One of the trenches exposed a 1.3 m thick, well developed, strongly to completely oxidized, dark to brick red iron oxide zone immediately below a thin cover of eolian sand. The new exposure is interpreted to represent a potential iron cap to a high grade copper mineralized vein, similar to that documented on the Descubridora I and Veta Gruesa Centre occurrences. As such, it will require further work to develop and evaluate it as a candidate for a possible drift. Such work will be undertaken at a later date, when sufficient heavy equipment is available to support potential underground development in this area.Finally, observations made in exposures from recent excavations are interpreted to tentatively confirm the interpretation that near surface carbonate veins (in particular, siderite and/or ankerite – iron carbonate veins) may represent the high level equivalent of deeper, high grade copper mineralized veins. Excavations at both Sierra de la Gloria and at the west end of the surface expression of the Veta Gruesa, as well as several instances noted in outcrop, identified high grade copper inclusions and/or nodules within and/or along the margins of several separate and distinct siderite / ankerite veins.
Swingplane Ventures, Inc.: Additional Development On The Algarrobo Property
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