Zacapa Resources Ltd. (TSXV: ZACA | OTCQB: ZACAF | DE: BH0) has provided details of ongoing exploration activities and permitting related to its upcoming drill campaign at its 100% owned South Bullfrog gold project in the Beatty District of Nevada.
“The geochemical results we received are extremely encouraging. We’ve extended the zone of elevated mercury a minimum of 300m northeast of the Longtail outcrop and demonstrated a new correlation between the geochemistry and the pronounced magnetic low at the Longtail target,” comments Adam Melnik, CEO and director.
The company has received drill permits for its Shingleback target and are expected to be received for the Longtail target in February. Furthermore, results received from 893 soil samples demonstrate encouraging correlation between remote sensing anomalies, geophysical anomalies, and geologic interpretation.
The Longtail target area extends at least 300m northeast based on anomalous mercury in soils; correlation between anomalous soil results and magnetic low suggest that an area of concealed hydrothermal alteration may extend for over 1km.
Zacapa has stated that soil sampling has generated a new target at its Bottoms-Up target area where a coherent zone of elevated arsenic coincides with remote sensing anomalies along previously mapped faults.
Analytical results from a Q3 2022 soil sampling campaign at South Bullfrog have been received and analyzed. Zacapa has also received approval from the US Bureau of Land Management for a recently submitted Notice of Intent for proposed drilling activities in the Shingleback target.
“The results add further evidence to support our team’s interpretation that this more than 1km long magnetic low may represent an area of magnetite destructive alteration associated with a significant gold-bearing hydrothermal system concealed beneath shallow cover at Longtail.” Added Adam.
Permitting is underway at Longtail with the requested cultural and biological surveys on track to be completed this week. A response to the Longtail Notice of Intent is expected by mid-February.
To find more, please visit www.zacaparesources.com