Cerro Negro Gold Project
San Marcos
San Marcos is located north of the Mariana targets with a northwest-trending breccia vein and an east-west splay off the breccia vein. The north-west trending breccia vein crops out for about 200 meters and is developed at the faulted contact between andesite and ignimbrite. The east-west vein splay is exposed over 250 meters. Pegasus Gold International had drilled an RC hole into each of these structures during the 1990’s. Both holes intersected the structures, with 3 meters of 3.65 g/t Au in the east-west vein and 2 meters of 2.64 g/t Au in the breccia vein.
The Company plans to continue drilling the San Marcos target during 2010.