Developing The Highly Acclaimed Coringa Property in Brazil

High Grade Gold Of 28.80 g/t Au, with 95.50 g/t Ag, 3.51% Pb and 0.66% Zn Intersected over 1.0 m at Coringa

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Message: NEWS - Chapleau Resources Drilling Demonstrates Potential for Major Copper-Gold Porphyry at La Yegua, Peru

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Re: NEWS - Chapleau Resources Drilling Demonstrates Potential for Major Copper-G

in response to NEWS - Chapleau Resources Drilling Demonstrates Potential for Major Copper-Gold Porphyry at La Yegua, Peru by AGORACOM

posted on Feb 20, 08 10:51AM

A fairly decent release. The grades don't set the world on fire but are typical of phase 1 drilling. Chapleau has a good idea where to start drilling, but they obviously don't know where the sweet spot is yet; its just to early. The main thing is Au-Cu was found, however, moly was absent.

Once they poke around a little, the grades should get better. A least some zones should good mineralization: 2.25 % Cu and 0.57 g/t Au from 63.0 to 65.0 m with 1.0 m of 4.04 % Cu and 1.00 g/t Au from 64.0 to 65.0 m. Long way to go but these results look good for an initial foray underground.

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