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Minsud Details Results of Phase 2 Drilling Program at Chita Valley Project in Argentina

· 02/05/2021 09:46

02:30 PM EST, 02/05/2021 (MT Newswires) -- Minsud Resources (MSR.V) on Friday said it completed a second phase drilling program at its Chita Valley project in Argentina, which targeted the Chita and Chinchillones porphyry targets.

The company said best results from the 5,818-meter program included 129 meters containing 0.02 grams per tonne of gold, 9.69 grams per tonne of silver, 0.05% copper, with molybdenum, lead and zinc content, at the Chinchillones target and 56 meters testing at 0.02 gpt of gold, 0.64 gpt of silver, 0.09% copper and lead, zinc and molybdenum measured in the parts per million at Chita.

Minsud said it expects to begin a third phase of exploration drilling later this year.

The company's shares last traded Feb.3, closing at C$0.08 on the TSX Venture Exchange.

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