Drilling Intersects 8.9 m of 9.41 g/t Au & 34.15 g/t Ag at Lupita Extension
San Martin exploration drilling expands high grade zone with:- 1.4 m of 15.80 g/t Au & 69.00 g/t Ag (L19-457D)
- 4.6 m of 10.03 g/t Au & 57.65 g/t Ag (L19-496D)
- Ongoing delineation program at Lupita Extension - highlights:
- 8.9 m of 9.41 g/t Au & 34.15 g/t Ag (L19-488D)
- 3.6 m of 7.96 g/t Au & 31.69 g/t Ag (L19-480D)
"Our Lupita Extension and
Table 1 – Highlight True Width Intercepts from | |||||||
Hole ID | Target | From | To | Length | True Width m | Au | Ag g/t |
LUPITA EXTENSION | |||||||
L19-461D | Lupita Extension | 144.0 | 148.2 | 4.2 | 4.0 | 4.07 | 35.41 |
L19-464D | Lupita Extension | 129.0 | 131.1 | 2.1 | 2.1 | 6.09 | 58.52 |
L19-466D | Lupita Extension | 148.2 | 152.6 | 4.4 | 4.3 | 3.33 | 38.80 |
L19-468D | Lupita Extension | 143.5 | 150.0 | 6.5 | 4.9 | 5.09 | 55.89 |
L19-474D | Lupita Extension | 180.0 | 182.2 | 2.2 | 1.9 | 3.47 | 36.50 |
L19-475D | Lupita Extension | 119.7 | 123.6 | 3.8 | 3.8 | 5.30 | 40.44 |
L19-478D | Lupita Extension | 144.7 | 151.5 | 6.8 | 5.5 | 3.23 | 63.71 |
L19-479D | Lupita Extension | 169.3 | 172.3 | 3.1 | 2.8 | 5.52 | 61.64 |
L19-480D | Lupita Extension | 136.3 | 139.8 | 3.6 | 3.6 | 7.96 | 31.69 |
L19-481D | Lupita Extension | 132.0 | 138.0 | 6.0 | 6.0 | 4.25 | 43.28 |
L19-482D | Lupita Extension | 203.6 | 206.0 | 2.4 | 2.4 | 3.18 | 36.80 |
L19-483D | Lupita Extension | 137.0 | 139.2 | 2.2 | 2.2 | 6.33 | 42.45 |
L19-486D | Lupita Extension | 112.3 | 115.8 | 3.5 | 3.0 | 8.40 | 36.49 |
L19-488D | Lupita Extension | 125.9 | 135.0 | 9.1 | 8.9 | 9.41 | 34.15 |
L19-490D | Lupita Extension | 112.1 | 116.8 | 4.7 | 1.8 | 6.93 | 22.56 |
L19-491D | Lupita Extension | 165.0 | 168.6 | 3.6 | 3.0 | 4.69 | 72.52 |
L19-492D | Lupita Extension | 162.5 | 164.9 | 2.3 | 2.1 | 9.91 | 80.70 |
L19-494D | Lupita Extension | 205.0 | 207.0 | 2.0 | 1.7 | 6.62 | 52.00 |
L19-495D | Lupita Extension | 198.8 | 201.3 | 2.6 | 2.5 | 10.78 | 55.90 |
L19-498D | Lupita Extension | 217.7 | 221.0 | 3.3 | 3.2 | 3.30 | 18.46 |
L19-457D | 216.7 | 218.2 | 1.5 | 1.4 | 15.80 | 69.00 | |
L19-496D | 208.3 | 212.9 | 4.6 | 4.6 | 10.03 | 57.65 |
Lupita Extension
The Lupita discovery outcrop hosts a 3 m wide silicified vein of typical low-sulphidation epithermal textures and diagnostic green quartz. The Lupita Extension drill program was designed to expand the Lupita resource to the west. After a successful Phase 1 program of 18 drill holes with a 60 m spacing, Phase 2 started in
The Phase 2 drill program at Lupita Extension continues to delineate high grade areas and successfully expand mineralization 300 m to the west, where it remains open for expansion. The delineation program completed a total of 87 drillholes, of which 17 still have assays pending.
Based on drilling to-date, the average true width of Lupita Extension is approximately 2.9 m grading 5.56 g/t Au. Minimum mining widths in the Lupita area in 2020 are expected to be reduced from 4 m to 3 m, minimizing dilution in future mining at Lupita Extension. Development to access the Lupita Extension, which is displaying grades well in excess of the current reserve grade at Mercedes, is planned for H1-2020.
Although these new results increase the high-grade discovery of
Table 2 - Collar coordinates | |||||||
UTM | Project | Hole ID | North | East | Elevation | Azimuth | Dip |
Nad 27 zone 12 | Mercedes | L19-457D | 551064 | 3360034 | 1214 | 110 | -68 |
Mercedes | L19-461D | 551414 | 3360080 | 1251 | 172 | -46 | |
Mercedes | L19-464D | 551459 | 3360068 | 1253 | 130 | -64 | |
Mercedes | L19-466D | 551414 | 3360080 | 1251 | 172 | -54 | |
Mercedes | L19-468D | 551457 | 3360065 | 1253 | 140 | -75 | |
Mercedes | L19-474D | 551413 | 3360080 | 1251 | 178 | -71 | |
Mercedes | L19-475D | 551457 | 3360068 | 1253 | 167 | -50 | |
Mercedes | L19-478D | 551456 | 3360066 | 1253 | 176 | -74 | |
Mercedes | L19-479D | 551413 | 3360079 | 1252 | 183 | -63 | |
Mercedes | L19-480D | 551376 | 3359946 | 1305 | 079 | -71 | |
Mercedes | L19-481D | 551455 | 3360066 | 1253 | 185 | -60 | |
Mercedes | L19-482D | 551411 | 3360079 | 1251 | 198 | -75 | |
Mercedes | L19-483D | 551504 | 3360075 | 1262 | 135 | -63 | |
Mercedes | L19-486D | 551465 | 3359941 | 1303 | 029 | -80 | |
Mercedes | L19-488D | 551503 | 3360074 | 1262 | 171 | -52 | |
Mercedes | L19-490D | 551463 | 3359942 | 1303 | 290 | -82 | |
Mercedes | L19-491D | 551473 | 3360117 | 1252 | 139 | -71 | |
Mercedes | L19-492D | 551472 | 3360116 | 1251 | 162 | -68 | |
Mercedes | L19-494D | 551447 | 3360144 | 1245 | 158 | -72 | |
Mercedes | L19-495D | 551295 | 3360079 | 1247 | 135 | -48 | |
Mercedes | L19-496D | 551050 | 3359978 | 1215 | 171 | -76 | |
Mercedes | L19-498D | 551444 | 3360144 | 1245 | 184 | -73 |
Julie-Anaïs Debreil, Ph.D.,
This Press Release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of gold and currency exchange rates, mineral resource and mineral reserve estimates and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks inherent to the mining industry, adverse economic and market developments and the risks identified in Premier's annual information form under the heading "Risk Factors". There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Premier disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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