Americas Gold and Silver Corporation provided an exploration update for its Galena Complex Joint Venture. Galena Complex Update; The Galena JV Management Committee met in June 2022 to review Phase 2 exploration drilling, future exploration targets, the Galena Hoist project and future production plans for the Galena Complex (60% Americas /40% Eric Sprott). The Phase II drill program at the Galena Complex began in late August 2021.
The initial focus was to test the recently discovered Silver Vein extension below the 5500 Level, the deepest level of the mine. To date, the Silver Vein extension has been delineated to over 400 ft below the 5500 Level. As part of the 5500 Level drilling of the Silver Vein extension, the Company successfully intersected the high grade 185 Vein approximately 800 ft below the 5500 Level. Key intercepts from the Silver Vein extension and the 185 Vein include:
Hole 55-196: 780 g/t silver and 1.1% copper (890 g/t silver equivalent) over 1.5 m; Hole 55-199: 1,405 g/t silver and 1.5% copper (1,561 g/t silver equivalent) over 1.8 m; Hole 55-200: 1,593 g/t Ag, 0.2% Pb and 0.9% Cu (1,690 g/t silver equivalent) over 0.7 m; including: 3,220 g/t Ag, 0.4% Pb and 1.7% Cu (3,410 g/t silver equivalent) over 0.2 m; Hole 55-216: 4,010 g/t silver and 3.9% copper (4,420 g/t silver equivalent) over 1.2 m; Hole 55-217: 1,460 g/t silver and 1.3% copper (1,594 g/t silver equivalent) over 1.7 m; including: 9,600 g/t silver and 8.8% copper (10,500 g/t silver equivalent) over 0.2 m; and: 4,120 g/t silver and 3.1% copper (4,440 g/t silver equivalent) over 0.3 m
and: 1,745 g/t Ag, 7.8% Pb and 0.8% Cu (2,111 g/t silver equivalent) over 0.8 m. The Company continues to advance development further east along the 5500 Level to allow for continued exploration of the 360 Complex and testing of the Caladay Zone. Development has crossed the 291 Vein which was a steady producing area when last mined on the 5200 Level. The Company now plans immediate exploration and development of the 291 Vein given the strong historical mining of the vein on the 5200 Level with average mining widths of over 2 meters at an average grade of approximately 1,200 g/t silver. Hole 55-223: 2,402 g/t silver and 2.2% copper (2,620 g/t silver equivalent) over 0.6 m including: 3,150 g/t silver and 2.9% copper (3,440 g/t silver equivalent) over 0.4 m. In addition to deep exploration drilling, the Company has focused on in-fill drilling to upgrade inferred mineral resources adjacent to current production areas to the measured and indicated categories. Key results from the in-fill drilling includes: Hole 37-328: 8,230 g/t Ag, 0.2% Pb and 3.9% Cu (8,640 g/t silver equivalent) over 0.2 m; and: 1,650 g/t Ag, 1.0% Pb and 0.6% Cu (1,760 g/t silver equivalent) over 1.0 m; Hole 37-329: 7,501 g/t silver and 2.6% copper (7,781 g/t silver equivalent) over 1.7 m; including: 21,500 g/t silver and 7.6% copper (22,300 g/t silver equivalent) over 0.6 m
Hole 49-573: 1,517 g/t silver and 0.7% copper (1,591 g/t silver equivalent) over 1.3 m; including: 7,130 g/t silver and 3.2% copper (7,470 g/t silver equivalent) over 0.2 m; and: 561 g/t silver and 17.1% lead (1,177 g/t silver equivalent) over 1.5 m; Hole 49-574: 1,378 g/t silver and 0.7% copper (1,451 g/t silver equivalent) over 1.1 m; including: 9,090 g/t silver and 4.3% copper (9,540 g/t silver equivalent) over 0.1 m; and: 1,584 g/t silver and 0.8% copper (1,665 g/t silver equivalent) over 0.5 m; including: 6,380 g/t silver and 3.2% copper (6,700 g/t silver equivalent) over 0.1 m.