Caldera
- 2007 Exploration Program
Maestro has conducted surface mapping and rock chip sampling as well
as compiling all available data from prior work. This was followed
in spring 2007 with a drill program that consisted of 8,885 feet drilled
in 24 reverse circulation drill holes. All the drilling was located
in the northwest portion of the property in the vicinity of previous
good drill intercepts or surface samples.
The drilling intersected numerous narrow to broad zones of low grade
gold and silver mineralization with one high grade intercept. The
best results include 5 feet at 9.03 g/t Au and 163 g/t Ag in hole
CD07-24, 55 feet at 0.644 g/t Au and 10.5 g/t Ag in hole CD07-13,
10 feet of 2.73 g/t Au with 17.7 g/t Ag in hole CD07-02, 20 feet at
0.99 g/t Au and 32 g/t Ag in hole CD07-03, and 20 feet at 0.73 g/t
Au and 19.7 g/t Ag in hole CD07-23. All significant results are tabulated
below.
The drill program did not return as many high grade intervals as was
anticipated. However, it continued to demonstrate the strength of
the system at Caldera, as 48% of the assayed intervals contained at
least 25 ppb gold and 44% contained at least 1 ppm of silver. It should
also be noted that the drilling only tested a small portion of the
property, approximately 10%, and to limited depths: the maximum vertical
penetration was about 500 feet. Numerous highly mineralized areas
remain to be tested on other portions of the property.
Table
1: Caldera Significant Drill Intercepts |