Saturday, November 21, 2009
AHC News - Part 2
One other area that must be noted from the news release is the Pirquitas South Prospect for the shear fact alone that it contains the same geology as the Pirquitas mine. As stated in the news :
The Pirquitas South Prospect is a stockwork system in the same Ordovician sediments that host the Pirquitas Mine. The stockwork sits within the intersection of a NW and NE structural system and contains a hydrothermally altered zone with moderate to strong argillic alteration and veinlets of quartz and iron oxides. The size of the main alteration halo is approximately 1.6km x 1.4 km with two smaller halos mapped to the south and south west.
That is a second target zone with a phenomenal size of prospective land both within 2.5 and 5 KM respectively from the center of Silver Standard's mine. I'm not sure of any other junior trading at 20 cents that is this close to such a major deposit with this many prime drill targets and experienced management capable of hitting paydirt.
From the company's PR they also state they will be carrying out some areo magnetic testing in the new year which will help zero in on more precise drill targets. I also expect to see some sort of ground sampling results in the coming weeks. Optomism is abundant here as they also state they expect to find more exploration targets in the coming months next to one of the worlds largest open pit mines.
If you have missed my previous post, you should do yourself a favor and check out Silver Standard's website and view the video with the 3-D look at the Pirquitas mine to really grasp the enormity and how close Artha is to this beast.
http://www.silverstandard.com/projects/pirquitas-mine.htm
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