Denarius Metals Corp. (TSXV: DSLV | OTCQX: DNRSF) has completed an updated mineral resource estimate (MRE) for its 100%-owned Lomero project in Spain.
“Our phase two and phase three drilling campaigns have successfully increased our confidence in the geological model for our Lomero project, including an upgrade of resources and an increase in tonnages and grades, as demonstrated by the updated MRE reported today,” commented Serafino Iacono, Denarius CEO and executive chairman.
“Drilling to date has focused on the historical Lomero-Poyatos deposit where we have identified mineralization over a strike of over 1km and with a vertical extension of 400m.”
Highlights of the updated MRE include:
- Indicated resources comprising 7.73Mt at 0.66% Cu, 1.03% Zn, 0.46% Pb, 25g/t Ag, and 2.27g/t Au (1.91% CuEq)
- containing an estimated 51Kt Cu, 80Kt Zn, 36Kt Pb, 6.1Moz Ag, and 0.6 Moz Au
- Inferred resources comprising 3.45 Mt at 0.29% Cu, 1.18% Zn, 0.53% Pb, 22 g/t Ag and 1.86 g/t Au (1.46% CuEq)
- containing an estimated 10Kt Cu, 41Kt Zn, 18Kt Pb, 2.5Moz Ag, and 0.2 Moz Au
The updated MRE has been prepared following the completion of the company’s infill and validation drilling campaigns carried out from October 2022 through July 2023. The current geological model and updated MRE for the deposit include a total of 146 holes representing 44,228m of drilling completed to date plus another 10,053m worth of historic drilling.
The second and third phase drilling campaigns have successfully converted approximately 73% of the initial inferred MRE to the indicated category, along with gains in tonnage and grades for all metals reported.
For further information, please visit: www.denariussilver.com
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