TSX-V: MSR
TORONTO, June 23, 2020 /CNW/ - Minsud Resources
Corp. (TSXV: MSR) ("Minsud" or the "Company") is pleased to
announce the results of the 6 hole, 3,559 meters scout drilling
program completed at the Chinchillones Porphyry and Epithermal
Complex, part of the Chita Valley Project. The exploration survey
was based on the results of the geophysics carried out during
December 2019, where a porphyry and
epithermal anomalies were identified.
The objective was to determine the possible presence, as the
geophysical and conceptual models indicated, of a porphyry-type
system below the Chita Valley and of an epithermal target hosted in
the lithocap cover.
The results of this exploration scout program and the revision
of historical drill results performed in the Chinchillones area,
have provided some intercepts that support the presence at shallow
and at down depth level of a Zn-Pb-Cu-(Ag-Au) polymetallic
epithermal system.
Table 1 below highlights the main mineralized intersections near
the surface and in depth with highly anomalous Au-Ag-Cu-Mo-Pb-Zn.
Two intrusive phases have been recognized, a quartz-diorite, cut by
an inter mineral dacite porphyry, both affected by an intensely,
widespread, quartz sericite alteration. B and D porphyry style
quartz veins forming strong stockwork, are present in both
lithologies.
Drill hole CHDH20-04 intercepts continuous 739.70 m of a diorite porphyry. The diorite
porphyry is cut by polymetallic epithermal veins and hydrothermal
phreatic breccias mineralized with pyrite, chalcopyrite,
sphalerite, galena and tenantite.
Evidences of secondary enrichment is represented by
covelite-digenite in a partial replacement of chalcopyrite. This
mineralized style represents a telescopic sequence of
alteration-mineralization zones, from shallow argillic and
underlying quartz-sericite to deeper chlorite-sericite and minor
remnant potassic of a classic porphyry system type.
Table 1:
Chinchillones Diamond Drilling Program – Summary of Analytical
Results
|
Hole
ID
|
From
|
To
|
Length
|
Au
|
Ag
|
Cu
|
Mo
|
Pb
|
Zn
|
(m)
|
(m)
|
(m)
(*)
|
g/t
|
g/t
|
%
|
ppm
|
ppm
|
ppm
|
CHDH20-01
|
34.00
|
94.00
|
60.00
|
0.04
|
1.05
|
0.16%
|
67
|
62
|
21
|
CHDH20-02
|
16.00
|
45.00
|
29.00
|
0.16
|
15.15
|
0.19%
|
46
|
242
|
604
|
Incl.
|
44.00
|
45.00
|
1.00
|
0.27
|
66
|
0.93%
|
46
|
2030
|
4910
|
|
86.00
|
112.70
|
26.70
|
0.37
|
64.23
|
0.45%
|
69
|
1055
|
2847
|
Incl.
|
98.00
|
100.00
|
2.00
|
1.07
|
262
|
2.16%
|
34
|
2978
|
14050
|
|
44.00
|
220.00
|
176.00
|
0.12
|
16.18
|
0.17%
|
109
|
506
|
1711
|
Incl.
|
52.00
|
160.00
|
108.00
|
0.15
|
21.37
|
0.20%
|
82
|
599
|
2034
|
|
87.00
|
100.00
|
13.00
|
0.42
|
84.28
|
0.64%
|
44
|
1659
|
4300
|
CHDH20-03
|
Intercepts
hydrothermal pyrite halo
|
CHDH20-04
|
16.00
|
44.00
|
28.00
|
0.64
|
73.35
|
0.02%
|
22
|
1068
|
130
|
Incl.
|
32.00
|
40.00
|
8.00
|
0.61
|
154.25
|
0.02%
|
34
|
2061
|
149
|
|
54.00
|
581.50
|
527.50
|
0.09
|
8.49
|
0.09%
|
37
|
1177
|
3243
|
Incl.
|
96.00
|
126.00
|
30.00
|
0.23
|
10.79
|
0.14%
|
54
|
723
|
3081
|
|
260.00
|
406.00
|
146.00
|
0.12
|
12.03
|
0.09%
|
40
|
1969
|
5044
|
|
634.00
|
738.00
|
104.00
|
0.02
|
8.77
|
0.29%
|
202
|
1111
|
3365
|
CHDH20-05
|
154.00
|
174.00
|
20.00
|
0.13
|
9.43
|
0.22%
|
48
|
93
|
1534
|
|
169.70
|
191.00
|
21.30
|
0.21
|
18
|
0.33%
|
37
|
95
|
1325
|
Incl.
|
169.70
|
174.00
|
4.30
|
0.29
|
35.2
|
0.63%
|
20
|
236
|
4721
|
|
178.00
|
191.00
|
13.00
|
0.22
|
17.58
|
0.32%
|
40
|
68
|
540
|
|
360.00
|
364.00
|
4.00
|
0.48
|
4.03
|
0.03%
|
28
|
71
|
558
|
|
581.35
|
582.00
|
0.65
|
0.21
|
9.1
|
2.60%
|
318
|
11
|
347
|
CHDH20-06
|
96.00
|
97.00
|
1.00
|
0.96
|
56.80
|
1.32%
|
6
|
1345
|
4780
|
168.00
|
170.00
|
2.00
|
0.18
|
12.40
|
0.12%
|
6
|
939
|
3520
|
(*) Intervals
reported in the above table are not true thicknesses
|
Historical drilling data in the Chinchillones area is shown in
Table 2 below and it highlights the most significant intersections
of Polymetallic Au-Ag-Cu-Mo-Pb-Zn grades values.
These results support and are indicative of the high potential
of the polymetallic epithermal Au-Ag-Cu-Pb-Zn trend in the
Chinchillones target and its continuity to the East and
Northeast.
Table 2:
Chinchillones historical drilling data
|
Hole
ID
|
From
|
To
|
Length
|
Au
|
Ag
|
Cu
|
Mo
|
Pb
|
Zn
|
(m)
|
(m)
|
(m)
(*)
|
g/t
|
g/t
|
%
|
ppm
|
ppm
|
ppm
|
CHS-11-01
|
70.00
|
74.00
|
4.00
|
0.13
|
12.9
|
0.18%
|
4
|
50
|
218
|
119.00
|
142.00
|
23.00
|
0.02
|
10.12
|
0.20%
|
8
|
671
|
2505
|
151.00
|
168.00
|
17.00
|
0.02
|
19.17
|
0.07%
|
7
|
1444
|
7283
|
CHS-11-03
|
12.00
|
15.00
|
3.00
|
0
|
3.51
|
0.04%
|
5
|
1291
|
3188
|
21.00
|
24.00
|
3.00
|
0
|
4.06
|
0.01%
|
10
|
642
|
1458
|
38.00
|
45.00
|
7.00
|
0.11
|
14.13
|
0.02%
|
6
|
5193
|
13143
|
98.00
|
101.00
|
3.00
|
0.18
|
37.47
|
0.06%
|
3
|
6479
|
8590
|
CHS-11-04
|
15.00
|
21.00
|
6.00
|
0.02
|
16.31
|
0.17%
|
5
|
258
|
340
|
35.00
|
45.00
|
10.00
|
0.02
|
5.62
|
0.04%
|
6
|
504
|
1967
|
57.00
|
72.00
|
15.00
|
0.07
|
30.12
|
0.11%
|
7
|
886
|
4159
|
125.00
|
130.00
|
5.00
|
0.26
|
52.55
|
0.33%
|
3
|
327
|
807
|
135.00
|
168.00
|
33.00
|
0.05
|
13.33
|
0.05%
|
3
|
605
|
2021
|
CHS-11-05
|
81.00
|
104.00
|
23.00
|
0.07
|
8.51
|
0.01%
|
3
|
546
|
5604
|
Incl.
|
100.00
|
102.00
|
2.00
|
0.35
|
41.04
|
0.01%
|
3
|
1135
|
43658
|
|
108.00
|
115.00
|
7.00
|
0.07
|
13.53
|
0.01%
|
4
|
1351
|
4478
|
|
135.00
|
146.00
|
11.00
|
0.13
|
34.5
|
0.02%
|
3
|
4422
|
15187
|
MSA08-A
|
98.00
|
129.00
|
31.00
|
0.01
|
0.41
|
0.11%
|
146
|
14
|
112
|
136.00
|
149.00
|
13.00
|
0
|
0.06
|
0.09%
|
158
|
10
|
131
|
167.00
|
180.00
|
13.00
|
0.03
|
1.66
|
0.09%
|
110
|
32
|
208
|
222.00
|
239.00
|
17.00
|
0.08
|
0.53
|
0.19%
|
101
|
39
|
396
|
264.00
|
276.00
|
12.00
|
0.01
|
0.07
|
0.04%
|
184
|
10
|
118
|
MSA08-C
|
21.00
|
28.00
|
7.00
|
0.01
|
3.24
|
0.76%
|
4
|
365
|
307
|
31.00
|
80.00
|
49.00
|
0.07
|
13.82
|
0.05%
|
16
|
1884
|
6960
|
87.00
|
91.00
|
4.00
|
0.04
|
5.48
|
0.01%
|
6
|
230
|
1210
|
104.00
|
108.00
|
4.00
|
0.16
|
94.08
|
0.24%
|
6
|
4204
|
5225
|
127.00
|
133.00
|
6.00
|
0.18
|
90.01
|
0.27%
|
5
|
1126
|
2017
|
141.00
|
215.00
|
74.00
|
0.11
|
43.83
|
0.13%
|
8
|
2565
|
10286
|
240.00
|
279.00
|
39.00
|
0.02
|
5.74
|
0.02%
|
6
|
1289
|
4116
|
C-96-01
|
14.00
|
22.00
|
8.00
|
0.1
|
5.75
|
0.00%
|
No data
|
1784
|
61
|
66.00
|
78.00
|
12.00
|
0.11
|
9.52
|
0.35%
|
No data
|
1292
|
2557
|
126.00
|
142.00
|
16.00
|
0.09
|
11.36
|
0.08%
|
No data
|
1465
|
7763
|
C-96-02
|
56.00
|
74.00
|
18.00
|
0.07
|
4.07
|
0.03%
|
No data
|
882
|
2547
|
Incl.
|
56.00
|
60.00
|
4.00
|
0.2
|
12.7
|
0.10%
|
No data
|
3113
|
7230
|
|
108.00
|
120.00
|
12.00
|
0.09
|
4.52
|
0.02%
|
No data
|
635
|
2503
|
C-96-03
|
110.00
|
120.00
|
10.00
|
0.21
|
6.24
|
0.65%
|
No data
|
146
|
250
|
C-96-04
|
32.00
|
94.00
|
62.00
|
0.05
|
4.39
|
0.01%
|
No data
|
907
|
2354
|
144.00
|
170.00
|
26.00
|
0.21
|
13.38
|
0.10%
|
No data
|
1707
|
6656
|
Incl.
|
160.00
|
164.00
|
4.00
|
0.75
|
49.8
|
0.53%
|
No data
|
5808
|
15056
|
(*) Intervals
reported in the above table are not true thicknesses
|
Conceptual Geological Model at Chinchillones
The Map 1 below, displays the extension of the polymetallic
veins system (in red lines) open to the East and Northeast
configuring a namely "Linked Area" between Chinchillones and Chita
porphyry target that highlights untested porphyry systems and
epithermal polymetallic veins associated.
This recent fieldwork also highlights the potential for a
porphyry and epithermal system at shallow depths and suggests the
presence of a long-lived mineralization system open to the East and
linked with the Chita Porphyry, located 2 km to the East.
As cooling of the intrusive complex progressed at Chinchillones,
the structural and chemical character of the mineralizing
environment changed largely in response to the inflow of meteoric
water, represented by near vertical presence of type D veins and
phreatic breccia.
With continued cooling, upper and peripheral zones of late
alteration process and mineralization progressively collapsed
inward and downward over zones of early mineralization, penetrating
deeper along continuous vein structures (East-West structural
system) as it is seen at the north and south border of the Chita
valley.
In the last stages, an acid hot-spring system was established in
the upper portions of the deposit (Phreatic Breccia at
Chinchillones). Finally, a relatively minor intrusion of late
dacite dikes into this hot-spring system caused brecciation and
mineralization. This sequence can be observed in drill hole
CHDH20-02, where banded quartz veins with anomalous values of Au-Ag
have been identified.
Map 2 shows the relationship, along the East-West Chita Valley,
of West Chinchillones Project, Central link area project and the
outcropping Chita Porphyry to the East.
Quality Assurance/Quality Control
Diamond drill core was sampled as half core at two meters
intervals and check samples were submitted to the ALS Minerals
Laboratory in Mendoza, Argentina
for preparation and analysis. ALS is certified to ISO-9001
international standards. All samples were analyzed for Au by fire
assay/ AA finish, 50 plus a 33-element ICP scan. Minsud has
followed all industry standard procedures for the work with a
quality assurance/quality control (QA/QC) program including the
systematic utilization of certified reference materials, blanks,
field duplicates and check assays. Field duplicates, standards and
blanks were included with all sample shipments to the principal
laboratory.
Minsud's VP-Exploration, Dr. Mario
Alfaro, conducted site visits and detected no significant
QA/QC issues during review of the data. Mr. Mario Alfaro, Professional Geoscientist and a
geological consultant, is a qualified person as defined by Canadian
National Instrument 43-101. Mr. Alfaro visited the property and has
read and approved the contents of this release.
About Minsud Resources Corp.
Minsud is a mineral exploration company focused on exploring its
flagship Chita Valley Cu-Mo- Au-Ag Project, in the Province of San
Juan, Argentina. On March 26, 2018, Minsud filed a National
Instrument 43-101 ("NI 43-101") Technical Report and updated
Mineral Resource Estimate on the Chita South Porphyry Deposit. The
Mineral Resource Estimate considers copper as a primary
consideration along with molybdenum, gold and silver
mineralization. The latest estimate includes Indicated Resources of
33.02 million tonnes at a grade of 0.43% Cu, 0.07 g/t Au. 2.28 g/t
Ag and 0.018% Mo and Inferred Resources of 8.59 million tonnes at a
grade of 0.40% Cu, 0.07 g/t Au. 1.73 g/t Ag and 0.016% Mo.
The Company also holds a 100% owned portfolio of selected early
stage prospects, including 6,000 ha in Santa Cruz Province, Argentina.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:
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Forward-looking information is necessarily based upon a number of
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subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
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dollar); changes in national and local government, legislation,
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operating or technical difficulties in connection with exploration
and development activities; risks and hazards associated with the
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employee relations; relationships with and claims by local
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exploration and development, including the risks of obtaining
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April 27, 2011. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
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forward-looking-information contained in this news release is given
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SOURCE Minsud Resources Corp.