Tara Gold Resources and Lateegra Gold have announced results from a phase one drill program at El Picacho in Mexico.
The program consisted of 14 drill holes totalling 2,569 metres that were used to confirm historic data derived from previous drill holes.
Results from the drilling included 6.13 meters grading 4.73 grams per tonne of gold, 9.43 meters grading 7.80 grams per tonne, and 11.28 meters grading 15.57 grams per tonne.
"This first phase drilling and the data collected have really helped our team better understand the nature of the El Picacho structure," said Chris Verrico, chief executive of Tara Gold.
"We are now aware of the plunging, high grade ore zones within the El Picacho structure and will be targeting some of these ore shoots in our second phase drill program."
The Picacho Gold Mine is located in the Northern Sierra Madre gold belt.