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Iron Creek Defines Significant Gold And Silver Anomalies From A Talus-Fines Sampling Survey At Its Exploradora Project, Northern Chile

The Exploradora Property has potential for low-sulphidation precious metals quartz veins. Veins of this type outcrop in historic trenches in the Portezuelo area on the eastern margins of the Exploradora district pluton, and further veins outcrop in historic trenches and small workings in the Ladera area further to the southwest. An extensive area of epithermal quartz vein float blocks, on moderate slopes covered by talus deposits, lies between Portezuelo and Ladera - a distance of about 5km.

The property is easily accessed by a good quality dirt road from the Pan American highway and is located at moderate Andean altitudes of < 4,000m with modest slopes. The Exploradora Properties have recently been expanded and now cover more than 5,000 hectares.

Previous work by Iron Creek includes detailed geological mapping of the property and limited rock-chip sampling of outcropping veins yielding values up to 3.45g/t Au and 480g/t Ag. More recent work, reported here, comprises a detailed sampling grid of talus-fines totalling approximately 2,000 samples on a 100m x 25m grid covering a key part of the Portezuelo area at the northeast end of the property.

Exploradora Soil Sampling Program

Talus deposits obscure extensive areas around the southern and eastern margins of the Exploradora plutonic igneous complex, an area almost entirely covered by the property under option. A first phase of talus fines sampling to test the methodology was carried out on the eastern margins of the Exploradora plutonic complex, in an area named Portezuelo. Just over 2,000 sieved samples (-10 mesh) of talus fines were collected every 25m over an area of approximately 2.5km x 3.0km on east-west oriented lines spaced 100m apart. The sample lines were designed to cross known structures, with most of these being oriented northwest-southeast. A large part of the prospective trend, centred on Ladera to the southwest of Portezuelo, remains to be sampled by future surveys.

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