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Rescue Veins of the
- 1,699 g/t silver equivalent (913 g/t Ag and 7.86 g/t Au) over 4.3 m from 421.6 m including9,989 g/t silver equivalent (4,338 g/t Ag and 56.5 g/t Au) over 0.6 m from 422.2 m in SUM21-31 which is an in-fill hole confirming high-grade mineralization at Rescue.
- 551 g/t silver equivalent (337 g/t Ag and 2.10 g/t Au) over 5.7 m from 338.7 m including 2,087 g/t silver equivalent (1,301 g/t Ag and 7.86 g/t Au) over 0.9 m from 342.1 m in SUM21-42 which is a 110 m step-out up-dip and to the southwest at Rescue.
- 506 g/t silver equivalent (253 g/t Ag and 2.53 g/t Au) over 6.1 m from 437.8 m including 1,085 g/t silver equivalent (543 g/t Ag and 5.42 g/t Au) over 0.9 m from 440.9 m in SUM21-40 which is a 120 m step-out down-dip and to the northeast at Murray.
Note: silver equivalent (AgEq) based on 100(Ag):1(Au), true widths are unknown
Dimensions of Mineralization:
- High-grade mineralization at Rescue has been intersected in several stacked structures over an area of 375 x 100 m where it remains open to expansion.
- High-grade mineralization at Murray, has been intersected over an area of 300 x 200 m where it remains open to expansion.
- Further mineralization is present in multiple additional areas over a length of 3.5 km, including the Ruby discovery, a 1.3 km step-out from the historic
Drill Program Update: Drilling remains ongoing on the Hughes property with results now pending for 7 additional holes, and drilling taking place at the Ruby Discovery. Most holes have intersected zones of quartz-adularia veins, stockworks, and breccias typically featuring visible Ag-sulfosalts.
Nine holes in 2021 have so far tested the steeply-dipping, southwest-striking Rescue vein system hosted in the footwall of the Belmont vein, where extensive past production took place.
Hole SUM21-31 tested the continuity of mineralization up-dip from SUM21-20 and SUM21-30. It intersected 1,699 g/t AgEq over 4.3 m including 9,989 g/t AgEq over 0.6 m.
Hole SUM21-42 represents a 110 m step-out, up-dip along the vein from hole SUM20-06. It intersected 551 g/t AgEq over 5.7 m including 2,087 g/t AgEq over 0.9 m.
Hole SUM21-33 represents one of the largest step-outs along strike in the Rescue vein system. The hole intersected two zones of mineralization; an upper intercept of 228 g/t AgEq over 0.7 m and a lower intercept, 50 m downhole, of 857 g/t AgEq over 0.7 m. The pierce points along the modeled stacked-veins are approximately 280 m along strike from SUM20-06.
In all holes the high-grade intercepts comprised silver-sulfosalt bearing, banded to brecciated quartz ± adularia veins with associated argillic alteration halos. The south-west striking, structurally-controlled veins are hosted in intermediate to felsic volcanic and volcaniclastic rocks of the Mizpah Formation. The newly reported intervals demonstrate the significant ounce potential of the high-grade Rescue vein system. Additional drilling is warranted to further investigate the extent and the plunge of the high-grade zones. Assays for 4 holes are reported in Table 1 and assays for 5 holes remain pending from the Rescue target.
Six holes in 2021 have so far tested the gently-dipping, southwest-striking Murray vein hosted along the regional-scale
Hole SUM21-040 tested the down-dip extension of mineralization hit in numerous holes in 2020. The hole hit the mineralized structure approximately 215 m down-dip from SUM20-17 and intersected 506 g/t AgEq over 6.1 m including 1,085 g/t AgEq over 0.9 m. This intercept supports the down-dip potential of the Murray vein.
Mineralization at the Murray Target is associated with broad intervals of strong argillic alteration cored by zones of quartz stockwork up to 30 m wide and local Ag-sulfosalt bearing, banded quartz veins. Assays for 3 holes are reported in Table 1 and assays for 2 holes remain pending from Murray.
Mizpah Extension Target
Three holes tested the gently-dipping, east-striking
Analytical and QA/QC Procedures
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