Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) has announced its first-ever mineral resource estimate (MRE) on the Bethania Silver Project in Peru.
The MRE is focused on the historical mine area where most of the company’s shallow diamond drilling took place during the 2021 Phase 1 exploration programme.
The resource estimate consists of 18 different veins all located within the original mine area and includes data collected from the 2021 5,000 metre diamond drilling programme as well as previously collected underground rock chip samples.
The MRE is solely focused on the main Bethania Mine area, with no mineral resource estimates for the newly identified and proximal Hilltop Zone.
Highlights of the initial mineral resource estimate include:
- Indicated resources of 5,858,521 oz silver equivalent at an average grade of 451 g/t silver equivalent contained in 404,000 tonnes.
- Inferred resources of 8,006,431 oz silver equivalent at an average grade of 356 g/t silver equivalent contained in 700,000 tonnes.
- Silver represents 74% of the gross metal value in the Indicated resource and 70% of the gross metal value in the Inferred resource.
- Approximately 63% of the Indicated silver equivalent ounces are located above the main historical production adit level (4670 Level).
- Significant resources contained above the 4670 Level, including approximately 56% of the Indicated tonnes and 34% of the Inferred tonnes.
- Identified three main mineralised structures that control the 18 veins included in the mineral resource estimate.
- The resource model extends to a maximum depth of 230 m from surface in the 12 de Mayo vein, 200 m in the Española vein and 180 m in the Victoria vein. All three vein systems appear to be similarly important in controlling silver mineralisation and remain open along strike and at depth.
- Average diamond drill hole length in the 2021 drilling programme was approximately 140 metres.
“We are very excited to have our first-ever mineral resource estimate which has exceeded our expectations for the initial Phase One drilling programme,” President and CEO, David Stein, said.
“The data collected to date will help guide the exploration strategy as well as the design for the underground development of Bethania. This is a great start to our growing silver project. The quality of our understanding of the Bethania resource potential has increased considerably as we have now identified numerous other veins and their spatial relationship to one another.
“This understanding will be hugely important as we continue to explore these veins at depth and along strike towards the northeast.”
For further information please visit: https://www.kuyasilver.com/
