(Source: MARKETWIRE)
Valley High Ventures Ltd. ("Valley High") (TSX VENTURE: VHV) is
pleased to report initial drilling results from the recently
completed diamond drill program at the Cordero silver, gold, zinc,
lead, porphyry district located 35 kilometres northeast of Hidalgo
Del Parral, Chihuahua, Mexico. This first phase program included the
drilling of 8 holes, totaling 2,840 metres of HQ core, and was
designed to test five targets within three of the four mineralized
intrusive centers that comprise the Cordero Porphyry Belt. The
exploration target is a bulk-mineable deposit similar to the
Penasquito deposit currently being developed by Goldcorp Inc. Drill
collar information is presented in figure 1 and table 2 below.
The results received to date include compete assays for holes C09-1,
2, 4 and 5 and the top of hole C09-3. Final results for the remainder
of hole C09-3 and holes C09-6, 7 and 8 will be released as soon as
they are received. Significant results were obtained in two separate
zones tested, Pozo De Plata, a diatreme-dyke complex and Cordero
Dome, a volcanic dome complex and results are still pending from the
La Ceniza zone. Summary results are presented below in table 1.
Sample lengths reported are core intervals and true widths are not
known.
Table 1: Summary Drill Results
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From To Length
Hole Zone (m) (m) (m) Ag (g/T) Au (g/T) Zn (%) Pb (%)
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C09-1 Pozo de Plata 0 70 70 29.14 0.08 0.25 0.15
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C09-2 Pozo de Plata 6 88 82 31.74 0.27 0.15 0.23
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C09-3 Cordero Dome 72 92 20 88.34 0.14 1.90 1.69
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C09-3 Cordero Dome 184 192 8 25.38 0.56 1.45 0.31
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C09-4 Pozo de Plata 122 130 8 32.50 0.21 0.62 0.34
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C09-5 Pozo de Plata 92 244 152 80.64 0.61 1.41 1.22
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C09-5 Pozo de Plata 130 202 72 150.16 1.06 2.48 2.27
(incl.)
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The Pozo de Plata target is the southwesterly of four intrusive
centred zones defined on the property. It is in large part covered by
alluvium and there is little evidence of historical exploration work.
Work competed this year has partially outlined a circular target
1,500 metres in diameter defined by soil geochemistry, chargeability
and sporadic outcrops of diatreme breccia and rhyolite and dacite
dykes. Three trenches reported on earlier exposed long intervals of
anomalous silver, zinc and lead with local elevated gold numbers.
Holes C09-1 and C09-2 were drilled near the "Silver Well" showing and
the discovery trench respectively and returned elevated values over
significant widths. Holes C09-4 and C09-5 were drilled beneath
trench.
