dug and sampled a 70 meter trench that bordered the south side of the road which traverses the property. Assays showed 38 meters of 0.79 g/t including 20 meters of 1.5 g/t. These results are consistent with the reported Rayrock assays from drilling in the area. A second 70 meter long trench was dug 210 meters to the south of the southern limit of the Rayrock work. Assays from this trench showed 38 meters of 0.95 g/t gold including 20 meters of 1.53 g/t, and 12 meters of 2.14 g/t. This second trench indicates that Rayrock word did not define the limits of the gold occurrence. Further surface sampling, mapping, and geophysical surveys are planed for the project area. In november 2007 Western Troy terminated the joint venture.
Exploration Work in 2008
In may 2008 Bellhaven granted an option agreement to Global Min-Metal (GMM) to explore for and develop manganese targets within the concession. Currently GMM is carrying a sampling and evaluation program over several manganese old mine workings.
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