Colorado Initiates Drilling at KSP in BC’s Golden Trianagle

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By peterc on July 23, 2018. No Comments

Colorado Resources Ltd. (“Colorado” or the “Company”) (TSXV – CXO) is pleased to announce initiation of diamond drilling at its 100% owned KSP property located in British Columbia’s prolific Golden Triangle region. As previously announced on June 6, 2018, diamond drilling on the 308 sq. km KSP Property will follow-up on multiple previously identified targets. The initial priorities of a planned 4,500 m program include:

  • Big Rock Deformation Zone. Colorado’s 2016 drill program produced Drill Hole INDDH16-29, which returned a 5 m interval grading 11.5 g/t Au (assays capped at 31 g/t Au). Our 2018 program will systematically expand upon this intercept in search of high-grade gold mineralization along strike and down dip.
  • Inel Zinc Zone. Colorado’s 2017 exploration drilling tested a significant surface anomaly in this area. Drill Hole INDDH17-075 discovered a 10 m interval grading 21.38% Zn with 0.96 g/t Au associated with volcanogenic massive sulphide (VMS) mineralization which will now be traced along strike.
  • The A-J Zone. Chip sampling previously reported by Colorado Resources produced 31g/t Au over 2 m, and grab samples assaying up to 95.1 g/t Au. A-J represents a gold-rich skarn hosted in pillowed andesite with intercalated marble. Historical geophysical surveys define a north-south linear magnetic low and IP chargeability high associated with the mineralization.

Additional results for Colorado’s 2016 and 2017 exploration and drilling programs can be found at www.coloradoresources.com.

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