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Intrepid Minerals Corporation is a Canadian-based exploration company focused on discovery of precious metal mineral deposits in Central and Latin America, and eastern Canada. |
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New Gold Silver Project in El Salvador
AUGUST
28, 2003
Intrepid
Minerals Corporation’s wholly owned subsidiary Triada S.A. de C.V. has
been granted the Cerro Petancol Exploration License in central El
Salvador. Cerro Petancol is a promising gold-silver prospect covering 49.5
km2 of mid-Tertiary aged volcanic rocks having extensive areas of
hydrothermal alteration.
The
License area was explored between 1994 and 1998 by Mirage Resources
Corporation and its subsidiary, Recursos Salvadorenos S.A. The project was
later returned to the Salvadoran government as Mirage and its successor
Kinross focused on other assets in El Salvador.
"Extensive areas of very strong gold-silver potential remain to be evaluated on the Cerro Petancol license" reports Laurence Curtis, Intrepid president. "The untested Cerro Gigante zone is a particularly attractive launching point for a new Salvadoran exploration project by the company." Casposo Gold-Silver Results
JANUARY
17, 2003,
Positive
results continue to derive from Intrepid Minerals Corporation’s (IMC)
Casposo project in San Juan Province, Argentina, where, subject to
completing US$ 600,000 work before July 1st, 2004 and paying certain
royalty payments until the property achieves commercial production, the
company has the right to earn a 100% interest in the project.
The
project was formerly held by Battle Mountain Gold Mining Company and,
subsequently, by Newmont Mining Corporation and encompasses an epithermal
vein system with a three-kilometre strike length
8600
metres of diamond drilling indicate a contained resource of 492,000 ounces
of gold and 6,700,000 ounces of silver.
Bottle
roll tests carried out at the Instituto de Investigaciones Mineras in San
Juan (Faculty of Engineering, University of San Juan) using 250 gram
charges derived from 20 kilogram crushed samples indicate gold recoveries
ranging from 85-94% for minus 80 mesh sub-samples and 91-96% recovery of
gold for minus 150 mesh sub-samples. For silver, recoveries ranged from
70-94% for minus 80 mesh sub-samples and 82-99% for minus 150 mesh
sub-samples.
The
data being collected at Casposo suggest Kamila can be fast-tracked to
feasibility. The next phase will be a 1500 metres diamond drill
verification program, which is scheduled to commence in the next two
weeks.
In
El Salvador Intrepid continues its drilling campaign on the Cerro Colorado
silver-zinc project in conjunction with Apex Silver Mines Limited |
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Intrepid Minerals Corporation, Laurence Curtis, President, CEO, T: (416) 368-4525, F: (416) 368-3859 , Email info@intrepidminerals.com, www.intrepidminerals.com
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