Fabled Silver Gold Corp. is pleased to announce diamond drilling updates from its upgraded 9,200 meter drill program on the “Santa Maria” Property in Parral, Mexico.
Taj Singh, President and CEO, states: “This current set of holes, drilled in areas where there were significant gaps in previous drilling, confirm the continuity of higher-grade mineralization at depth in the South Corridor. Excellent grades over broad widths were encountered on a consistent basis highlighting the potential for Cordero to emerge as one of the few multigenerational mines in the silver space.”
Hernan Dorado, COO, stated: “We are very pleased with the pace with which we are filling the vital operating positions at this early stage of our ramp-up process. Our ability to readily hire quality people, often graduates of the University of Guanajuato, speaks to the depth of mining experience within the greater Guanajuato community.”
GR Silver Mining VP Exploration, Honza Catchpole commented, “We are excited to commence this new phase of our exploration program after the successful conclusion of the resource drilling at the Plomosas Mine and San Juan Areas. With the mobilization of seven rigs, we can now begin to test new Ag-Au vein targets that we have had our eyes on for some time.”
All construction has now been completed with the full leach pad now lined and available for stacking. First loading of mined material from the Nicho Norte pit commenced earlier this month in preparation for the commissioning of leach operations around the end of June.
Riverside’s President and CEO, John-Mark Staude: “We are on track with BHP moving toward drill testing and continue progressing a strong pipeline of copper properties that have giant scale exploration discovery potential. As properties move along, some will no longer fit for BHP and these become 100% Riverside so over time Riverside’s sole ownership portfolio will also be growing.”
“The gold mineralization was previously thought to be concentrated along a low angle, west dipping shear zone within mainly monzo-diorites, however, we discovered the gold mineralization is situated within a large intrusion hosted, breccia pipe.”
“We believe that our drilling in Los Ricos North not only will define a significant resource, but with exploration at Casados North and the initiation of the drilling program at El Nayar, we look forward to additional exciting discoveries.”
A Phase II drill program is currently in progress with 3,500 meters of reverse circulation drilling in twenty drill holes. Results for four drill holes are included in this release, highlighted by drill hole JES-21-43 which returned 35.1 meters at 0.66 g/t Au and 6 g/t Ag (0.72 g/t AuEq).
The work completed by SGS was a first-pass bench-scale scoping study based on a small bulk sample of historical drill core, being 100 kg. It is the first metallurgical test-work completed at Panuco and demonstrates robust gold, silver, lead and zinc recoveries above 90% are achievable.
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