BeckerProspective for: 'Bonanza-style' Gold & Silver Veins
The 20 sq km Becker property is located 250 km south of Santiago and 40 km west of the city of Talca.
Pinestar Gold Inc. had an option to earn a 51% interest by completing $600,000 in cumulative exploration work, paying $175,000 cash, and issuing 400,000 Pinestar shares to Condor prior to June 29, 2011. Subsequent to June 29, 2011, Pinestar breached their agreement with the Company; in August 2013 the Company gave notice to Pinestar that Pinestar was in breach of its agreement. Pinestar failed to remedy the breach, and accordingly the Company is of the opinion that Pinestar have forfeited any interest in the Becker project.
Pinestar completed a 1,683 metre, 18 hole, drill program on the Becker property between February and June 2011. Drilling activity focussed on the northern part of the concessions, known as the Guindos area. Drill results included 3.1 m of 3.9 g/t Au near surface (BK11-13), and 4.6m of 3.3g/t Au plus 9.9 g/t Ag (BK11-03) at 16m depth. Channel sampling at Guindos returned peak values of 8.3 g/t Au and 9.1 g/t Au over 2.5 and 6.0m respectively. The main target on the Becker claims is the Las Lajuelas area in the southern part of the concessions, which remains to be drill tested.
Previous regional exploration by a Canadian junior resource company in 1995 led to the discovery of a 1500 by 1200 m zone within which were found a significant number of quartz vein fragments and boulders up to 4 m in diameter. Follow-up work at the time included backhoe trenching and encountered six quartz veins with strike lengths of up to 350 m and widths varying from 0.5 to 7 m. Sampling at that time returned highly anomalous gold values along the entire vein lengths, with peak values of 23.5, 37.2, 40.7, 63.5, 70.0 and 79.0 g/t Au. There are currently 11 known veins recorded, all of which are open for extension along strike and at depth. Known as the Las Lajuelas area, this target has never been drill tested.