- Significant near surface coincident Induced Polarization and Resistivity anomaly matching historical trend of the
Crown Point Mine - Geophysical anomaly located near surface plunging greater than 500 metres at depth and extends continuously greater than 500 metres on strike to the west approaching the
Blackhawk Mine - Silver, zinc, lead, copper, cadmium, antimony – strong anomalous geochemistry results from all elements collected along strike and coincident with geophysics
- Vein structure identified from historic trenching on surface with results returning 221 g/t silver and 1% lead
Crown Point fault structure mapped and interpreted to be a linking structure between the district scaleOsburn fault and the Curlew fault. This fault relationship is consistent with numerous other major mines along a 30-kilometre trend in the prolific Silver Valley- One of seven high priority large target areas defined from 2022 exploration campaign within a 3km x 2km area
- Historical production: 63,098 tons grading 301 g/t silver and 10.18% lead, no recovery of zinc due to no past recovery capabilities – expect to see a component of zinc in the future drilling campaign
To view exploration results in a compelling multi-media video that shows stopes, underground workings and the significant scale and scope potential beyond what has been historically mined which is supported by exploration results click: https://tinyurl.com/yc7327fs
To view exploration results in presentation format: https://tinyurl.com/2d4jakn8
The Crown Point Target is the down plunge extension of the historic
To view an enhanced version: Geophysics: Induced Polarization Anomaly click:
https://tinyurl.com/yxds99tn
To view an enhanced version: New Drill Target Areas click: https://tinyurl.com/3zy42u9f
To view an enhanced version of Figure 3: Crown Point Target Area click:
https://tinyurl.com/s5n32s9h
The ground Induced Polarization and Resistivity surveys indicate a significant anomaly exists above and below the existing
See video to view proximity of
The background induced polarization readings observed at the
A surface geochemical program was initiated to further validate the geophysics targets. Samples were collected from the B and C soil horizons on a 30-metre spacing. At each location, a pit was dug until refusal (could not dig deeper). The B and C soil horizons were sampled separately to assess and compare geochemical results from Ranger-Page weathered bedrock and soils to results published in other Silver Valley geochemical studies. Samples were described, photographed, staked and location data collected via GPS. Results were loaded into Leapfrog Geo and displayed via a proportional grade plot to highlight high values.
To view the geochemical surface results on plan maps please click here:
https://tinyurl.com/2d4jakn8
Results over the
Photo of a typical sample pit. https://tinyurl.com/4jah457b
B Horizon Geochemical Results:
LDL | <5 ppm | <1 ppm | <2 ppm | <5 ppm | <5 ppm | <2 ppm | <3.4 | |||
Sample ID | Easing | Northing | Elevation | As | Cd | Cu | Pb | Sb | Zn | Ag |
GCE-2-17B | 561609 | 5264237 | 897 | 37.6 | <1.0 | 66.0 | 331.0 | 37.3 | 94.6 | <3.4 |
GCE-2-18B | 561624 | 5264260 | 896 | 30.4 | <1.0 | 25.2 | 1070.0 | 21.4 | 86.4 | <3.4 |
GCE-2-19B | 561644 | 5264277 | 893 | 30.3 | <1.0 | 15.9 | 414.0 | 19.6 | 51.4 | <3.4 |
GCE-2-20B | 561658 | 5264300 | 888 | 22.1 | <1.0 | 18.0 | 585.0 | 22.7 | 98.9 | <3.4 |
GCE-3-9B | 561664 | 5264248 | 918 | 27.1 | <1.0 | 11.0 | 101.0 | 19.1 | 52.5 | <3.4 |
CP-1-1B | 561638 | 5264420 | 823 | 28.0 | 1.7 | 21.7 | 87.6 | 23.5 | 208.0 | <3.4 |
CP-1-2B | 561620 | 5264393 | 827 | 9.8 | <1.0 | 12.4 | 35.5 | 16.6 | 91.4 | <3.4 |
CP-1-3B | 561595 | 5264373 | 827 | 10.4 | 5.0 | 11.0 | 80.7 | 17.0 | 340.0 | <3.4 |
CP-1-4B | 561572 | 5264360 | 826 | 18.1 | 1.3 | 17.8 | 410.0 | 21.1 | 158.0 | <3.4 |
CP-1-5B | 561558 | 5264321 | 836 | 27.8 | 2.2 | 17.8 | 190.0 | 20.9 | 133.0 | <3.4 |
CP-2-1B | 561682 | 5264396 | 864 | 23.0 | 10.1 | 17.9 | 63.1 | 19.4 | 708.0 | <3.4 |
CP-2-2B | 561662 | 5264364 | 863 | 12.1 | 3.8 | 12.6 | 104.0 | 20.3 | 199.0 | <3.4 |
CP-2-3B | 561636 | 5264337 | 863 | 10.8 | 5.3 | 13.1 | 85.8 | 16.0 | 898.0 | <3.4 |
CP-2-4B | 561612 | 5264312 | 867 | 36.6 | 1.5 | 17.6 | 435.0 | 24.0 | 117.0 | <3.4 |
CP-2-5B | 561599 | 5264293 | 867 | 26.2 | 1.1 | 18.3 | 373.0 | 22.0 | 115.0 | <3.4 |
CP-3-1B | 561717 | 5264357 | 882 | <5.0 | 5.3 | 8.4 | 19.5 | 15.4 | 229.0 | <3.4 |
CP-3-2B | 561696 | 5264339 | 880 | 6.3 | <1.0 | 9.3 | 30.9 | 18.3 | 53.8 | <3.4 |
CP-3-3B | 561678 | 5264316 | 883 | <5.0 | 2.5 | 12.0 | 31.3 | 17.2 | 156.0 | <3.4 |
CP-4-1B | 561677 | 5264270 | 897 | 45.5 | <1.0 | 24.3 | 1050.0 | 24.8 | 73.1 | <3.4 |
CP-4-2B | 561699 | 5264294 | 897 | <5.0 | <1.0 | 9.8 | 122.0 | 18.8 | 93.3 | <3.4 |
CP-4-3B | 561714 | 5264318 | 891 | 19.7 | 2.5 | 14.7 | 90.4 | 17.4 | 159.0 | <3.4 |
CP-5-1B | 561766 | 5264354 | 871 | 11.0 | 14.1 | 18.1 | 42.3 | 17.7 | 1100.0 | <3.4 |
CP-5-2B | 561771 | 5264318 | 878 | 5.4 | 5.0 | 12.4 | 43.0 | 17.4 | 266.0 | <3.4 |
CP-5-3B | 561769 | 5264287 | 877 | 5.2 | 4.3 | 9.6 | 46.0 | 17.1 | 177.0 | <3.4 |
CP-5-4B | 561765 | 5264257 | 881 | 14.6 | 1.4 | 15.0 | 580.0 | 20.2 | 134.0 | <3.4 |
CP-5-5B | 561762 | 5264227 | 878 | 18.2 | 6.5 | 14.7 | 225.0 | 21.0 | 344.0 | <3.4 |
CP-6-1B | 561813 | 5264236 | 858 | 14.0 | 4.1 | 14.4 | 439.0 | 17.4 | 367.0 | <3.4 |
CP-6-2B | 561814 | 5264266 | 858 | 7.9 | 4.0 | 13.1 | 96.8 | 18.2 | 786.0 | <3.4 |
CP-6-3B | 561817 | 5264300 | 859 | <5.0 | 3.2 | 10.8 | 82.0 | 16.5 | 191.0 | <3.4 |
CP-6-4B | 561821 | 5264334 | 857 | 7.2 | 3.7 | 16.7 | 44.2 | 16.7 | 262.0 | <3.4 |
CP-6-5B | 561817 | 5264364 | 855 | 16.1 | 1.7 | 19.7 | 40.2 | 19.4 | 216.0 | <3.4 |
C Horizon Geochemical Results:
LDL | <5 ppm | <1 ppm | <2 ppm | <5 ppm | <5 ppm | <2 ppm | <3.4 | |||
Sample ID | Easing | Northing | Elevation | As | Cd | Cu | Pb | Sb | Zn | Ag |
GCE-2-17C | 561609 | 5264237 | 897 | 167.0 | <1.0 | 550.0 | 281.0 | 304.0 | 212.0 | 27.1 |
GCE-2-18C | 561624 | 5264260 | 896 | 38.9 | <1.0 | 19.1 | 123.0 | 19.7 | 48.2 | <3.4 |
GCE-2-19C | 561644 | 5264277 | 893 | 40.2 | <1.0 | 26.9 | 125.0 | 24.7 | 39.5 | <3.4 |
GCE-2-20C | 561658 | 5264300 | 888 | 44.8 | <1.0 | 29.7 | 176.0 | 24.7 | 40.2 | <3.4 |
GCE-3-9C | 561664 | 5264248 | 918 | 34.7 | <1.0 | 23.0 | 460.0 | 30.7 | 24.9 | 8.5 |
CP-1-1C | 561638 | 5264420 | 823 | 21.2 | 1.1 | 36.6 | 33.4 | 37.9 | 127.0 | <3.4 |
CP-1-2C | 561620 | 5264393 | 827 | 6.4 | <1.0 | 4.2 | 14.7 | 33.9 | 124.0 | <3.4 |
CP-1-3C | 561595 | 5264373 | 827 | 25.5 | <1.0 | 17.5 | 125.0 | 36.7 | 113.0 | <3.4 |
CP-1-4C | 561572 | 5264360 | 826 | 21.6 | <1.0 | 14.9 | 394.0 | 35.9 | 76.5 | <3.4 |
CP-1-5C | 561558 | 5264321 | 836 | 69.1 | <1.0 | 16.0 | 240.0 | 33.1 | 60.1 | <3.4 |
CP-2-1C | 561682 | 5264396 | 864 | <5.0 | 2.0 | 5.0 | 78.6 | 35.4 | 158.0 | <3.4 |
CP-2-2C | 561662 | 5264364 | 863 | 79.6 | <1.0 | 17.2 | 70.2 | 33.5 | 144.0 | <3.4 |
CP-2-3C | 561636 | 5264337 | 863 | 8.7 | <1.0 | 3.9 | 76.5 | 38.4 | 82.3 | <3.4 |
CP-2-4C | 561612 | 5264312 | 867 | 27.2 | <1.0 | 32.5 | 460.0 | 36.7 | 56.7 | <3.4 |
CP-2-5C | 561599 | 5264293 | 867 | 27.9 | 3.1 | 29.2 | 650.0 | 38.0 | 724.0 | 7.1 |
CP-3-1C | 561717 | 5264357 | 882 | <5.0 | <1.0 | 2.7 | 13.4 | 35.8 | 79.6 | <3.4 |
CP-3-2C | 561696 | 5264339 | 880 | 7.9 | <1.0 | 3.0 | 11.6 | <5.0 | <2.0 | <3.4 |
CP-3-3C | 561678 | 5264316 | 883 | <5.0 | <1.0 | 4.3 | 11.0 | <5.0 | <2.0 | <3.4 |
CP-4-1C | 561677 | 5264270 | 897 | 123.0 | <1.0 | 31.4 | 1240.0 | 50.8 | 62.5 | 5.0 |
CP-4-2C | 561699 | 5264294 | 897 | 26.7 | <1.0 | 22.7 | 292.0 | 34.7 | 140.0 | <3.4 |
CP-4-3C | 561714 | 5264318 | 891 | 21.3 | <1.0 | 7.9 | 17.8 | 38.2 | 69.3 | <3.4 |
CP-5-1C | 561766 | 5264354 | 871 | <5.0 | <1.0 | 3.5 | 11.1 | 22.1 | 66.4 | <3.4 |
CP-5-2C | 561771 | 5264318 | 878 | 10.6 | 1.0 | 6.9 | 20.9 | 29.5 | 102.0 | <3.4 |
CP-5-3C | 561769 | 5264287 | 877 | 21.6 | <1.0 | 4.7 | 36.2 | 32.9 | 74.3 | <3.4 |
CP-5-4C | 561765 | 5264257 | 881 | 18.6 | <1.0 | 13.2 | 658.0 | 26.4 | 63.2 | <3.4 |
CP-5-5C | 561762 | 5264227 | 878 | 57.3 | <1.0 | 31.5 | 520.0 | 56.0 | 76.2 | <3.4 |
CP-6-1C | 561813 | 5264236 | 858 | 26.8 | 1.3 | 26.3 | 660.0 | 47.3 | 175.0 | <3.4 |
CP-6-2C | 561814 | 5264266 | 858 | <5.0 | <1.0 | 6.6 | 23.9 | 29.9 | 126.0 | <3.4 |
CP-6-3C | 561817 | 5264300 | 859 | 10.1 | <1.0 | 6.2 | 20.3 | 35.4 | 91.0 | <3.4 |
CP-6-4C | 561821 | 5264334 | 857 | 5.9 | 1.3 | 5.9 | 24.4 | 37.5 | 124.0 | <3.4 |
Atomic absorption analysis for Silver:
ICP-OES analysis for 35 element analysis:
All samples are subjected to a 4 acid digestion. Digestion QC consists of a reagent blank, control standard and for every 20 samples there is a duplicate of a sample pulp to check RPD. To begin ICP-OES analysis, the instrument is standardized with the five working standard solutions (multi-point linear fitting). Samples are then measured with the reagent blank, control standard and a CCV (continuous calibration verification). Once samples are analyzed, all QC is checked, and results are sent to LIMS system to be made into the client's report.
The Project comprises 6 historical mines on patented claims, without royalties. The largest of these, the
Historical mining on the properties shared underground infrastructure which connected the larger Page mine with five shallow historic mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historic mines is considered significant as modern systematic exploration is being applied to the project for the first time.
On behalf of the Board of Directors of
"Brandon Rook"
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
View original content to download multimedia:https://www.prnewswire.com/news-releases/silver-valley-metals-reports-exploration-results-from-the-crown-point-mine-numerous-high-priority-drill-targets-identified-at-its-ranger-page-project-in-the-silver-valley-northern-idaho-usa-301731287.html
SOURCE
© Canada Newswire, source