Minera IRL Limited TSX:IRL announced assays from its Pan de Azucar Prospect in Patagonia, Argentina. Highlights include 5.1 g/t gold over 1.1 metres, 5.81 g/t over 3.3 metres (including 15.5 g/t over 0.7 metres), 2.61 g/t over 1 metre, 2.89 g/t over 1.3 metres, 3.51 g/t over 2 metres, 3.37 g/t over 15.7 metres, 3.48 g/t over 5 metres, 5.68 g/t over 0.9 metres, 21.5 g/t over 0.4 metres and 2.67 g/t over 2 metres.
Executive Chairman Courtney Chamberlain stated, “Drilling at Pan de Azucar has been the first step of a major program to explore the Chispas Vein Field and we have learned a great deal. It is now quite clear from the geochemistry and vein textures observed in the drill samples, that the Pan de Azucar vein has been more deeply eroded than the other Chispas area veins which outcrop within a few kilometres. These veins have many occurrences of lattice bladed textures characteristic of the upper zones of a low sulphidation epithermal system. As a result, there is every indication that these veins are largely preserved and, supported by many elevated gold values from surface sampling, up to 22 g/t, provide excellent targets for drilling during 2011.”
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by Ted Niles