Extends Potential Commercial Mineralisation By 200m In Peru
Silver X Mining Corp. (TSXV:AGX) (OTC Pink:WRPSF) has intersected high-grade silver-gold-polymetallic mineralisation, up to 7,232.83 g/t AgEq over 0.95 metres true width.
Channel sampling of the Tangana 1 Vein has now increased the horizontal strike of known mineralisation by over 130m at the company’s Tangana Mining Unit in Huancavelica, Peru. These results, together with previously reported drill intersections from zones below existing Level 4630 stopes, have also extended the potentially economic mineralisation downwards vertically by over 200m.
Silver X has also received positive results from a programme of re-analysing samples produced by Mines and Metals Trading (Peru) PLC (MMTP) in early 2021. This analysis indicates that the true horizontal mineralised strike length of Tangana 1 could extend more than 220m.
The channel sampling results also indicate the gold tenor in the Tangana 1 silver-gold-polymetallic mineralised vein may be higher than initially understood. Individual channel sampling high-grade mineralization results along the 4680 level include gold values up to 70.88 g/t Au, silver up to 2,034 g/t Ag, 7.37% Pb and 6.75% Zn.
Production reporting on work historically done by Compañia de Minas Buenaventura SAA around 1970 noted average grades of 293.62 g/t Ag, 9.77 % Pb and 4.62 % Zn from underground stopes situated nearby recent channel sampling, which supports the potential of extensive mineralisation.
Tangana encompasses 11 silver-polymetallic vein targets across 4,500 ha of prospective silver-polymetallic concessions. The Tangana 1 and 2 veins extend over 1.7 km along strike with an average width of 1.0 metres, at an average grade of 286.71 g/t AgEq. The Tangana 1 vein has historically been selectively mined in places between levels 4550 and 4950, predominantly staying close to the topographic profile and leaving unmined potentially economic silver-polymetallic mineralisation in situ below the historical workings.
A resource and mine development drilling programme is presently in progress to define mineralisation below level 4680 and to delineate additional ore for future feed to the Recuperada processing plant.
“These high-grade channel sampling results are a strong indication that we are just scratching the surface of the silver-polymetallic potential at the Tangana Mining Unit”, said CEO, José Garcia.
“The ongoing mine development programme that includes diamond drilling, channel sampling, and structural mapping, has encountered multiple prospective mineralised zones that will be utilised to increase production at the Recuperada processing plant. Furthermore, the Tangana 1 vein is just one of 11 veins with near-term exploitation potential in this area.”
In total, the silver-polymetallic veins identified within the Tangana vein field extend on surface more than 11 km in combined strike-length. Additional veins associated with the Tangana mineralised structure include the Tangana 2, Morlupito and Cauca veins. As mine infrastructure advances, historic workings and in situ silver-gold-polymetallic mineralisation associated with these veins will be evaluated by underground channel sampling and diamond drilling.
The company’s concurrent 25,000m resource expansion drill campaign continues to broaden the extent of known open-ended mineralisation.
For further information please visit: https://www.silverx-mining.com/
