Baroyeca Gold & Silver Inc. (TSXV: BGS) has discovered a new vein in exploration works at the company’s flagship Atocha project in Tolima and revealed development plans and tunnel upgrades at the Santa Barbara Project in Southern Bolivar region, both in Colombia.
Baroyeca has finished the Phase 1 drilling campaign at Atocha and is now resuming ground exploration activities, including prospecting and mapping south of Veta Grande and La Ye, moving towards the central part of the property to generate new targets.
The new vein discovered was made in a tributary of the Socorro Creek, 450m south of the El Erizo showing. The vein shows widths in outcrop from 25cm to >45cm and is found in-situ.
It follows the same NE-SW trend as other veins found in the main structural corridors, remaining open on both ends for further prospecting and follow up mapping.
The new vein is in line with the Tavera-Veta 8 vein system on the western side of the Santa Agueda Creek, extending this trend for over two km in strike length. Samples are sent to SGS Labs in Medellin for gold and silver testing.
2021-2022 Diamond Drilling Programme
Baroyeca has just completed a 2,500m Phase 1 drilling campaign at La Ye and Veta Grande East targets. Following testing La Ye target, the drill was moved to Veta Grande East to target a series of sub-outcrops looking for the source of a large concentration of high-grade silver and gold bearing boulders in proximity to an inferred mineralised shoot.
A total of four drill holes had been completed on the western side of the head of the Socorro Creek. Three drill holes intersected wide shear zones that included quartz veining equivalent to the inferred trace of Veta Grande.
Despite being successful in intersecting the main Veta Grande quartz vein, the areas tested were lacking the sulphide content that indicates the epithermal overprint and therefore lacking the silver-gold mineralisation, that remains elusive at this time.
The company has agreed to continue Phase 2 drilling extending the drilling contract with Perfotec SAS on the Atocha project for an additional 5,000 m. Perfotec and Baroyeca agreed on a temporary standstill for a period of approximately one month while Baroyeca works out logistics for access and drill pad construction at La Ye West and Tavera target zones.
Santa Barbara update
Baroyeca is just finalising the installation of new upgrades at the Santa Barbara tunnel. Upgrades include new railing and an extra mine cart to continue collecting bulk samples at Vein #2, speeding up the ore mocking and waste removal processes. A new ventilation system has been installed to ensure the tunnel complies with health and safety standards for the mining personnel as the underground development deepens into the ground.
The company is sourcing an additional air compressor that will allow for simultaneous drilling and blasting work at several mine faces.
For further information please visit: https://www.baroyeca.com/
