Thursday, November 26, 2009

More AHC News !




The news machine keeps rolling for Artha as they came out with some very excellent results on their ground exploration program. Hopefully I can help discect it for you into some laymans lingo over the next few posts.

Each of the zones sampled have their own exciting results and is why I was attracted so much to Artha when they first got the option rights. In a nutshell they are finding the indicator minerals that you need to find when hunting for a mineral deposit in the hottest stretch of land in South America.


Key statements:

Phase 1 reconnaissance mapping and sampling program have confirmed the potential for discovery of precious and base metal mineralisation

Noelia Breccia prospect adjoining Pirquitas shows geochemical and geological signatures suggestive of the upper levels of a Au-Ag low sulphidation epithermal system

A broad, 6km by 2km contact zone on the Vallecito property (40km east of Pirquitas) between sediments and dacitic intrusives suggest potential for skarn replacement mineralisation


Results from this first phase work have clearly demonstrated that a number of high priority targets exist with geological, geochemical and structural indications consistent with both low sulphidation Au-Ag epithermal systems and large skarn deposits similar to the Aguilar mine approximately 100km south of Artha's properties


On the Vallecito Property:

The evidence suggests that this might be an IOCG type deposit but also has potential for an iron skarn deposit linked to contact metasomatism.



I will get more into this news over the coming days but this is an important news release for Artha and clearly shows they have multiple hot targets that will keep them busy, and us excited for a long time here. I have stated this before but I haven't been this pumped about a grassroots exploration company in a long time. The potential is clearly showing through now.


Here's the link to the news:


http://www.artharesources.com/s/NewsReleases.asp?ReportID=374006&_Type=News-Releases&_Title=Artha-Announces-Pirquitas-Properties-Update

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