Armadale Capital Plc announced the first assay results of mineralisation exposed by the reopening of historic shafts have confirmed grades of silver and lead mineralisation of up to 1010 g/t silver and 18% lead. A sample of sulphide mineralisation was taken from both the number 2 and number 3 shafts with both samples producing high grades. The sample from shaft number 3 returned 1,010 g/t silver and 18.0% lead, while the sample from the number 2 shaft returned 412 g/t silver and 18.3% lead.

Samples were assayed using XFR in accordance with the JORC code for mineralisation of this type. The deposit has been inaccessible since 1987 due to a cave-in which has now largely been cleared. The Canyon Silver are in the process of installing critical mining infrastructure, including air and water lines, with a further objective to reinstalling electrification up to the hoist room.

Shareholders will be kept updated with progress as it is made. By continuing to open up both Number 2 and Number 3 portals further mineralisation is expected to be exposed in the coming weeks giving the company a good platform to fully explore the size and grade of the deposit. It is currently estimated that it will take 60 days to open up these portals allowing access to more of the deposit, and further work will be considered to open up ore passes and other access between the portal to expose further areas of mineralisation.

With two open tunnels and the employment of modern geological techniques, Armadale believe significant value can be added to the historical information of the mine in a short period of time.