Oro Verde Limited (ASX: OVL) – $0.006
22 Apr 2015
Oro Verde Limited (ASX: OVL) has received results from its second phase of reconnaissance sampling at the Topacio Gold Project located in Nicaragua (Figure 1).
Figure 1. Location of Topacio Gold Project
A second phase of reconnaissance rock chip sampling focused on two main areas; the area including the Mico and Topacio North East areas and an area of silica rich outcrops to the south of the tenement area.
Two samples collected from the Mico and Lone Star veins returned assay results of 3.01g/t and 3.24g/t gold consistent with first phase results from the Mico – Topacio resource area.
Seven samples collected from the Su Majestad – Topacio North East – Canada epithermal veins returned assay results ranging from 2.01g/t to 14.1g/t gold.
The latest sampling focused on assessment of the potential for both expansion of the existing gold resource and for additional targets over the broader tenement area.
Strong gold and silver results from outcropping quartz veins to the northeast of the main resource area confirm the continuation of the mineralised system and indicate potential for resource expansion in this area.
For further information, visit www.oroverde.com.au
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