FABLED SILVER GOLD CORP. Preamble
A sheeted vein structure is a hydrothermal, intrusive related sets of parallel quartz sulphide veins spatially associated with a nearby intrusive. They are closely spaced, distinct parallel fractures or veins filled with mineralization and separated from one another by thin screens or areas of barren country rock. Typically, they will become closer and closer together and mineralization and an increase in silification will be seen as one approaches the intrusive body, which is the source of the mineralization.
The fence of drill holes SM20-28, 29 and 30 are located 75 meters to the west of drill collars SM20-25, 26, 27, last reported, and were designed to once again tighten up the interpretation of the boundaries of the new
The drill holes targeted intercepting the main gold structure at vertical depths of -100, -150, and -200 meters, respectively. As one can see, the interpreted mineral / structural thesis which includes gold mineralization is plunging 45 degrees to the west, has now a true width of 50 meters and continues to validate the interpretation. The gold domain remains open in all directions, especially at depth.
Any vein sheet, micro or macro in size, grading greater than 0.50 g/t gold is highly anomalous and of potential economic interest. Of the 3 holes being reported in this release, 28 and 29 reported 97% of sampled intervals above the gold detection limit and the deepest hole 30 reporting 100%. To try and explain the significance of this hydrothermal gold domain system, the holes and sections below will report all values greater than 0.10 g/t Au cut-off to demonstrate the gold population in the sheeted veins, hydrothermal breccias and mineralized diorite. As you will notice the grade and number of intercepts increases at depth as seen in hole SM20-30. We apologize that each hole results will be plotted on a duplicate section as there are too many intercepts to plot on one section.
SM20 - 28
A sheet vein silicified limestone, laminar or layered structure containing disseminated pyrite was intersected from the collar to approximately 200 meters, this was followed by a quartz cemented hydrothermal breccia with minor pyrite and sphalerite, then a gray porphyritic diorite dike with disseminated sulphides.
A total of 11 intercepts of 0.10 g/t gold were intersect in the hole either in sheeted vein structures, hydrothermal breccias or in the diorite dike including 1.15 meters of 0.51 g/t Au.
Surface diamond drill hole SM20-29 was drilled underneath hole 28 at -45 degrees to target an intercept at -150 meters and was successful.
A sheet vein, silicified limestone, gray to greenish in color, laminar, with calcite - carbonate veinlets with sulphide halos was intercepted to approximately 180 meters, followed by 12 meters of oxidized quartz cemented hydrothermal breccia with minor pyrite and sphalerite then 20 meters of sheeted veins as seen previously in the hole, followed by 19 meters of hydrothermal breccia, 8 meters of mineralized diorite dike and finally hydrothermal breccia
This time a total of 31 intercepts of 0.10 g/t gold were intersect in the hole either in sheeted vein structures, hydrothermal breccias or in the 14.50 meter diorite dike including base metal feeder type mineralization which reported 0.27 g/t Au with 75.59 g/t Ag Eq, 0.66% Pb, 11.90% Zn. The frequency of the mineralization has increase at depth.
SM20-30
Surface diamond drill hole SM20-30 was drilled underneath hole 29 at -60 degrees to target an intercept at -200 meters and was again was successful.
Increased intensity in the sheeted veins in silicified limestone, gray in color, laminar with calcite - carbonate veinlets with sulphide halos was seen to approximately 220 meters, followed by 20 meters of oxidized diorite dike with sulphide bearing quartz veinlets as sheets followed by 18 meters of cemented hydrothermal breccia with replacement features, pyrite and sphalerite content increasing, then followed by 68 meters of silicified limestone breccia's with hydrothermal quartz filling matrix and fine pyrite.
Note the increase in intensity at depth and increase gold content, with over 22 intercepts in the hole greater than 0.10 g/t gold. Also intersected was the base metal feeder type mineralization seen in hole 29 and reported an increased grade of 1.57 g/t Au with 202.76 g/t Ag Eq, 3.68% Pb, 14.30% Zn and 0.14% Cu.
About
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in
The Company has entered into an agreement with
Contact:
Mr.
Tel: (819) 316-0919
Email: peter@fabledfco.com
Certain statements contained in this news release constitute 'forward-looking information' as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.
Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in
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