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| LITS.OB > SEC Filings for LITS.OB > Form 8-K on 2-Jul-2008 | All Recent SEC Filings |
2-Jul-2008
Other Events
On June 30, 2008, Goldrich Mining Company (hereafter "Goldrich") reported initial results of gold analyses for eight of ten drill holes scheduled at the Marisol bulk-tonnage gold prospect in northern Sonora, Mexico. The diamond-core drill holes are part of an effort by the Company to evaluate the grade and continuity of mineralization near a series of old underground workings.
The table below presents the gold values realized from the current drilling program.
DRILL HOLE FROM TO INTERVAL Au g/ Au oz/
(m) (m) meters : (feet) tonne short ton
MAR-1 25.50 28.50 3.0 : (9.84) 3.060 0.098
MAR-1 135.95 139.00 3.05 : (10.0) 0.206 0.007
MAR-2 36.70 42.55 5.85 : (19.19) 0.566 0.018
MAR-3 31.30 42.35 11.05 : (36.25) 1.628 0.052
including: 35.45 40.80 5.35 : (17.55) 2.62 0.084
MAR-4 58.85 64.45 5.6 : (18.37) 3.784 0.122
including: 60.30 63.25 2.95 : (9.68) 5.45 0.175
MAR-4 127.55 133.55 6.0 : (19.69) 0.647 0.021
MAR-5 31.5 39.0 7.5 : (24.61) 1.486 0.048
including: 36.0 37.50 1.5 : (4.92) 4.11 0.132
MAR-5 166.70 173.65 6.95 : (22.80) 0.124 0.004
MAR-6 46.5 52.50 6.0 : (19.69) 0.530 0.017
MAR-6 76.45 83.35 6.9 : (22.64) 0.845 0.027
including: 80.3 81.50 1.20 : (3.94) 3.53 0.114
MAR-6 139.5 157.5 18.0 : (59.06) 0.274 0.009
including: 154.5 156.0 1.5 : (4.92) 2.55 0.082
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MAR-7 Drilled short of target depth; no significant intercepts.
MAR-8 84.0 87.0 3.0 : (9.84) 0.433 0.014 MAR-8 165.0 171.0 6.0 : (19.69) 0.297 0.010
Eight drill holes have been completed to date testing 330 meters (1,080 feet) of strike length along the Marisol structure. The holes were drilled at angles varying from -45° to -90° to assist in determining the dip and potential convergence of two principal mineralized structures.
All drill samples for this program are split in the field and held under appropriate security prior to transport to the ALS-Chemex preparation laboratory in Hermosillo, Sonora. All gold assays are prepared from the split core using 50-gram aliquots and fire assay with AA finish. Silver and 33 other elements are determined by standard ICP analyses. Neither silver nor the base metals (copper/lead/zinc) occur in significant amounts at the Marisol area; however silver and the lead sulfide galena, have been identified in rocks from the La Jarra area.
For additional information, please see the press release, incorporated herein as exhibit 99.1.
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