The North Felsite target is located on the eastern side of the Cerro and wraps around the northern edge of the Central intrusion where it transitions into the North Skarn target area (Figure 1). The new drilling now confirms the continuity of mineralization with previously modelled mineral resources in the Mina La Bocona and the
Drilling highlights from the North Felsite target area include: a 1.5 metre interval (1.0 metre est. TT.) averaging 165g/t Ag, 0.1g/t Au, 11.5% Cu, 0.1% Pb and 0.4% Zn (1463g/t AgEq) within a 4.0 metre interval (2.6 metre est. TT.) averaging 77g/t Ag, 4.4% Cu, 0.2% Pb and 0.9% Zn (617g/t AgEq) from drill hole 21CLM-191; a 1.6 metre interval (1.3 metre est. TT) averaging 675g/t Ag, 0.3g/t Cu, 5.5% Pb and 3.4% Zn (1008g/t AgEq) within a 4.8 metre interval (3.8 metres est. TT) averaging 352g/t Ag, 0.1% Cu, 2.4% Pb and 1.6% Zn (500g/t AgEq) from drill hole 22CLM-188; and a 0.7 metre interval (0.6 metre est. TT) averaging 499g/t Ag, 0.1g/t Au, 0.4% Cu, 4.6% Pb and 1.5% Zn (759g/t AgEq) within a 2.2 metre interval (1.9 metres est. TT) averaging 162g/t Ag, 0.6g/t Au, 0.3% Cu, 1.5% Pb and 0.6% Zn (314g/t AgEq) from drill hole 22CLM-187; Strong gold-enrichment, up to 7.0g/t Au over 0.6m (est. TT.), is identified in several hangingwall intercepts (see Table 1) correlating to zones of mineralization outboard of the more typical, silver-enriched polymetallic mineralization of the main skarn horizon located adjacent to the central monzonite intrusion.
Two of the drill holes, 22CLM-186 and -187, tested the eastern margin of the North Felsite zone returning anomalous and high-grade intercepts along strike from modelled mineral resources in the Mina La Bocona deposit and clearly establish continuity with mineralization identified over the last 8 months of exploration throughout the North Felsite target.
High-grade copper, up to 2.6m (est. TT.) of 4.4% Cu was returned from drill hole 22CLM-191. The mineralized intercept is located just 85 metres down-dip from copper-enriched intercepts in historic drill hole 11CLM-003 (14m of 60g/t Ag, 0.9% Cu, 0.3% Pb and 1.6% Zn; see NR-05-11) which were included in the modelled mineral resources of the
Vice President of Exploration
The Company's property portfolio also includes the Oro porphyry copper-gold project and the
Drilling continues on a six-hole, 4,000m drill program on the Oro project, designed to test several copper-molybdenum porphyry and copper-gold skarn targets within a broad phyllic alteration zone, interpreted to overlie an unexposed porphyry centre. The first two holes are completed and a third in progress; logging and sampling continue with assays pending in the coming weeks.
Initial mapping and sampling of the
Southern Silver continues to advance the Cerro Las Minitas project as one of the world's largest undeveloped silver/lead/zinc resources, through advanced exploration, pre-production metallurgical and engineering work, and economic assessment. The CLM Ag-Pb-Zn-Cu Skarn system is well located in southern
A total of 196 drill holes for 84,872 metres has been completed on the
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