NICARAGUA – GLENCAIRN GOLD of Toronto reports the Victoria zone, discovered in August at its Limon mine, has returned drill core assays of 16.5 g/t Au over 36 metres from hole 3235. This is the farthest west hole on the zone and the widest vein intercept ever encountered in the 63-year mining history of the property.
"It is almost three times the grade of our reserves, and although we don’t yet know the true width, this drill intercept is nearly 10 times as wide as what we are mining now,” said Glencairn president (and former CMJ editor) Kerry Knoll.
The Victoria zone is located on the west to southwest projection of the Talavera mine trend. This trend correlates with a ridge of silicification and clay alteration that indicates at least 1,000 metres of exploration potential beyond the mine area. The Victoria zone discovery lies on the northern flank of this ridge of alteration, at its eastern end, and clearly demonstrates the prospectivity of this trend.
The Limon mine has been in continuous production since 1941, producing almost 3 million oz of gold. During that time ore has been extracted from three distinct zones or vein systems, each zone producing about 1.0 million oz. Talavera, where current mining operations produce about 1,000 tonnes/day, is 4.5 km west of the Limon mill. The average grade of current mineral reserves at Talavera is 6.1 g/t Au.
Further details are available at www.GlencairnGold.com.