Zincore Metals Inc announced assay results from DOL-11,the first hole drilled under JV with First Quantum Minerals formed to explore the Company's 100%owned Dolores copper and molybdenum porphyry property located in the prolific Yauri Andahuaylas copper district in southern Peru.Two additional holes,DOL-12 and DOL-13,have also been completed and the Company expects to have those assay results in the coming weeks.
Mr Jorge Benavides president&CEO of Zincore said that"We continue to hit interesting copper and molybdenum mineralization at Dolores as we search for what we believe is the high grade center of a very large copper and molybdenum system located within a prolific mining area.We are encouraged by the results from DOL-11 as the amount of stockwork veining,and strong alteration associated with mineralization is what one wants to see when seeking to define a large copper porphyry system.Hole DOL-11 intersected favorable values of copper and molybdenum cutting porphyry diorite with moderate silicification and some zones of hydrothermal breccias."
Mr Benavides said that"It is important to remember that we are in the very early stages at Dolores.We expect to learn much more about this system in the coming weeks when we receive the assay results for Holes DOL-12,located at the southern extent of drilling to date and DOL-13,located at the northern extent.Both are long holes and as determined by a visual inspection of drill core,have intersected mineralization.In particular it appears DOL-12 has intercepted mineralization to a depth of at least 650 meters.Given that holes DOL-12 and DOL-13 are located 2.5 kilometers apart and mineralization is known to occur over parts of this area for 1.5 kilometers in an east and west direction we are dealing with a very large area and have much work to do.With this in mind,we are looking forward to receiving in the coming weeks reports on our recently completed geophysical and geochemistry work.By combining all of this information we believe we will be able to hone our next drill targets as we search for the higher grade areas of Dolores."
