Highlander Silver Corp. (CSE:HSLV) has received positive drilling results from its Alta Victoria project in Central Peru.
Highlights
Significant intercepts at the Santa Teresita target include:
- AV 22-12: 4.0m of 153.2 g/t AgEq1 (0.08 g/t Au, 42.54 g/t Ag,0.96% Pb, 1.81% Zn)
- AV 22-14: 7.9m of 231.63 g/t AgEq (0.79 g/t Au, 64.53 g/t Ag, 0.82% Pb, 1.82% Zn) including 3.8m of 316.22 g/t AgEq (1.02 g/t Au, 65.73 g/t Ag, 1.27% Pb, 2.75% Zn)
- AV 22-17: 4.7m of 178.15 g/t AgEq (1.13 g/t Au, 13.18 g/t Ag, 0.25% Pb, 1.50% Zn)
The drilling results at Santa Teresita are interpreted to indicate that the top of a potentially significant mineral system has been recognised, analogous to the high-grade Uchuccachua silver mine, located in the same mineral belt, some 90kms from Alta Victoria. Further drilling is required to test this model.
“We are encouraged by the polymetallic mineralization and associated alteration drilled at the Santa Teresita target, which has significantly improved our understanding of its geology and potential,” President and CEO, David Fincham, said.
“The results confirm the presence of a fertile mineral system returning metre-length intercepts of silver – gold – lead – zinc mineralization and associated manganese sulphide.
“Using Uchucchacua as an analogue, we believe that we could have drilled the top of a similar style system, so we are now integrating the new drill information into our geological model to focus the next stage of drilling on targeting the potential ore body at depth.
“Unfortunately, our drilling in the Pachas area did not return results that warrant follow up at this stage.
“In addition, we are currently completing geochemical sampling and detailed mapping at our Poiltunche project, 15 km to the southwest of Alta Victoria, with the objective of identifying new prospective targets and expanding extents of known targets. We will be reporting on those results in the coming weeks.
“Finally, our generative programme is now well underway comprising a systematic review of high potential mineral districts in the Central Andes which we are optimistic will yield attractive opportunities for acquisition over the coming months.
Alta Victoria 2022 drill programme
The programme comprised 1,800.5m of diamond core drilling in 10 holes, and was designed to achieve the following objectives:
- Complete follow up drilling from the 2020 programme at the Santa Teresita target, and test depth extents of previously undrilled outcropping mineralization;
- Complete first pass reconnaissance drilling in the Pachas area, testing the Adriana North and Buena Estrella targets
Santa Teresita Drilling: Total drilling of 1,092.5m in six holes.
Drilling successfully tested depth extents of outcropping breccias and replacement style mineralisation, returning significant intercepts in holes drilled in sections approximately 100 metres apart.
- Drill hole AV22-12 returned 4.0m of 0.08 g/t Au, 42.54 g/t Ag, 0.96% Pb and 1.81% Zn for 153.2 g/t AgEq from 71.90m.
- AV22-14, drilled in the same section, returned 7.9m of 0.79 g/t Au, 64.53 g/t Ag, 0.82 % Pb and 1.82% Zn for 231.63 g/t AgEq from 68.60m.
- AV22-17 drilled approximately 100m to the South targeting the same mineralised trend returned 4.70m of 1.13 g/t Au, 13.18 g/t Ag, 0.25% Pb and 1.50% Zn for 178.15 g/t AgEq from 100.50m. AV22-17 also intersected a number of other mineralised intervals supporting the concept of potentially continuous mineralisation from that reported 100m to the North.
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