Fabled Silver Gold Corp. announces additional results from underground diamond drilling of the increased 1,400-meter underground drill program on the “Santa Maria” Property in Parral, Mexico.
“The El Favor East zone is truly developing into a significant discovery in Los Ricos North,” said Brad Langille, President and CEO. “We are currently drilling 900 metres to the east of the original discovery hole 48, and we are seeing what appears to be strong mineralization. These results and other pending results may impact on the upcoming initial resource for Los Ricos North.”
“The fourth drill hole (SJ-21-04) is ongoing at a depth which is now in excess of 922 m. This drill hole is located towards the center of the company’s claim group. The detection of chalcopyrite, and some other copper minerals, in veinlets is encouraging as we move through a contact metamorphic environment towards the intrusive source. Also, we observe that the dimensions of the new gold zone first identified earlier this year continue to extend significantly within company claims,” Stated Christopher Berlet, President and CEO of Canuc.
Pete Dougherty, President and CEO stated: “The acquisition of these strategic mineral concessions wrap up the San Agustin district for Argonaut, more than quadrupling our mineral tenure to 5,884 hectares and vastly increasing our exploration potential. As part of the acquisition, we have also acquired four, key mineral concessions immediately adjacent to the San Agustin pit which will allow operations to further expand the open pit, increase mineral reserves and extend mine life.”
Kootenay President and CEO, James McDonald states, “This is a very exciting hit in hole 103 being the best drill hole to date. It indicates the high grades in holes 30 and 60 have continuity and show a vector in which to follow and expand this very high-grade zone. This certainly bolsters our confidence that the JZ area is another area on the property where high grade resource may be put together.”
Riverside’s President and CEO, John-Mark Staude: “We are excited to complete the acquisition of multiple key pieces of the project area at La Union, including the historic mines of Famosa and Plomito. Riverside is moving forward with growing projects, and generating exploration results at our properties, which continue to demonstrate the value of applying the Riverside property database and local team knowledge to capture and progress excellent mineral projects. The next steps for the La Union district will consist of field work and geophysics, which are expected to refine drilling targets.”
Fred Davidson, CEO and President of IMPACT comments, “The high grade results at our current producing Guadalupe mine is a testament of our geological team’s understanding of mineralization and potential of the area.”
“Once again our team in Mexico led by Country Manager Mark Malfair has done a terrific job in steering us through the La Joya drill permitting process,” said Mike Romanik, president of Silver Dollar. “We are cashed-up and eager to restart exploration drilling for the first time in over seven years.”
Fabled Silver Gold Corp. is pleased to announce additional results from underground diamond drilling of the 1,200 meter underground drill program on the “Santa Maria” Property in Parral, Mexico.
GR Silver Mining President and CEO, Marcio Fonseca commented “The release of results from the IP and magnetic survey has already provided valuable information for the current underground drill program aimed at expanding the San Marcial resource. Together with the new district-scale geologic surface mapping and sampling campaigns, and a better understanding of the structural control of faults and mineralized structures, the new geophysical data provides new targets to build our project pipeline within the Plomosas Project.”
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