Pediment announces new gold zone in Mexico

Pediment Exploration has announced a "significant new gold zone" in Mexico, which has been named Los Planes.

The discovery of the zone, located in the company's San Antonio project in Baja California Sur, has prompted the approval of a 10,000 meter reverse circulation drill program. Drilling will begin in the first week of July.

The most prominent RC hole discovered in Los Planes featured intersections of 16.5 meters at two grams per tonne of gold, and 40.5 meters at 0.8 grams per tonne of gold.

Pediment's vice-president of exploration, Mel Herdrick, commented: "Los Planes has all the hallmarks of a significant zone that to date has generated drill intersections which are broader and of better quality then those at the historical Las Colinas resource.

"I'm particularly excited to see what happens in this trend as our drill testing approaches the major structural junction to the north. This area has always been a high priority target for us and was the main reason Pediment added the 36,000-hectare Trini concession to surround our existing property."

He added that Los Planes was only the first of several targets that could pave the way for low-cost gold extraction.