Vancouver - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the 'Company' or 'Kuya Silver') is pleased to announce its first-ever mineral resource estimate on the Bethania Silver Project (the 'Project'), focused on the historical mine area where most of the Company's shallow diamond drilling took place during the 2021 Phase 1 exploration program.
The resource estimate consists of 18 different veins all located within the original mine area and includes data collected from the 2021 ('Phase One') 5,000 metre diamond drilling program as well as previously collected underground rock chip samples. The mineral resource estimate is reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards (2014) incorporated by reference in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. The mineral resource estimate is solely focused on the main Bethania Mine area, with no mineral resource estimates for the newly identified and proximal Hilltop Zone.
Highlights of the initial mineral resource estimate include: Indicated resources of 5,858,521 oz silver equivalent at an average grade of 451 g/t silver equivalent contained in 404,000 tonnes.
Inferred resources of 8,006,431 oz silver equivalent at an average grade of 356 g/t silver equivalent contained in 700,000 tonnes.
Silver represents 74% of the gross metal value in the Indicated resource and 70% of the gross metal value in the Inferred resource.
Approximately 63% of the Indicated silver equivalent ounces are located above the main historical production adit level (4670 Level).
Significant resources contained above the 4670 Level, including approximately 56% of the Indicated tonnes and 34% of the Inferred tonnes.
Identified three main mineralized structures that control the 18 veins included in the mineral resource estimate.
The resource model extends to a maximum depth of 230 m from surface in the 12 de Mayo vein, 200 m in the Espanola vein and 180 m in the Victoria vein. All three vein systems appear to be similarly important in controlling silver mineralization and remain open along strike and at depth.
Average diamond drill hole length in the 2021 drilling program was approximately 140 metres.
David Stein, President and CEO of Kuya Silver stated, 'We are very excited to have our first-ever mineral resource estimate which has exceeded our expectations for the initial Phase One drilling program. The data collected to date will help guide the exploration strategy as well as the design for the underground development of Bethania. This is a great start to our growing silver project. The quality of our understanding of the Bethania resource potential has increased considerably as we have now identified numerous other veins and their spatial relationship to one another. This understanding will be hugely important as we continue to explore these veins at depth and along strike towards the northeast.'
Christian Aramayo, Kuya Silver's COO added, 'The amount of mineralized material estimated to be above the current mine workings is a pleasant surprise. While this initial mineral resource estimate confirmed our understanding of the mine geology, our drilling to date has been relatively shallow and we look forward to exploring the Bethania vein system at depth in the next campaign while ramping up development in preparation for planned future production.'
About Kuya Silver Corporation
Kuya Silver is a Canadian based mineral exploration and development company with a focus on acquiring, exploring, and advancing precious metals assets in Peru and Canada.
Contact:
Tel: (604) 398 4493
Email: info@kuyasilver.com
Web: www.kuyasilver.com
KUYA SILVER CORPORATION 