- Advance mine preparation to extract bulk sample material to collect information for future use in engineering reports ("Bulk Sampling Test Mining" or "BSTM Program") and metallurgical testing of Ag-Au rich Pb concentrates.
- Use existing permits and infrastructure to allow the Company to access mineralized material through small test bulk sampling operations, up to 4,500 tonnes per month for metallurgical sampling from historical mine sites,
San Juan andLa Colorada . - Use existing and available third-party privately-owned mill operations located near the historical mine sites with a capacity of up to 140 tonnes per day to process the BSTM Program material, obtaining monthly producing small batches of Ag-rich concentrate for metallurgical characterization.
- Explore cost savings strategies, where with low capital expenditures, the company can advance the exploration of the
Plomosas Project and gain additional knowledge related to high-grade modeling & targeting, grade reconciliation, and mineral deposit modeling to define new drill targets in the vicinities of the existing historical mines.
The company has successfully started the BSTM Program at the
The following activities using private local operators have been achieved since
- Underground development and geotechnical assessment of ground conditions to support the BSTM Program.
- Detailed sampling and definition of areas for the BSTM Program at the
San Juan mine.
BTSM activities have commenced with the extraction of 2,800 tons of bulk sample from the
Table 1 – Assays Results San Juan Mine Bulk Sampling Test Mining –
Sample | East (m) | North (m) | RL | Mass (Kg) | Ag g/t | Au g/t | Pb % | Zn % | Ag Eq |
73502 | 448104.85 | 2550658.63 | 871 | 2.67 | 358 | 0.27 | 0.34 | 0.39 | 374 |
73503 | 448104.85 | 2550658.63 | 871 | 2.75 | 312 | 0.36 | 1.00 | 1.28 | 390 |
73504 | 448173.014 | 2550595.61 | 873 | 2.94 | 1,333 | 0.56 | 0.12 | 0.20 | 1271 |
73505 | 448173.014 | 2550595.61 | 873 | 2.84 | 109 | 0.10 | 0.12 | 0.32 | 125 |
73507 | 448173.014 | 2550595.61 | 873 | 2.5 | 335 | 0.07 | 0.13 | 0.22 | 323 |
73508 | 448150.17 | 2550614.07 | 870 | 2.75 | 137 | 0.21 | 0.10 | 0.19 | 154 |
73509 | 448173.014 | 2550595.61 | 873 | 2.31 | 140 | 0.08 | 0.28 | 0.42 | 158 |
73511 | 448131.26 | 2550632.51 | 874 | 2.5 | 135 | 0.14 | 0.45 | 0.44 | 164 |
73512 | 448104.85 | 2550658.63 | 871 | 2.59 | 144 | 0.50 | 1.70 | 0.56 | 242 |
73513 | 448173.014 | 2550595.61 | 873 | 2.17 | 353 | 0.136 | 0.70 | 0.37 | 367 |
73514 | 448136.24 | 2550629.99 | 874 | 2.33 | 288 | 0.08 | 0.47 | 0.86 | 314 |
73516 | 448173.014 | 2550595.61 | 873 | 2.88 | 227 | 0.17 | 0.45 | 0.65 | 257 |
73517 | 448150.17 | 2550614.07 | 870 | 2.83 | 161 | 0.24 | 0.43 | 0.34 | 192 |
73518 | 448173.014 | 2550595.61 | 873 | 2.45 | 408 | 0.36 | 0.24 | 0.35 | 422 |
73519 | 448104.85 | 2550658.63 | 871 | 4.95 | 324 | 0.455 | 0.31 | 0.42 | 357 |
73520 | 448173.014 | 2550595.61 | 873 | 2.87 | 75 | 0.06 | 0.07 | 0.21 | 84 |
73521 | 448173.014 | 2550595.61 | 873 | 2.43 | 233 | 0.36 | 0.20 | 0.36 | 264 |
73522 | 448173.014 | 2550595.61 | 873 | 2.98 | 212 | 0.166 | 0.48 | 0.36 | 234 |
Numbers may be rounded. Results are uncut and undiluted. ("AgEq") calculations using |
To date, 2,100 tonnes of BTSM material have been processed from the
Table 2 – Concentrate Assay Results–
Sample ID | Ag g/t | Au g/t | Pb % | Zn % |
| 12,715 | 12.85 | 6.9 | 8.6 |
The current activities are concentrated in the
GR Silver
The Company has implemented QA/QC procedures, including inserting blank, duplicate, and standard samples in all sample lots sent to
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is
Eric Zaunscherb, Chair & CEO
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation 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.
Neither the
SOURCE
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