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Los Cerros (ASX:LCL) - Managing Director, Jason Stirbinskis
Managing Director, Jason Stirbinskis
Source: Wembley Primary School
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  • Los Cerros (LCL) finds further gold intercepts at the Tesorito Gold Porphyry, which is part of its Quinchia Gold Project in Colombia
  • Drilling the porphyry has shown very broad widths of gold mineralisation, with the best intersection of 440 metres from surface
  • All holes are carrying what is considered to be high-grade gold for a porphyry style deposit
  • Los Cerros has five diamond drill rigs at Quinchia, including a recently arrived rig capable of drilling 1000+ metres holes
  • As the market opened this morning, Los Cerros was in the grey and trading at 13 cents per share

Los Cerros (LCL) has found further gold intercepts at the Tesorito Gold Porphyry, which is part of its Quinchia Gold Project in Risaralda, Colombia.

Drilling at the porphyry has shown very broad widths of gold mineralisation, with the best intersection of 440 metres from the surface.

Importantly, all holes are carrying what is considered to be high-grade gold for a porphyry-style deposit.

“The combination of high-grade starting from surface and very broad zones of mineralisation has potential to improve mining economics,” the company explained.

Drilling has grown the scale of the porphyry with extensive mineralisation intercepted over very broad widths, including 65.3 metres at one gram per tonne (g/t) of gold from 2.3 metres.

Mineralisation remains open in a southerly direction and additional drilling in the area is currently underway.

Los Cerros has five diamond drill rigs at Quinchia, including a recently arrived rig capable of drilling beyond 1000 metres. The new rig is drilling in the recently identified central geophysics target between Tesorito and Miraflores.

The other four rigs are focused on defining the boundaries of the Tesorito Gold Porphyry plus infill drilling ahead of a maiden JORC mineral resource estimate, which is expected in the first half of 2022.

Just as the market opens this morning, Los Cerros was in the grey and trading at 13 cents per share at 10:01 am AEDT.

LCL by the numbers
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