We are very excited to have a second access at the Mirador and that mine development finally intercepted this wide, high-grade vein, stated Mr. Jason Reid, President and CEO of Gold Resource . To cut a face with ruby silver grading close to a kilo over six meters is exciting. Feeding that ore now to the mill is even better. A small portion of our Oaxaca Mining Units 2019 silver production is targeted from the Mirador Mine; however, if these grades and vein widths remain for an extended period of time, the Mirador Mine could play a larger role in our 2019 production results.
Hole 22 exhibits our best zinc and lead values to date. commented Ruben Padilla, Vice President of Exploration for Sable. We are very happy to have identified a new vein in the hanging wall of the margarita structure with this hole.
Riversides President and CEO, John-Mark Staude, stated: The Sandy Project was a project the Company staked over a prospective area known to us from our past work in Sonora. We are pleased with the results from our first pass on the Sandy Project. Gold appears associated with large structures, intrusions and is an exciting potential step in the geologic deposit modeling for Sonora. We plan to follow up these positive results with some mapping and more sampling in 2019.
J. Duane Poliquin, Chairman of Azucar commented, We are pushing on with our comprehensive two year intensive drill program at the El Cobre project. The results so far have shown that the property hosts multiple porphyry centres over a five kilometre strike. We look forward to reporting drill results as the program continues.
Reconnaissance exploration recently completed at the Mecatona Property was successful in the discovery of a previously unknown silver, copper, gold zone hosted in pervasive skarn-altered Lower Cretaceous turbidites of the Mezcalera Group. Silver, copper, gold and anomalous cobalt mineralization is distributed in a 200 by 400 meter zone with apparent uniformity. Highlights of the program include 51 samples (29 chips averaging 1 meter in length, 17 grabs and 5 dump) taken across the new zone returning silver values averaging 110 gpt with a high of 486 gpt silver. Additional highlights of all samples taken within the mineralized zone include 12 of 51 samples grading > 100 gpt silver with 86% returning values greater than 20 gpt silver.
We are enthusiastic to have Craig leading the geologic team at Pino de Plata, stated Karl Boltz, CEO of Silver Spruce. He is a top-notch geologist and has extensive experience running successful exploration programs in remote locations. Dr. Gibson will be on site to determine the best drill collar locations and orientations for the upcoming drill program to maximize the potential success of the program. This is an important and low cost step to prudently prepare for the expensive drilling activities, slated to commence later this spring.
With intercepts of over 48m of multi-ounce values, near surface, these infill holes build our confidence in the continuity, grade and overall potential at Margarita, commented Ruben Padilla, Vice President of Exploration for Sable.
The Phase II sampling at Las Margaritas is demonstrating excellent continuity of gold mineralization along strike, stated Gainey CEO, David Coburn. This is allowing the field team to focus on the most prospective areas in order to begin generating drill targets. While there are several artisanal mine workings along the vein system, it has never been drilled and we look forward to testing the vertical continuity of the gold mineralization.