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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) has discovered a new, developing porphyry target within the company’s Quinchia Gold Project in Colombia
  • The prospect, Ceibal, is a substantial gold, copper, and molybdenum geochemistry anomaly, measuring 800 metres by 600 metres
  • Ceibal shares numerous similarities to the project’s Tesorito target, located approximately one kilometre to the northeast
  • Los Cerros has escalated Ceibal to an established target and plans to fast-track its investigation to drill testing this year
  • Despite the discovery, Los Cerros is down 3.12 per cent and trading at 16 cents per share

Los Cerros (LCL) has discovered a new, developing porphyry target within the company’s Quinchia Gold Project in Colombia.

The mining company has recently experienced numerous successes through its exploration activities within the area. Los Cerros’ significant funding and three continuously drilling diamond rigs have revealed high-grade gold zones, potential porphyry systems, and excellent intercepts at the project’s Tesorito and Chuscal targets.

The company has also been conducting a prospect generation program, looking for early-stage targets to supplement its existing prospect pipeline. One of these early-stage prospects, called Ceibal, has got Los Cerros very excited about its potential.

The Ceibal prospect is a substantial gold, copper, and molybdenum near-circular surface soil and rock chip geochemistry anomaly. Ceibal measures approximately 800 metres by 600 metres, and is located roughly one kilometre south-west of the nearby Tesorito target.   

The prospect shares numerous similarities with the project’s Tesorito target, including its location on a bend in the Marmato Fault Corridor. In addition to having surface geochemical anomalies of a comparable size and tenor, Ceibal and Tesorito also have similar outcrops and float of andesites and diorites. 

Los Cerros’ Managing Director, Jason Stirbinskis, commented on the company’s plans for its promising new target at the Quinchia project.

“If a structural geologist was asked to place a pin on where to look for a porphyry, there’s a good probability that pin would sit over Ceibal,” he said.

“That, along with compelling lithological, geophysical, and surface geochemical results so far, is why we’ve advanced Ceibal to ‘established target’ with intentions to fast-track to ‘drill ready’ and to ‘drill testing’ this year,” he added.

Jason also noted that geological mapping and prospecting has not yet been conducted over the entire Quinchia Gold Project area, suggesting that more targets like Ceibal may yet be found in the company’s Colombian tenements.

Despite the discovery, Los Cerros is down 3.12 per cent, trading at 16 cents per share at 11:00 am AEDT.

LCL by the numbers
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