Vancouver, British Columbia -- Artha Resources Corporation (TSX.V: AHC) is pleased to announce the discovery of a large system of precious and base metal mineralization at the Ivan Alberto prospect on the Vallecito Property in NE Argentina. The highly anomalous values indicated in assays received last week, coupled with the geological continuity and scale of the mineralization, imply potential for a meaningful discovery of a substantial pollymetallic mulit-vein system. Mineralization has been encountered over a total strike length of 4km and over a width of more than 1.5km. The Vallecito Property is a new discovery that has never been previously sampled or drill tested.
The Ivano Alberto target is located 55 km to the west of the town of Abrapampa in the Province of Jujuy, and 41 km to the east of the Pirquitas Mine. This exciting new discovery was made during a follow-up program completed in mid July after reconnaissance work, completed in December 2009, indentified prospective targets in the area. During recent work, 386 samples were taken from mineralized structures and alteration zones and results show values as high as;
6 g/t Au; 50g/t Ag; 0.4 % Cu; 0.4% Pb; 11% Zn;
Assays are still pending for approximately 100 samples. Approximately 25-30% of assays received are considered anomalous in gold, silver, copper, lead and zinc. Highly anomalous results are hundreds of times background levels for all five key metals previously mentioned. See geochemical maps attached for gold, silver, copper, lead and zinc distributions.
Based on field observations and preliminary analysis Artha's geologists interpret that there is a large polymetallic vein system hosted in Ordovician rocks consisting of six main mineralized quartz vein sets with stock-working of quartz veinlets and sulphide mineralization between them. The main veins range in width from 0.4 to 2m and appear to be semi-continuous for almost 4km in strike length in a north-east/south-west orientation which is consistent with known large scale mineralization in the region. The mineralized and altered system has a width of over 1.5km with a more intensely altered and mineralized centre extending for 600m in width.
The principal alteration is a moderate to strong intermediate argillic, which occurs as a halo surrounding the main vein system. This alteration consists of quartz veinlets, clays, sericite, pyrite, and iron-oxides replacing feldspar, ferromagnesian minerals and plagioclase. The sulphide mineralization occurs mainly in veins, with chalcopyrite, sphalerite, galena, chalcocite observed in hand specimens with quartz, iron-oxides, manganese-oxides, calcite and barite as gangue.
Charles Straw, B.Sc., is the qualified person under NI 43-101 responsible for the technical information in this news release.
About Artha
Artha was founded by a team of mining industry professionals with a proven track record in project generation, exploration, mining and finance. The Company's principle exploration target adjoins Silver Standards Pirquitas Mine, one of the largest primary silver mines in the world located in the province of Jujuy in NW Argentina. Artha is one of the largest mineral explorers in this region with over 900 square kilometers of properties prospective for silver, gold, base metals and rare earths.
Property map
Geochemistry Plots
Vallecito Ag Click to Enlarge |
Vallecito Au Click to Enlarge |
Vallecito Pb Click to Enlarge |
Vallecito Cu Click to Enlarge |
Vallecito Zn Click to Enlarge |
On Behalf of the Board of Directors,
"Todd McMurray"
President
For Information Contact:
Todd McMurray
President, Director
Tel: 1 604 648 1530
Email:
Carey Lotz
BK Consulting
1-888-648-6242
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