Junior Miner Pops on Review of B.C. Property
Tuesday, December 3, 2019
Vancouver-based San Marco Resources Inc. (TSX-Venture:SMN) enjoyed sharply higher prices Tuesday for its shares, after announcing that the historical data review is nearing completion on the Buck gold/silver/zinc property near Houston, B.C.
This database, which represents several millions of dollars of exploration work by previous property owners over the past 75 years, is proving to be invaluable in defining new drill targets.
Mineralized volcanic breccia-hosted near-surface historical drill intercepts have been identified over an area of approximately 0.5 km,including: 30.75 metres at 2.70 grams per ton ("g/t") gold within 143.33 m at 0.75 g/t gold; 27.43 m at 2.74 g/t gold within 91.4 m at 0.93 g/t gold; 12.19 m at 2.58 g/t gold within 170.68 m at 0.61 g/t gold. Shares took on a penny approaching noon Tuesday, or 9.5%, to 11.5 cents, though volume was a mere 5,000 shares.
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