O2Gold Identifies Two New Veins Following Geophysical Surveys
O2Gold Inc (TSXV: OTGO) has finally received the results of its geophysical surveys conducted at its flagship Aurora property, located in Colombia. The results of the program are said to be positive, with the data clearly defining four separate systems on the property.
While the four systems were said to be known to exist on the property, the company was previously unclear on the full extent of their size. In the case of one system, the firm was able to trace a structure to determine it contain a strike length extension of at least 700 metres, in a region with historic artisanal mining.
Also discovered as a result of the survey is two parallel vein structures that are overall similar in length to the central vein. These additional structures are said to be within 100 metres of the central vein.
Previously announced drilling slated for the property will now be utilized on the surveyed vein structures to further define potential mineralization. Grid drilling is to be used on the main structure identified, while scout drilling is to be used to verify thickness and grades of the newly found veins.
O2Gold last traded at $0.24 on the TSX Venture.
Information for this briefing was found via Sedar and O2Gold Inc. The author is currently long the equity. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
One thought on “O2Gold Identifies Two New Veins Following Geophysical Surveys”
This project look interesting – 20km from Gran Colombia’s El Silencio mine.