High-Grade Mineralisation Open At Depth And To The West
E2 Metals (ASX:E2M has identified the potential for multiple mineralised shootswith gold and silver mineralisation open to the west and at depth at the Mia prospect within its Conserratproject located in the Santa Cruz province of Argentina
The new Mia greenfields gold and silver discovery is centred 25km along trend from AngloGold Ashanti’s Cerro Vanguardia mine (historical and current reserves 8.9Moz Au, 137Moz Ag).
Managing Director Todd Williams said the results of the two holes are significant as it shows high-grade mineralisation at Mia is completely open at depth and to the west. Particularly hole DDH-MI20- 065 which appears to have intercepted a new mineralised shoot at the intersection with a strike-parallel structure. Drilling is now on hold for the Christmas break with work resuming 4 January 2021.
Further gold and silver assay results from the Phase 2 drilling includes five diamond holes for 774m and 1 Reverse Circulation (RC) hole for 78m.
One deeper diamond hole (DDH-MI20-065, end of hole depth 228m) was drilled 125m down dip of known high-grade mineralisation testing the intersection of the Lara Veinwith a major chargeability anomaly (34mV.V) in Electrical Tomography geophysical data.
The hole was completed Thursday last week and submitted to the laboratory for priority 24-hour analysis on the basis of encouraging visual mineralisation, and to ensure all Mia results were received before the Christmas break.
The hole intercepted two distinct veins within a mineralised structure approximately 30m wide. The first vein intercept comprised a 3m wide colloform and crustiform banded epithermal vein from 175m depth, interpreted to be the down-dip extension of the Lara Vein. Mineralisation is silver dominant and includes DDH-MI20-065: 14m at 0.4 gpt Au, 218 gpt Ag from169m, including 4.1m at 1gpt Au, 644gpt Agfrom 175m.
Preliminary interpretation is that the high-grade silver mineralisation intersected in DDH-MI20- 065 relates to a second mineralised shoot that has developed at the intersection of the Lara Veinwith a separate strike-parallel structure. This second mineralised shoot is open to the east, west and at depth.
