The Cerro Tango property is an early-stage gold prospect
located in western Honduras approximately 45 km ESE from the Guatemala border and 35 km NE
from the El Salvador border in Ocotepeque Department. The property is held 100% by Quest
International and consists of one concession encompassing 28 sq km. The village of Belen
Gualcho (3,000 pop.) lies near the center of the concession. Access from the large
industrial city of San Pedro Sula is good via 175 km of two-lane paved highway and then
becomes fair via 34.4 km of dirt road. The property is in hilly terrain with elevations
ranging from 1300 to 2100 m above sea level. Vehicle access on the property is good.
The
target at Cerro Tango is a high-level, epithermal "hot springs" gold-silver
system occurring as disseminated and/or structurally controlled mineralization hosted in
altered Tertiary volcanics. Chalcedonic and opaline "sinter", vuggy quartz veins
with pyrite, and explosion breccias are locally present. Alteration consists of widespread
argillization and local silicification. The old Durazno antimony prospect is on the
property and consists of a breccia pipe (?) containing massive to semi-massive stibnite
and brecciated and pyritized stockworks. Local saprolite is a major encumbrance to
geologic mapping. Bulk-sediment (pan concentrate) sampling, soil sampling, and rock-chip
sampling have identified anomalous pathfinder elements of As, Sb, and Hg; Au and Ag are
enriched in soils. Four angle core holes were drilled by Quest in 1996 in which two holes
hit the "edge" of a hydrothermal system with encouraging pathfinder elements: Hg
1-20 ppm; As >200 ppm; Ag 14-32 ppm.
Greenstone's San Andres gold deposit (1 MM oz mineable + 1 MM oz resource) is
approximately 35.3 km northwest of Cerro Tango and is a high-level, epithermal
quartzcarbonate-adularia system consisting of veins, stockworks, and dissemations hosted
in Cretaceous-Tertiary sedimentary and volcanic rocks.
Quest is seeking a partner to conduct aditional field work to further identify and
prioritize drill targets. This work would include photogeologic interpretation, geologic
mapping and sampling, and exploration trenching. A modest drilling program would follow.
Geology Summary:
Formal designation of formations is uncertain. Possibly Padre
Miguel Group and/or Matagalpa volcanic series. Geology is poorly exposed due to saprolite
and vegeta tion. Good roadcut exposures. Glassy dacite/vitrophyre, airfall tuffs, rhyolite
domes. Strong argillic alteration with local silicification. Steep,conical hills yield
float containing brecciated, veined, sulfidized, and silicified rock. Property needs
geologic mapping.
Geochemistry Summary:
Bulk-Sediment: 47 samples; 12 samples with detectable Au w/ a
high of 510 ppb. Soil Samples: 387 samples; 77 samples with detectable Au >20 ppb Au w/
high of 300 ppb Au. Rock-Chips: 112 samples; 55 samples w/ detectable Au >20 ppb with
high of 1200 ppb Au. Silver ranged from 0.05 to 55 ppm Ag.
Geophysics Summary:
None
Drilling Summary:
Four angle core holes drilled in 1996 for a total of 726.5 m.
Spilt drill core and drill logs are available. Holes CT-96-1 and CT-96-2 hit the
"edge" of a hydrothermal system with encouraging pathfinder elements: Hg 1-20
ppm; As>200 ppm; Ag 14-32 ppm. Core is in Honduras.
Reserves Summary
No resources have been identified to date.
Other:
Quest maintains an exploration office in San Pedro Sula with a
bilingual Honduran exploration manager with a degree in geology from the Colorado School
of Mines. A property visit can be easily arranged. There is an international airport in
San Pedro Sula which is serviced daily by American and Continental Airlines.
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