Results received from seven new holes with best results of: o 4.4m@ 760.3g/t silver, including 1.05m @ 2,510 g/t silver Refinement of geological model suggests potential for an IOCG system. Structural targets identified from aerial geophysical survey correspond with numerous gossans and hematite-rich breccias with rock chips up to 23.9g/t gold, 0.4% Copper, 41% Iron, 0.0125% Uranium, >1% Cobalt and 0.6% Nickel.
Cascavel Gold Exploration Program is Advancing
24-tonne gold bulk sample currently being processed at nearby pilot plant: Sample contains significant visible gold. Further drilling results confirm the high-grade nature of the system with two assays of 1-2m recording grades of 35.1g/t gold (from 20m) and 18.7g/t gold (from 51m). Some of these holes were coincidental to the gold exploration program, taken from holes drilled to test for silver, but which also intersected gold mineralisation. Assays awaited for six holes completed recently in preparation for excavation of the decline.
More High Grade Gold results in Brasil and a perfectly executed strategy by TRF. A story which appears to be growing every day. Gold could be going back towards $1600-$1800 shortly with a new round of US Fed Stimulus likely. We await further news as bargain hunters gain exposure to Gold stocks.
GLTA Arlberg1
TRF Price at posting:
12.5¢ Sentiment: LT Buy Disclosure: Held
