Zacatecas Silver Corp. (TSXV: ZAC) (OTC: ZCTSF) has received approval from the Secretariat of Environment and Natural Resources of Mexico (SEMARNAT) for the use of 30 drill permits at El Cristo which will allow drill targeting on the El Cristo Vein System located within the Zacatecas Property.
Highlights:
- Multiple oxidised, silver-base metal mineralised veins haven been defined over a strike length of at least four km significantly extending the previous reported strike length of 2.5 to 3.0 km.
- A total of 2500m of diamond drilling is planned for this initial phase of drilling at El Cristo.
- Drilling is ongoing at Panuco North area with multiple assays pending.
El Cristo Vein System
El Cristo is in the central part of the Zacatecas Property. It is the northwest extension of the well-known Veta Grande vein which has reported, but unverified, historical production of 200 Moz AgEq.
Chief Operating Officer and Director, Dr Chris Wilson, said the veins at El Cristo show similar characteristics to those at Veta Grande, have a similar orientation, and are part of the same sigmoidal zone of dilation.
“The approval of 30 drill pads at El Cristo will allow the company to drill test multiple veins within a zone of dilation that is almost 4 km long and up to 600 m wide,” Dr Wilson said.
“The approved pads will allow the near surface depth extensions of veins to be tested, a strategy that has worked extremely well at Panuco North where the company is currently drilling.
“Of particular interest at El Cristo are those parts of the veins that have historical shafts and surface workings. Historical, unverified channel sample assay results, show robust silver grades and the down-dip extension of these zones are very attractive targets.”
Historically the El Cristo vein system has only been tested by eight angled diamond drill holes, despite comprising multiple veins within a zone of dilation that is four km long and up to 600 m wide. Moreover, these holes targeted the vein at depths of below 100 to 200 metres. There are over 20 known historical near surface shafts and multiple areas with near surface historical workings.
The cumulative strike length of all veins at El Cristo is at least 12 kilometres long. El Cristo an extremely prospective system with numerous high value targets at vein intersections, splays and flexures. Veins display multiphase and brecciated textures, indicative of multiple mineralizing events. The historical surface channel samples, although unverified and not to be relied upon, demonstrate that many veins may be strongly silver anomalous at surface. Vein textures and mineralogy at El Cristo are consistent with the uppermost parts of an intermediate sulphidation system, suggesting robust depth potential.
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