Cambridge Mineral Resources plc: Mina del Sol Project Update
Tuesday, July 3rd, 2007
Cambridge Mineral Resources plc the mining exploration and production company, announces an update of activities at its Mina Del Sol project in Colombia. CMR commenced work on the property in late 2006 and implemented an exploration programme to sample and map the area of historic workings as well as explore for its along dip extensions.
– Drilling campaign underway
– Drillhole ERD-0701 cut 90.0 metres of mineralization with 18.6m @ 5.80g/t gold in addition to further intercepts of lower grade material averaging 90.0m @ 1.46g/t gold
– Additional trenching results
Results to date from trenching and drilling have returned broad intercepts of contiguous gold bearing mineralization within an altered felsic intrusive and in an adjacent silicified shear structure.
Recent trenching across the combined mineralized zone has returned a continuous zone of 70.72m at 1.41g/t gold including a higher grade zone of 13.35m at 4.1g/t gold.
CMR commenced drilling Mine del Sol in April 2007 and here reports results obtained from the first drillhole completed on the prospect. Drillhole ERD-0701 collared in mineralization comprising orientated fine stockwork of pyrite veinlets within an altered granodiorite and was stopped at 93.50m still in similar mineralization.
11.0 to 12.5m 1.5m @ 1.39g/t Au
17.9 to 36.5m 18.6m @ 5.80g/t Au
42.5 to 43.5m 1.0m @ 1.01g/t Au
56.5 to 62.5m 6.0m @ 1.28g/t Au
65.7 to 66.7m 1.0m @ 0.96g/t Au
76.5 to 77.5m 1.0m @ 1.27g/t Au
80.7 to 81.7m 1.0m @ 1.42g/t Au
3.5 to 93.5m 90.0m @ 1.46g/t Au
Colin Andrew, Managing Director of CMR, commented:
“For the first drill hole ever drilled on the project this is an excellent result. We continue to see Mina del Sol as a potential major gold prospect and eagerly await further drill results over the coming weeks and months.”