Centenario Gold Reports High-Grade Copper at Los Reyes Project in Mexico, Advancing Toward Drill Program
Centenario Gold Corp. announced promising copper mineralization from initial underground sampling at its Los Reyes Project in Chihuahua, Mexico, setting the stage for a planned 1,500-meter drill program in July.
Centenario Gold Corp. (TSXV: CTG) has completed the first phase of exploration at its Los Reyes Project in Chihuahua, Mexico, revealing high-grade copper mineralization in underground workings that could signal a significant expansion of known deposits. The company reported that sampling of historic mine tunnels and surface outcrops along a granodiorite-limestone contact zone has identified copper-rich skarn zones with potential for substantial strike and depth extensions.
The Los Reyes Project, located 225 km south of Chihuahua City near Highway 49, consists of two mineral claims covering 45.3 hectares. The El Rey claim, where most of the old workings are situated, was historically mined by ASARCO in the late 1800s to early 1900s, with records indicating approximately 200,000 tons of copper-zinc-silver material were extracted. The current exploration program focused on areas previously unsampled systematically, collecting 58 rock samples from surface outcrops, waste dumps, and underground tunnels at the Tuesda and Jibosa mines.
According to the company, mineralization occurs sporadically for over 800 meters along the north-south trending contact, with altered zones up to 120 meters wide. The copper-rich mineralization includes chalcopyrite, bornite, malachite, azurite, and chalcocite within irregular lenses up to 60 meters wide. Some previously mined zones extended more than 125 meters in length. Underground sampling at Tuesda revealed a mineralized zone up to 20 meters thick, while at Jibosa, the thickness did not exceed 15 meters. Higher sulfide content is expected further north of the Tuesda shaft, with magnetite and specularite fragments found in old dumps suggesting additional copper-gold skarn potential.
The results of the 58 rock samples, analyzed by ALS Chemex in Mexico using fire assay for gold and acid digestion for 34 other elements, are expected by mid-June. The company plans to release the assay data promptly to refine drill targets for a proposed 1,500-meter drill program scheduled to begin in July. The drilling will test down-dip extensions greater than 50 meters below surface near the Jibosa and Tuesda shafts.
“This initial phase has provided valuable geochemical information that will help us better understand the controls and distribution of mineralization,” the company stated. The project is surrounded by ground controlled by Peñoles, one of Mexico’s largest mining companies, underscoring the district’s mineral potential.
Derrick Strickland, an independent Qualified Person under NI 43-101, has reviewed and approved the technical disclosure. Centenario Gold Corp., based in Vancouver, Canada, is focused on acquiring and developing high-potential gold, copper, and silver projects in the Americas. Further information is available on the company’s website at www.centenariogold.com.
The company cautions that forward-looking statements involve risks and uncertainties, including metal price volatility and operational risks, which could cause actual results to differ materially.