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LONDON - Great Southern Copper (NYSE:SCCO) plc (LSE:GSCU), a company engaged in copper-gold exploration in Chile, has announced the initiation of scout diamond drilling at its Viuda Negra prospect within the Especularita project, targeting gold (Au), silver (Ag), and copper (Cu) mineralization.
The company’s initial drilling program consists of 2 to 4 holes, reaching a total depth of up to 500 meters, aimed at exploring outcropping porphyry-epithermal style alteration. Recent surface sampling at the prospect has revealed promising results, with rock chip samples assaying up to 4.2g/t Au, 145g/t Ag, and 0.56% Cu.
Great Southern Copper holds options to own 100% of both the Viuda and Viuda Negra prospects. The Viuda Negra Prospect, located in a coastal metallogenic belt, benefits from excellent access and infrastructure. The discovery of outcropping sheeted and stockworked, banded quartz-magnetite veins is characteristic of Au-rich porphyry systems in Chile.
Sam Garrett, CEO for Great Southern Copper in Chile, expressed excitement about the scout drilling, highlighting the identification of epithermal-porphyry type mineralization with assay grades in rock chips and channel chip samples. He noted the significance of the Maricunga type porphyry gold deposits style, previously unrecognized in Chile’s coastal belt.
The drilling campaign at Viuda Negra will test outcropping ridges of anomalous gold and silver mineralization. The first hole, VNE25-DD001, has reached a depth of 70 meters and is examining sheeted, Maricunga style quartz-magnetite vein alteration. A second hole, VNE25-DD002, is planned to investigate epithermal style alteration with anomalous silver grades.
This announcement was made following a correction to an earlier press release that misstated the silver assay figure, which has now been amended to 145g/t Ag. The company’s exploration activities come at a time when gold and silver prices are at record highs, potentially enhancing the project’s value.
The information in this article is based on a press release statement from Great Southern Copper plc.
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