The high-grade gold and silver values returned from the drill program, particularly drill holes NRC-20-04 and NRC-20-06, are extremely encouraging and exceed expectations from a first drill program at the Nora project. The results from the six drill holes completed along 500 metres of the 3-kilometre traced strike of the Candy vein represent a significant discovery and warrant a larger Phase 2 follow up drill program. In addition the review of over 1,200 surface soil samples in the central zone of the project covering an area of 3 Km by 2Km highlight multiple coincident geochemical anomalies, both for silver, gold, copper, zinc and lead, as well as pathfinder minerals including arsenic, antimony, bismuth, cadmium, molybdenum and mercury. These results point to a strong mineralizing environment with multiple exploration targets and the potential for hosting a significant high-grade and disseminated silver-gold-copper-zinc-lead mineralized system.
Drill hole NRC-20-06 returned the highest gold and silver values from the six drill holes on the Candy vein, and included the following three intercepts with consistently very high gold and silver values within a core interval of 16.65 metres separated by 9.50 m and 3.71 m respectively (reported on
Systematic grid soil sampling, including over 1,200 soil samples taken at 50-metre intervals along 2-Km east-west grid lines with 100-metre north-south spacing over a 3-Km extent covering the central zone of the project area, returned widespread silver, gold, copper, zinc and lead geochemical anomalies coincident with pathfinder mineral anomalies. Of particular note is the generally elevated gold geochemical signature over the entire project area, and the large areas of silver geochemical anomalies observed throughout the project area. The gold and silver anomalies are particularly strong over the 3-Km strike extent of the Candy vein on the western side of the project area, as well as surrounding and south of the Nora vein to the north-east of the project area. A particularly strong silver and gold anomaly extends for 1.5 Km southwest from the location of the above high grade drill intercepts on the Candy vein.
Candy vein high-grade silver-gold zone, along strike to the north and south, and between and below drill holes NRC-20-01 to NRC-20-06.
1.5 Km Candy vein southwest silver and gold anomaly with potential for high-grade vein style mineralization as well as disseminated bulk tonnage mineralization.
Candy vein north-south silver-gold anomaly with over 3 Km strike extent for high-grade vein style and disseminated silver-gold mineralization.
Large multiple silver-gold anomalies located to the east of the project area extending up to and surrounding the Nora vein over an area of 2 km by 1.5 Km.
Breccia targets such as Cerro Los Torunos located in the southwest of the project area for bulk tonnage disseminated silver-gold mineralization.
The very high grade intercepts from the Candy vein and multiple widespread geochemical soil anomalies including silver, gold, copper, zinc, lead and pathfinder minerals highlight the potential of the Nora project for hosting both high-grade gold and silver vein style mineralization, as well as wider mineralized zones with potential for disseminated mineralization. These results warrant further systematic exploration and a larger Phase 2 drill program to follow up on the high-grade zones identified by the initial discovery drill program.
Drill holes NRN-20-07 and NRN-20-08 on the Nora vein did not return significant silver-gold assay values and the structure is interpreted as a high level outcrop and remains a priority target.
Silver Equivalent calculated based on metal prices below and assuming equivalent recoveries for all metals
Au
About
Historical systematic grid soil sampling over an area of 3 km by 2 km covering the Candy and Nora veins and projected extensions, showed elevated silver, base metal (copper, lead and zinc) and pathfinder (antimony and arsenic) values. The combination of the vein outcrops with large areas of anomalous silver and base metal values in soil samples may indicate additional concealed mineral systems. Other major deposits in the region include
About Canasil
Canasil is a Canadian mineral exploration company with a strong portfolio of 100% owned silver-gold-copper-lead-zinc projects in Durango and Zacatecas States,
Contact:
Tel: (604) 709-0109
This news release includes certain statements that may be deemed to be 'forward-looking statements'. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, exploration successes, continued availability of capital and financing, and general economic, market or business conditions. The reader is referred to the Company's filings with the Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements.
(C) 2021 Electronic News Publishing, source