Kootenay President and CEO James McDonald states, In this classic low sulfidation vein system it is very encouraging to see chip results returning 1,700 gpt, 1,030 gpt, 1,155 gpt silver with gold up to 1.2 gpt. These grades indicate potential for discovery of truly high-grade ore shoots. It is also positive that sampling is returning consistently anomalous silver and gold. The next stage of work will consist of continued mapping and detailed chip and panel sampling across the veins once the rainy season ends.
Silver Vipers President and CEO Steve Cope states, The slow start to Phase I drilling has required patience. We are now extremely happy to be underway. The project has great potential and we look forward to advancing the exploration effort to include additional areas of interest in the claim areas.
N. Eric Fier, CPG, P.Eng and CEO, remarked, The delivery of this updated resource estimate is another major milestone for SilverCrest as we continue to systematically expand high-grade mineralization in the Las Chispas district. In the spring of 2018, we started our Phase III drill program with a Q3 target of 75 to 85 million ounces silver equivalent at a grade of around 600 gpt AgEq. With the recent expansion and discovery of multiple high-grade veins and zones, this target has been exceeded with an updated Inferred Resource of 4.3 million tonnes grading 623 gpt AgEq for an estimated 86.7 million AgEq ounces. The most exciting aspects of this resource update are the high-grade resources identified in the Area 51 zone of the Babicanora Vein and the Babicanora Norte Vein.
Southern Silver Exploration Corp. reported today that additional metallurgical test work on the Skarn Front deposit from the Cerro Las Minitas Project has resulted in both the successful separation of a potential saleable grade copper concentrate as well as the generation of a cleaner zinc concentrate grading above 50% zinc without sacrificing zinc, lead or silver recoveries.?
Luis Castro, Vice President, Exploration for Endeavour Silver, commented, These infill drill results helped us meet our goal this year to increase our measured and indicated resources. The high silver and gold grades, excellent continuity of mineralization and significant exploration upside to expand the resources reinforce our view that Terronera has the potential to become the next key asset for the Company.
Mr. Barry Devlin, Vice President of Exploration, commented, Our 2018 drill campaign at Alta Gracia was a success on many fronts, particularly the discovery of a wide, high-grade zone within the Independencia vein system and the potential expansion to the Mirador Mine. "
Underground drilling at Platosa continues to deliver great results, stated Ben Pullinger, Senior Vice President Geology. We are especially encouraged by the elevated gold values and significant widths encountered in the drilling at the 623 Manto in EX18UG434 and 435, which exceeded our expectations and are worthy of follow-up.