Geologist examining Ni/Cu/Py gossans at San LuisMarifil geologist on high-grade gold zone at the Amarillo copper-gold porphyry target, bench runs14 m @ 66 g/t gold

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JV Partner: Nova Gold Resources

Target

Epithermal Gold-Silver plus high grade indium in del Indio vein; disseminated gold in silicified breccias. Zinc, lead and other base metal mineralization intercepts.

NI43 101 Report
No report completed to date.

Joint Venture Terms

Comments
Ore targets are high grade gold-silver deposits in epithermal veins and disseminated in Jurassic volcanics. Marifil Mines Ltd. has the right to earn a 100% interest (see Marifil news release dated June 18, 2007) in the 70,046 hectare San Roque project, where strong mineralization has been found within a structural corridor at least 10 kms wide and 20 kms long.

Business / Work Plan
NovaGld has a Phase 2 drilling program in progress.

Drilling Objectives
  • To expand the extensive and open-ended zones of high-grade indium (In), gold (Au) and/or base metals, particularly zinc (Zn) and lead (Pb) previously identified by drilling in the Del Indio zone (now called the Zone 33 Area.
  • To complete initial drilling on a number of newly identified areas that surface geochemical sampling, and a new IP (geophysics) study show to be prospective for similar base metal/indium mineralization.

Phase 1 Drilling highlights:
  • 120.0 meters grading 3.06 g/t gold equivalent (Drill hole MSR-0009)
  • 144.5 meters grading 1.73 g/t gold equivalent (Drill hole MSR-0013)



Hectares
70,046

Report
Introductory Field Review Report (PDF, 608 kb)


Maps
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Photos
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