SILVER MOUNTAIN RESOURCES INC.
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
NEW HIGH-GRADESILVER-POLYMETALLIC INTERCEPTS FROM DRILLING AT AGMR'S
RELIQUIAS MINE
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE
UNITED STATES
Highlights
- Underground drilling returned high-gradesilver-polymetallic intercepts in the Matacaballo and Ayayay veins, including:
- 3.60m @ 135.3 g/t Ag, 5.5% Pb, 7.3% Zn, 0.55% Cu, and 0.23 g/t Au in Matacaballo vein, in drill hole SMR-56-22-MTC, including
- 0.90m @ 208.0 g/t Ag, 10.8% Pb, 13.4% Zn, 0.93% Cu, and 0.19 g/t Au, and
- 0.30m @ 402.0 g/t Ag, 2.5% Pb, 1.2% Zn, 0.1% Cu, and 1.34 g/t Au
- 2.30m @ 81.0 g/t Ag, 4.9% Pb, 9.0% Zn, 0.82% Cu, and 0.08 g/t Au, in Matacaballo vein, in hole SMR-33-22-MTC, including
- 0.75m @ 191.0 g/t Ag, 11.8% Pb, 15.8% Zn, 1.75% Cu, and 0.06 g/t Au
- 1.25m @ 153.6 g/t Ag, 1.8% Pb, 3.3% Zn, 0.09% Cu, and 1.31 g/t Au, in Matacaballo vein, hole SMR-59-22-MTC, including
- 0.75m @ 234.0 g/t Ag, 2.7% Pb, 5.1% Zn, 0.14% Cu, and 1.48 g/t Au
- 1.25m @ 98.9 g/t Ag, 1.9% Pb, 2.7% Zn, 1.40% Cu, and 0.06 g/t Au, in Ayayay vein, in hole SMR-32-22-MTC
Firmado Digitalmente por:
ALFREDO AUGUSTO BAZO
RODRIGUEZ
SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMRwww.agmr.ca
Fecha: 17/11/2022 08:45:13 a.m.
82 Richmond Street East Toronto, ON M5C 1P1
SILVER MOUNTAIN RESOURCES INC.
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
Toronto, Ontario, November 17, 2022 - Silver Mountain Resources Inc. TSXV:AGMR | OTCQB:AGMRF | BVL:AGMR ("Silver Mountain", "AGMR" or the "Company") is pleased to provide an update on its underground drilling at the Company's Reliquias silver mine in Huancavelica, central Peru. The drill program to date has surpassed a total of 16375 metres, drilled in 69 bore holes. The assay results of 8 holes drilled to test the Matacaballo and adjacent veins are reported in this release (Table 1). The main objective of the fully funded drill program is to establish a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101") compliant mineral resource in H1 2023 that will form the basis of our production decision in H2 2023. In addition, the Company aims to better characterize and extend the known silver-rich zones at depth. 1
Alfredo Bazo, President and CEO, commented: "Four of the drill holes reported today are located in the western part of the Reliquias mine, returning interesting intercepts in the Matacaballo and Ayayay structures as well as showing various vein splits with promising results. The remainder of the holes were drilled from platform C10 (Fig.1), aimed at the eastern extension of the Matacaballo ore shoot tested by previous bore holes during the current campaign. We are strongly encouraged by the silver and base metal results encountered over significant vein widths in this area. Additional holes to investigate this zone are in progress, with pending assay results."
1 For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled National Instrument 43-101Technical Report-CastrovirreynaProject, Peru, dated October 6, 2021, amended November 18, 2021, effective date August 17, 2021, available on the Company's profile on www.sedar.com.
SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR | www.agmr.ca |
82 Richmond Street East Toronto, ON M5C 1P1
SILVER MOUNTAIN RESOURCES INC.
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
Figure1: Plan view of underground drilling program at the Reliquias silver mine, showing traces of drill holes completed to date (in blue) as well as the subsequently programmed bore holes. The eight holes reported in this release are labelled and highlighted in bold green lines. Additionally, underground workings, main mineralized veins, and drill platforms are displayed. Inset map shows Reliquias property block with locations of both silver mines and the processing plant.
SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR | www.agmr.ca |
82 Richmond Street East Toronto, ON M5C 1P1
SILVER MOUNTAIN RESOURCES INC.
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
The following table shows the detailed results of mineralized intercepts encountered in the drill holes reported in this news release.
Hole ID | From (m) | To (m) | Interval (m) | Ag g/t | Cu % | Pb % | Zn % | Au g/t |
SMR-032-22-MTC | 118.50 | 119.90 | 1.40 | 68.53 | 0.36 | 2.38 | 3.23 | 0.07 |
154.25 | 154.65 | 0.40 | 141.00 | 0.33 | 2.40 | 3.80 | 0.03 | |
166.35 | 167.60 | 1.25 | 98.90 | 1.40 | 1.92 | 2.71 | 0.06 | |
including | 167.15 | 167.60 | 0.45 | 170.00 | 2.22 | 3.80 | 4.50 | 0.11 |
SMR-033-22-MTC | 113.80 | 114.45 | 0.65 | 35.10 | 0.23 | 1.60 | 2.20 | 0.09 |
152.60 | 152.90 | 0.30 | 374.00 | 0.69 | 3.70 | 1.90 | 0.04 | |
162.95 | 163.40 | 0.45 | 107.00 | 0.28 | 2.80 | 6.60 | 0.11 | |
178.30 | 178.70 | 0.40 | 41.30 | 0.37 | 3.50 | 5.40 | 0.05 | |
180.20 | 181.30 | 1.10 | 76.27 | 1.38 | 0.70 | 3.87 | 0.03 | |
184.30 | 186.60 | 2.30 | 81.03 | 0.82 | 4.89 | 9.04 | 0.08 | |
including | 185.85 | 186.60 | 0.75 | 191.00 | 1.75 | 11.80 | 15.80 | 0.06 |
191.95 | 192.65 | 0.70 | 42.10 | 0.21 | 4.80 | 1.20 | 0.04 | |
SMR-035-22-MTC | 51.60 | 52.00 | 0.40 | 135.00 | 0.15 | 1.50 | 1.30 | 0.31 |
SMR-040-22-MTC | 209.95 | 210.75 | 0.80 | 40.04 | 0.28 | 0.79 | 2.17 | 0.09 |
214.85 | 215.60 | 0.75 | 108.00 | 1.24 | 1.00 | 2.00 | 0.04 | |
SMR-051-22-MTC | 231.30 | 231.60 | 0.30 | 39.20 | 0.35 | 0.49 | 0.23 | 0.01 |
268.15 | 268.50 | 0.35 | 30.20 | 0.00 | 0.09 | 0.11 | 0.34 | |
SMR-054-22-MTC | 241.05 | 241.85 | 0.80 | 24.12 | 0.13 | 1.70 | 0.04 | 0.33 |
253.85 | 255.25 | 1.40 | 54.83 | 0.21 | 1.92 | 2.36 | 0.14 | |
SMR-056-22-MTC | 266.95 | 268.10 | 1.15 | 85.62 | 0.88 | 1.56 | 3.72 | 0.05 |
including | 266.95 | 267.25 | 0.30 | 267.00 | 3.28 | 3.20 | 13.10 | 0.13 |
294.50 | 298.10 | 3.60 | 135.29 | 0.55 | 5.48 | 7.25 | 0.23 | |
including | 294.50 | 295.30 | 0.80 | 145.00 | 1.17 | 8.00 | 11.10 | 0.16 |
and | 295.80 | 296.70 | 0.90 | 208.00 | 0.93 | 10.80 | 13.40 | 0.19 |
and | 297.75 | 298.10 | 0.35 | 402.00 | 0.10 | 2.50 | 1.20 | 1.34 |
SMR-059-22-MTC | 375.80 | 377.05 | 1.25 | 153.60 | 0.09 | 1.80 | 3.34 | 1.31 |
including | 376.30 | 377.05 | 0.75 | 234.00 | 0.14 | 2.70 | 5.10 | 1.48 |
Table 1: Weighted assay results of eight drill holes testing the Matacaballo and Ayayay veins
SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR | www.agmr.ca |
82 Richmond Street East Toronto, ON M5C 1P1
SILVER MOUNTAIN RESOURCES INC.
TSX.V | AGMR
OTCQB | AGMRF
BVL | AGMR
A
SILVER MOUNTAIN RESOURCES INC. TSX.V | AGMR | www.agmr.ca |
82 Richmond Street East Toronto, ON M5C 1P1
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Silver Mountain Resources Inc. published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 14:58:01 UTC.