Bastion Minerals (ASX:BMO) launches first drilling program at Capote – The Market Herald

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  • Bastion Minerals (BMO) launches its first diamond drilling program in the Capote mining district of Chile
  • Two diamond drill holes were drilled in the area, targeting underground gold bearing veins at Yayito and Colo Colo
  • The 5,000 meter drill program tested the shallow surface expression of several high grade gold vein systems, as well as the potential for large scale gold systems with extensive gold anomalies.
  • Assay results for these initial drill holes are expected within six weeks
  • Bastion Minerals ended the day at 14 cents

Bastion Minerals (BMO) has launched its first diamond drilling program in the Capote mining district in Chile.

Bastion Minerals is an exploration company focused on the discovery of high-grade precious and base metal deposits in the mineral-rich Atacama region of Chile.

Two diamond drill holes have been drilled in the area, which would target the underground expression of outcropping gold veins at Yayito and Colo Colo.

Near term targets also include Filomena Vein, Paulino Vein, Resurgimiento and San Juan.

The 5,000 meter drill program tested the shallow surface expression of several high grade gold vein systems, as well as the potential for large scale gold systems with extensive gold anomalies.

Bastion Executive Chairman Ross Landles said Bastion is very pleased to have commenced the first ever drilling program on the Capote Gold Project.

“The objective of this program is to identify project targets most likely to provide mineable widths and grades to focus future drilling,” said Ross Landles.

“Our sole objective is to discover multi-million ounce gold deposits in locations with clear development paths in the prolific mineral province of Atacama.”

Assay results from these initial drill holes are expected within six weeks.

Bastion Minerals ended the day at 14 cents per share.

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