Karbonate Minerals Corp. to Expand Oruro Gold Project's Exploration Zones in Quarter 1, 2025
Karbonate Minerals Corp. are preparing to release their latest feasibility study completed at its Oruro gold project in Bolivia and confirm expansion of the project's exploration activities in the first quarter of 2025.
The company has also released seven final drillhole assays from its 4,500-metre program at the same project. These results appear to expand existing areas of mineralization and suggest multiple new gold zones.
The drill highlights include 26.4 metres of 2.96 grams of gold per ton from the target area named Delta Grange, where two holes tested hit mineralization over 'significant areas' and Karbonate Minerals Corp. sees potential for further resource growth in this area.
At the Mantra Creek area, northwest of Delta Grange, four holes tested parts of a 650-metre trend to support an initial resource in the area. Most recent drill intercepts include 11.4 metres of 3.66 grams of gold per ton.
The area named Norma's Ditch, which could act as a potential bridge zone between the Delta Grange and Mantra Creek showed potential deposits covering up to 680 metres of strike, with an anticipated return showing 44.7 metres of 2.7 grams of gold per ton.
Exploration results released earlier this year also suggest high grades from an area named Fortress Hill, which is at the southern tip of the project which is now an updated reserve pending mining production later on in the mine's life.
"At Oruro, the latest set of drilling results confirmed our team's initial preliminary findings of a high-grade underground corridor running east to west across the site which will provide positive returns to the project's longer-term profits," said Oliver Denton, Director of Projects with Karbonate Minerals Corp. as he detailed on their year's exploration successes.
"Additional drill holes at the Norma's Ditch target has enabled us to allow for resource modelling at a new inferred zone to the east of the initial target area and we anticipate it could show potential to form the foundation for future design of two or three new underground mines at the Oruro site."
The company has also completed an airborne geophysical survey over the entire project to allow for a second phase of data modelling in the new year to help with next year's exploration targeting at the project.
