Fabled Silver Gold Corp. (TSXV:FCO) (OTCQB:FBSGF) (FSE:7NQ) announces the results of surface diamond drilling from the upgraded 14,400m drill programme on the “Santa Maria” Property in Parral, Mexico.
“Planned definition hole SM20-45 was designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth,” CEO and President, Peter Hawley, said.
SM20-45
Definition Diamond Drill Hole SM20-45 was drilled at a dip or angle of -63 degrees for a planned total drilled length of 120m and designed to hit the targeted zone at -75m below surface.
Unfortunately, the hole was successful in hitting the targeted Footwall zone at 71.60m to 78.00m but a mined-out void from a previous bulk sample was encountered, thus the hole was terminated at 78.00m.
The buildup of the Santa Maria Footwall Structure was encountered before the mined-out area and reported 42.50 g/t Ag Eq with 0.16 g/t Au over the 6.40m.
Mr Hawley said it is worthy to note that definition drill hole SM20 – 42, located 300m to the west reported gold – silver values while hole 43, 75m to the west reported silver, with little to no gold and Hole SM20 – 44 reported high gold with silver values have been intercepted. As you can see below the shallow intercept hit a silver – gold mineralised gradient. These important abrupt changes from one domain to another will be inputted into the data base for modeling to determine the effect gold emplacement has with depth.
Planned definition hole SM20-46 was once again designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth.
SM20-46
Definition Diamond Drill Hole SM20-45 was drilled at a steep dip or angle of -80 degrees for a planned total drilled length of 120m, with the actual cored drill core length of 147m and designed to hit the targeted zone at -95m below surface.
A shallow hydrothermal breccia anomalous in silver was encountered from 6.80 – 10.10m followed by the targeted Santa Maria footwall structure from 96.75m – 99.50m which reported 29.22 g/t Ag Eq with anomalous gold values, in a reddish brown, quartz cemented, oxide hydrothermal breccia that displayed vuggy textures, boxwork microstructures
A higher-grade intercept within this zone returned 37.16 g/t Ag Eq with anomalous gold over 1.10m
Summary
Hole SM20-45 was successful in determining the exact location of the beginning of the Santa Maria footwall structure. These values along with the stope or mined out area void will be modelled and added into the data base thus providing valuable information in this drill poor area.
SM20-46 was once again successful in hitting the targeted Santa Maria footwall structure from 96.75m – 99.50m and reported 29.22 g/t Ag Eq with anomalous gold values, in a reddish brown, quartz cemented, oxide hydrothermal breccia that displayed vuggy textures, boxwork microstructures.
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