- 1,181 gpt AgEq1 over 3.1m (846 gpt Ag, 0.8 gpt Au, 2.7% Pb and 6.0% Zn) includes 3,224 gpt AgEq over 1.1m (2,300 gpt Ag, 2.1 gpt Au, 7.6% Pb and 16.3% Zn)
- 1,120 gpt AgEq over 2.7m (931 gpt Ag, 0.1 gpt Au, 1.9% Pb and 4.0% Zn) includes 1,566 gpt AgEq over 1.4m (1,478 gpt Ag, 1.3% Pb and 1.6% Zn)
- 755 gpt AgEq over 3.5m (737 gpt Ag, 0.1 gpt Au, 0.1% Pb and 0.3% Zn)
- 720 gpt AgEq over 4.8m (563 gpt Ag, 0.3 gpt Au, 1.6% Pb and 2.7% Zn)
These drill results highlight continuity of high-grade silver mineralized zones in a 100 m step out from a previously released section of drill hole results at the
The results of the 17 drill holes indicate the possible extension of the San Juan-La Colorada Area towards the
The mineralized veins and hydthermal breccias appear to be proximal to each other in subparallel structures, a feature typical of low sulphidation epithermal systems. The concentration of multiple veins, in combination with increased continuity along strike and down-dip, represents an attractive target for future resource delineation.
_____________________________ |
1AgEq is based on long term gold, silver, zinc and lead prices of |
The Company is advancing the rehabilitation of the historical
Table 1 summarizes the most significant drill assay results for this set of 17 drill holes released for the San Juan-La Colorada Area.
Table 1: Summary Surface Drill Hole Results - News Release
Hole No. | From | To | Drilled | Est. | Ag g/t | Ag g/t | Pb % | Zn % | AgEq |
LRD-28 | 38.9 | 43.7 | 4.8 | 3.8 | 563 | 0.3 | 1.6 | 2.7 | 720 |
LRD-29 | 218.8 | 225.0 | 6.2 | 5.0 | 144 | 0.0 | 0.3 | 0.8 | 177 |
LRD-41 | 37.3 | 39.4 | 2.1 | 1.7 | 42 | 0.2 | 0.8 | 2.4 | 152 |
LRD-59 | 71.2 | 74.3 | 3.1 | 2.5 | 846 | 0.8 | 2.7 | 6.0 | 1,181 |
includes | 71.2 | 72.3 | 1.1 | 0.9 | 2,300 | 2.1 | 7.6 | 16.3 | 3,224 |
LRD-62 | 58.9 | 60.1 | 1.2 | 1.0 | 91 | 0.4 | 3.8 | 5.8 | 425 |
LRD-65 | 50.5 | 51.7 | 1.2 | 1.0 | 178 | 1.3 | 3.9 | 12.5 | 784 |
LR2D-01 | 94.8 | 96.1 | 1.3 | 1.0 | 342 | 0.0 | 1.4 | 1.7 | 438 |
SJS-06 | 245.0 | 249.1 | 4.1 | 3.3 | 335 | 0.1 | 0.1 | 0.2 | 347 |
includes | 248.6 | 249.1 | 0.5 | 0.4 | 2,154 | 0.1 | 0.2 | 0.3 | 2,178 |
251.5 | 252.9 | 1.4 | 1.1 | 110 | 0.1 | 0.1 | 0.1 | 125 | |
SJS-09 | 301.1 | 308.1 | 7.0 | 5.6 | 363 | 0.1 | 0.8 | 1.9 | 457 |
includes | 301.1 | 303.8 | 2.7 | 2.1 | 931 | 0.1 | 1.9 | 4.0 | 1,120 |
includes | 301.1 | 302.5 | 1.4 | 1.1 | 1,478 | na | 1.3 | 1.6 | 1,566 |
SJS-10 | 287.1 | 300.5 | 13.4 | 10.7 | 226 | 0.0 | 0.3 | 0.3 | 247 |
includes | 295.9 | 299.4 | 3.5 | 2.8 | 737 | 0.1 | 0.1 | 0.2 | 755 |
SJS-14 | 339.3 | 347.4 | 8.1 | 6.5 | 16 | 0.3 | 0.9 | 2.8 | 150 |
SJS18-04 | 283.6 | 287.5 | 3.9 | 3.1 | 262 | 0.1 | 0.7 | 2.6 | 366 |
291.5 | 292.3 | 0.8 | 0.7 | 193 | 0.0 | 0.2 | 0.4 | 213 | |
314.4 | 314.8 | 0.4 | 0.3 | 96 | 0.1 | 2.8 | 3.9 | 312 | |
SJS18-13 | 4.3 | 6.5 | 2.2 | 1.7 | 65 | 0.9 | 0.1 | 0.0 | 160 |
23.9 | 24.3 | 0.4 | 0.3 | 158 | 1.1 | 0.2 | 0.4 | 291 | |
SJS-19 | 257.8 | 261.2 | 3.4 | 2.8 | 141 | 0.0 | 0.3 | 0.7 | 171 |
includes | 257.8 | 259.4 | 1.6 | 1.3 | 271 | 0.0 | 0.5 | 1.1 | 318 |
278.8 | 279.9 | 1.1 | 0.9 | 254 | 0.0 | 0.2 | 0.5 | 274 | |
SJS-21 | 221.2 | 223.3 | 2.1 | 1.7 | 105 | 0.6 | 0.3 | 0.4 | 184 |
SJS-25 | 301.6 | 305.2 | 3.6 | 2.9 | 50 | 0.1 | 1.8 | 4.6 | 248 |
includes | 301.6 | 303.4 | 1.8 | 1.5 | 92 | 0.1 | 3.2 | 8.5 | 449 |
SJS-27 | 297.1 | 298.8 | 1.7 | 1.3 | 90 | 0.0 | 0.5 | 1.0 | 135 |
*AgEq is based on long term gold, silver, zinc and lead prices of |
The 17 drill holes in this news release were generated by a core drilling campaign completed by First Majestic Silver Corp. ("First Majestic") in 2018 (SJS18-04 and -13), and historical drill holes completed by Grupo Mexico. Neither of the drill sets were previously released. They are part of an extensive surface and underground diamond core drilling database, which
Table 2 lists the drill hole intervals previously not sampled ("NS") for this group of released holes. The Company continues investigating previous unsampled intervals for evidence of mineralization in the core that warrants additional sampling and assaying. The Company recently announced a core drilling program at the
Additionally, Table 3 provides collar coordinates for the drill holes presented in this news release.
Table 2: San Juan-La Colorada Area - Drill Hole Intervals Not Sampled (Intervals greater than 20m)
Hole No. | From-To (m) | Sampling |
SJS17-13 | 0-173.95 | NS |
SJS17-13 | 191.35-218.5 | NS |
SJS17-13 | 233.55-331.7 | NS |
SJS17-15 | 0-197.9 | NS |
SJS17-15 | 208.25-253.4 | NS |
SJS18-04 | 0-270.75 | NS |
SJS18-04 | 317.95-375.55 | NS |
SJS18-12 | 48.2-82.5 | NS |
SJS18-12 | 113.4-145.0 | NS |
SJS18-13 | 33.0-64.75 | NS |
SJS18-13 | 129.0-186.3 | NS |
SJS18-13 | 191.3-247.5 | NS |
SJS18-13 | 249.6-282.0 | NS |
All numbers are rounded. NS - Core not assayed by First Majestic |
Table 3: Drill Hole Locations – News Release
Hole No. | East (m) | North (m) | RL (m) | Az. | Dip | Depth (m) |
LR2D-01 | 448267 | 2550579 | 925 | 260 | -90 | 192 |
448224 | 2550545 | 910 | 0 | -90 | 44 | |
448361 | 2550615 | 986 | 0 | -90 | 234 | |
448242 | 2550510 | 908 | 0 | -90 | 43 | |
448247 | 2550574 | 918 | 0 | -90 | 81 | |
448262 | 2550514 | 917 | 0 | -90 | 78 | |
448262 | 2550514 | 917 | 262 | -62 | 57 | |
SJS-06 | 448414 | 2550668 | 1025 | 0 | -90 | 291 |
SJS-09 | 448520 | 2550764 | 1013 | 50 | -65 | 333 |
SJS-10 | 448486 | 2550738 | 1032 | 256 | -55 | 321 |
SJS-14 | 448520 | 2550764 | 1013 | 227 | -80 | 352 |
SJS18-04 | 448426 | 2550707 | 1043 | 227 | -80 | 376 |
SJS18-13 | 448517 | 2550752 | 1002 | 220 | -78 | 357 |
SJS-19 | 448402 | 2550653 | 1018 | 326 | -81 | 319 |
SJS-21 | 448402 | 2550652 | 1017 | 317 | -73 | 310 |
SJS-25 | 448458 | 2550693 | 1031 | 207 | -77 | 328 |
SJS-27 | 448516 | 2550721 | 1013 | 225 | -69 | 325 |
All numbers are rounded. |
The Company believes that the San Juan-La Colorada Area is similar to the Plomosas Mine Area, consisting of Ag mineralization hosted in polymetallic hydrothermal breccias and steep angle Ag-Au rich low sulphidation epithermal veins, commonly displaying argentite, galena and sphalerite that can be observed in the drill core .
Qualified Person
The scientific and technical data contained in this News Release related to the
Quality Assurance Program and Quality Control Procedures ("QA/QC")
The recent drill holes completed by First Majestic from 2016 to 2018, followed QA/QC protocols reviewed and validated by
About
PLOMOSAS SILVER PROJECT
The 100%-owned assets include all facilities and infrastructure including: access roads, surface rights agreement, water use permit, 8,000 m of underground workings, water access, 60 km - 33 KV power line, offices, shops, 120-person camp, infirmary, warehouses and assay lab representing approximately
The silver and gold mineralization on this Project display the alteration, textures, mineralogy and deposit geometry characteristics of a low sulphidation epithermal silver-gold-base metal vein/breccia mineralized system. Previous exploration was focused on Pb-Zn-Ag-Au polymetallic shallow mineralization, hosted in NW-SE structures in the vicinity of the Plomosas mine. The E-W portion of the mineralization and extensions for the main N-S Plomosas fault remains under-explored.
SAN MARCIAL PROJECT
San Marcial is a near-surface, high-grade silver-lead-zinc open pit-amenable project.
Plomosas and San Marcial collectively represent a geological setting resembling the multimillion-ounce
OTHER PROJECTS
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Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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