Silver Storm Mining Ltd. (TSXV: SVRS | OTCQB: SVRSF | FSE: SVR) has announced further drill results from its Phase 1 diamond drilling programme at the company’s 100% owned La Parrilla Silver Mine Complex, located in Durango Mexico.
Numerous high-grade intercepts were encountered within the Rosarios Mine underneath and in proximity to previous mined stopes. The current drill results, when combined with historical holes drilled by FM, are expected to have a positive impact on future mineral resources.
Greg McKenzie, president, and CEO, commented, “We are pleased with our first drill results from the Rosarios Mine and anticipate these results should have a positive impact on future mineral resources, both in terms of tonnage and grade. Although the grades are not as pronounced as those from Quebradillas, historical mining by FM from Rosarios has offered a steady and predictable tonnage, which is important as Rosarios is the closest of the five mines to the processing plant. Our recent drilling reaffirms our thesis that high-grade zones can be expanded along strike and below previously mined horizons.”
In Central Rosarios, hole RO-24-015 returned 598g/t Ag.Eq over 3.91m including 1,170g/t Ag.Eq over 0.50m and 1,071g/t Ag.Eq over 1.35m. RO-24-014 returned 431g/t Ag.Eq over 0.69m and 285g/t Ag.Eq over 1.02m. Hole RO-24-020 returned 300 g/t Ag.Eq over 1.87m including 588g/t Ag.Eq over 0.46m. Hole RO-24-018 returned 928g/t Ag.Eq over 0.50m, and hole RO-24-017 that returned 225g/t Ag.Eq over 1.48m.
Seven drill holes in this area encountered high-grade mineralization outside the current resource envelope.
In Western Rosarios, hole RO-24-001 returned 283 g/t Ag.Eq over 3.84m, including 542 g/t Ag.Eq over 1.19m and 868g/t Ag.Eq over 0.39m. Hole RO-24-022A returned 900g/t Ag.Eq over 0.97m within a broader interval of 682g/t Ag.Eq over 1.47m, and hole RO-24-003 intersected 450g/t Ag.Eq over 0.30m.
High-grade mineralization extends the zone 135m downdip from the last mined stope in the area, demonstrating potential of extending the zone further downdip and to the west.
In Eastern Rosarios, hole RO-24-012 returned 338 g/t Ag.Eq over 1.97m within a broader interval of 187g/t Ag.Eq over 4.54m. This extended the zone approximately 96m downdip from the last mined stope in this area.
Further, a new mineralized zone was identified in Eastern Rosarios with hole RO-24-007 returning 605g/t Ag.Eq over 0.31m and RO-24-009 returning several intercepts, the most notable being 889g/t Ag.Eq over 0.44m, and 468g/t Ag.Eq over 0.44m.
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