The 2021-2022 exploration drilling program consisted of approximately 9,936 m in 32 diamond drill holes (Table 1) and selected results from this drilling are provided in Table 2. The drilling program was designed to explore the extent of known epithermal vein-hosted silver mineralization on the Property and to begin to define additional silver-mineralized zones and vein systems which were anticipated to run parallel to the existing
Highlights:
- Discovery of third silver-vein system (
Zopilote Zone ) parallel to the Guadalupe andLa Raya zones (Figure 1). - SD-21-49: 625 g/t AgEq1 over 1.55 m (
Guadalupe East Zone ). - SD-21-74: 680 g/t AgEq over 1.65 m (
Guadalupe East Zone ). - SD-21-50: 230 g/t AgEq over 10.35 m (
La Raya Zone ). - SD-21-71: 159 g/t AgEq over 36.80 m (
La Raya Zone ). - SD-21-75: 152 g/t AgEq over 34.70 m (
La Raya Zone ). - SD-21-52: 196 g/t AgEq over 15.10 m and 233 g/t AgEq over 6.45 m (
La Raya Zone ). - SD-21-58: 173 g/t AgEq over 1.05 m (
Zopilote Zone ). - SD-21-81: 147 g/t AgEq over 32.15 m (
Zopilote Zone ).
(1AgEq is calculated using a silver to gold ratio of 75:1,
Figure 1 shows the new Zopilote vein system that is west and parallel to the
The
GoGold’s
The Company’s NI 43-101 Mineral Resource Estimate and Technical Report on the Santo Domingo Property was issued on
Table 1. Summary of diamond drilling completed to date on the
Year | Company | Type of Drilling | Drill Hole Series | No. Drill Holes | Min. Depth (m) | Max. Depth (m) | Length (m) |
1999 | Stroud | DDH | SD-99-01 to 04 | 4 | 18 | 125.5 | 382.5 |
2003 | Stroud | DDH | SD-03-05 to 05B | 2 | 101 | 190 | 291 |
2005 | Stroud | DDH | SD-05-06 to 09 | 5 | 49 | 235.2 | 702.5 |
2006 | Stroud | DDH | SD-06-10 to 13 | 4 | 192.5 | 346.5 | 944 |
2007 | Stroud | DDH | SD-07-14 to 19 | 7 | 71.7 | 349.4 | 1119 |
2008 | Stroud | DDH | SD-08-20 to 30 | 13 | 17.1 | 374 | 2,331.7 |
2011 | Stroud | DDH | SD-11-31 to 45 | 18 | 23.4 | 239.6 | 2,477.7 |
2021 | Stroud | DDH | SD-21-46 to 84 | 26 | 55.5 | 552 | 8,090.9 |
2022 | Stroud | DDH | SD-22-59 to 64 | 6 | 128 | 503 | 1,844.75 |
Total: | 85 | 18,184.05 |
Figure 1. Location of drill hole collars and traces from the 2021 and 2022 diamond drilling and main silver vein trends, overlain on a satellite image,
Drill Core Assay Results
Geological modelling of the
Focus of the 2021 drilling campaign was to confirm the geological and mineral resource model for the La Raya Silver Deposit, as well as deepen exploration drilling to test expected mineralization of the
The 2022 drilling campaign focused on the newly discovered Zopilote silver-mineralized zone, primarily beginning to test the extension, continuity and interpretation of the Zopilote vein system. The location of drill hole collars was limited by the previously approved drilling permit and its planned drill pads which had not accounted for the discovery of the new
Table 2. Selected drill core assay results from the 2021-2022 diamond drilling program.
Drill Hole | From (m) | To (m) | Length (m) | AgEq1 (ppm) | Ag (ppm) | Au (ppm) | Cu (ppm) | Pb (ppm) | Zn (ppm) | Vein System |
SD-21-46 | 148.15 | 149.30 | 1.15 | 85 | 53 | 0.43 | 58 | 352 | 726 | Guadalupe W |
SD-21-46 | 160.80 | 162.70 | 1.90 | 156 | 102 | 0.73 | 33 | 140 | 355 | Guadalupe W |
SD-21-46 | 178.95 | 179.45 | 0.50 | 111 | 68 | 0.57 | 43 | 268 | 561 | Guadalupe W |
SD-21-46 | 222.85 | 223.90 | 1.05 | 40 | 17 | 0.30 | 17 | 106 | 528 | Guadalupe W |
SD-21-46 | 236.30 | 236.70 | 0.40 | 406 | 243 | 2.17 | 66 | 532 | 703 | Guadalupe W |
SD-21-46 | 252.40 | 253.40 | 1.00 | 29 | 20 | 0.13 | 816 | 9,800 | 1,315 | Guadalupe W |
SD-21-46 | 306.20 | 306.85 | 0.65 | 72 | 20 | 0.70 | 193 | 698 | 1,960 | Guadalupe W |
SD-21-49 | 87.00 | 89.15 | 2.15 | 94 | 70 | 0.32 | -- | -- | -- | Guadalupe E |
SD-21-49 | 91.30 | 93.40 | 2.10 | 25 | 14 | 0.15 | -- | -- | -- | Guadalupe E |
SD-21-49 | 103.45 | 105.00 | 1.55 | 625 | 624 | 0.01 | -- | -- | -- | Guadalupe E |
SD-21-49 | 131.05 | 133.75 | 2.70 | 52 | 43 | 0.13 | -- | -- | -- | Guadalupe E |
SD-21-50 | 10.65 | 21.00 | 10.35 | 230 | 138 | 1.22 | 513 | 7,182 | 23,193 | |
SD-21-50 | 67.80 | 71.50 | 3.70 | 133 | 62 | 0.95 | 784 | 13,338 | 29,892 | |
SD-21-50 | 106.80 | 109.80 | 3.00 | 35 | 26 | 0.12 | 162 | 1,289 | 2,245 | |
SD-21-50 | 112.80 | 113.60 | 0.80 | 35 | 25 | 0.13 | 959 | 1,010 | 1,175 | |
SD-21-50 | 119.25 | 128.80 | 9.55 | 51 | 31 | 0.27 | 559 | 3,627 | 5,627 | |
SD-21-50 | 168.00 | 168.40 | 0.40 | 75 | 50 | 0.33 | 4,150 | 38,100 | 132,500 | |
SD-21-51 | 24.00 | 48.00 | 24.00 | 115 | 105 | 0.13 | 42 | 710 | 439 | |
SD-21-51 | 57.00 | 58.50 | 1.50 | 51 | 45 | 0.09 | 27 | 196 | 457 | |
SD-21-52 | 10.80 | 25.90 | 15.10 | 196 | 113 | 1.11 | -- | -- | -- | |
SD-21-52 | 53.10 | 54.95 | 1.85 | 81 | 68 | 0.18 | -- | -- | -- | |
SD-21-52 | 77.95 | 83.40 | 5.45 | 58 | 39 | 0.26 | -- | -- | -- | |
SD-21-52 | 100.50 | 106.95 | 6.45 | 233 | 181 | 0.69 | -- | -- | -- | |
SD-21-52 | 108.10 | 109.25 | 1.15 | 28 | 23 | 0.07 | -- | -- | -- | |
SD-21-52 | 113.95 | 114.25 | 0.30 | 109 | 82 | 0.37 | -- | -- | -- | |
SD-21-52 | 121.25 | 122.65 | 1.40 | 30 | 27 | 0.05 | -- | -- | -- | |
SD-21-57 | 6.00 | 20.70 | 14.70 | 224 | 165 | 0.78 | -- | -- | -- | |
SD-21-57 | 183.35 | 184.40 | 1.05 | 68 | 65 | 0.04 | -- | -- | -- | Guadalupe E |
SD-21-57 | 197.05 | 252.15 | 55.10 | 39 | 24 | 0.20 | -- | -- | -- | Guadalupe E |
SD-21-57 | 259.60 | 260.80 | 1.20 | 65 | 45 | 0.26 | -- | -- | -- | Guadalupe E |
SD-21-58 | 265.30 | 267.05 | 1.75 | 56 | 32 | 0.32 | -- | -- | -- | Zopilote |
SD-21-58 | 279.30 | 280.95 | 1.65 | 34 | 21 | 0.18 | -- | -- | -- | Zopilote |
SD-21-58 | 282.60 | 283.65 | 1.05 | 173 | 96 | 1.03 | -- | -- | -- | Zopilote |
SD-21-58 | 291.60 | 293.35 | 1.75 | 64 | 39 | 0.33 | -- | -- | -- | Zopilote |
SD-21-58 | 322.70 | 324.25 | 1.55 | 35 | 24 | 0.14 | -- | -- | -- | Zopilote |
SD-21-68A | 222.80 | 224.45 | 1.65 | 26 | 22 | 0.05 | 166 | 2,090 | 2,300 | Guadalupe E |
SD-21-68A | 227.90 | 229.60 | 1.70 | 34 | 7 | 0.36 | 59 | 741 | 1,460 | Guadalupe E |
SD-21-69 | 97.30 | 111.85 | 14.55 | 37 | 29 | 0.10 | 39 | 550 | 1,160 | |
SD-21-69 | 125.00 | 173.90 | 48.90 | 72 | 41 | 0.42 | 17 | 169 | 402 | Guadalupe E |
SD-21-71 | 4.20 | 41.00 | 36.80 | 159 | 141 | 0.23 | 130 | 2,297 | 1,967 | |
SD-21-71 | 41.80 | 43.10 | 1.30 | 25 | 23 | 0.03 | 15 | 319 | 781 | |
SD-21-71 | 49.60 | 50.95 | 1.35 | 28 | 21 | 0.09 | 16 | 218 | 662 | |
SD-21-71 | 52.30 | 120.65 | 68.35 | 79 | 66 | 0.18 | 49 | 356 | 946 | |
SD-21-71 | 130.60 | 133.00 | 2.40 | 37 | 28 | 0.12 | -- | -- | -- | |
SD-21-71 | 184.15 | 185.20 | 1.05 | 50 | 29 | 0.28 | -- | -- | -- | Guadalupe E |
SD-21-71 | 203.55 | 204.90 | 1.35 | 49 | 34 | 0.20 | -- | -- | -- | Guadalupe E |
SD-21-71 | 221.25 | 222.75 | 1.50 | 59 | 28 | 0.42 | -- | -- | -- | Guadalupe E |
SD-21-71 | 252.65 | 254.35 | 1.70 | 44 | 10 | 0.45 | -- | -- | -- | Guadalupe E |
SD-21-71 | 275.10 | 282.45 | 7.35 | 45 | 18 | 0.36 | 197 | 1,404 | 3,061 | Guadalupe E |
SD-21-73 | 288.35 | 289.55 | 1.20 | 33 | 8 | 0.33 | 265 | 1,920 | 3,260 | Guadalupe E |
SD-21-74 | 162.55 | 167.35 | 4.80 | 64 | 38 | 0.35 | -- | -- | -- | Guadalupe E |
SD-21-74 | 200.45 | 202.10 | 1.65 | 680 | 679 | 0.01 | -- | -- | -- | Guadalupe E |
SD-21-75 | 60.80 | 62.20 | 1.40 | 26 | 23 | 0.04 | 33 | 561 | 1,555 | |
SD-21-75 | 65.10 | 99.80 | 34.70 | 152 | 60 | 1.23 | 356 | 5,751 | 18,551 | |
SD-21-75 | 107.40 | 108.95 | 1.55 | 25 | 12 | 0.18 | 79 | 866 | 2,670 | |
SD-21-75 | 264.90 | 265.25 | 0.35 | 43 | 13 | 0.41 | 1,190 | 2,760 | 45,000 | Guadalupe E |
SD-21-80 | 264.00 | 264.35 | 0.35 | 63 | 25 | 0.51 | 2,360 | 69,200 | 18,200 | Zopilote |
SD-21-81 | 170.65 | 202.80 | 32.15 | 147 | 106 | 0.55 | 52 | 133 | 242 | Zopilote |
SD-21-81 | 237.00 | 237.50 | 0.50 | 45 | 34 | 0.14 | -- | -- | -- | Zopilote |
SD-21-81 | 295.85 | 320.70 | 24.85 | 56 | 45 | 0.14 | 236 | 7,718 | 4,857 | Zopilote |
SD-21-81 | 335.85 | 336.65 | 0.80 | 53 | 30 | 0.30 | -- | -- | -- | Zopilote |
SD-21-81 | 389.30 | 391.20 | 1.90 | 74 | 46 | 0.37 | -- | -- | -- | Zopilote |
SD-21-81 | 396.90 | 402.60 | 5.70 | 83 | 74 | 0.12 | -- | -- | -- | Zopilote |
SD-21-81 | 408.70 | 409.05 | 0.35 | 47 | 27 | 0.27 | -- | -- | -- | Zopilote |
SD-21-81 | 413.30 | 413.90 | 0.60 | 35 | 17 | 0.24 | -- | -- | -- | Zopilote |
SD-21-82 | 247.80 | 248.95 | 1.15 | 78 | 38 | 0.54 | 26 | 175 | 364 | Zopilote E |
SD-21-84 | 63.30 | 73.00 | 9.70 | 54 | 37 | 0.22 | -- | -- | -- | Guadalupe W |
SD-21-84 | 78.80 | 81.10 | 2.30 | 32 | 23 | 0.13 | -- | -- | -- | Guadalupe W |
SD-21-84 | 86.80 | 88.70 | 1.90 | 39 | 26 | 0.17 | -- | -- | -- | Guadalupe W |
SD-21-84 | 154.25 | 156.25 | 2.00 | 26 | 6 | 0.27 | -- | -- | -- | Guadalupe W |
SD-21-84 | 179.40 | 180.00 | 0.60 | 96 | 52 | 0.59 | -- | -- | -- | Guadalupe W |
SD-21-84 | 330.70 | 332.25 | 1.55 | 61 | 51 | 0.14 | 154 | 284 | 707 | Zopilote E |
SD-22-60 | 54.45 | 56.00 | 1.55 | 26 | 21 | 0.07 | -- | -- | -- | Zopilote E |
SD-22-60 | 81.15 | 83.70 | 2.55 | 140 | 112 | 0.38 | -- | -- | -- | Zopilote E |
SD-22-61 | 84.05 | 88.70 | 4.65 | 60 | 52 | 0.11 | -- | -- | -- | Zopilote E |
SD-22-61 | 94.95 | 96.90 | 1.95 | 30 | 29 | 0.01 | -- | -- | -- | Zopilote E |
SD-22-61 | 104.00 | 104.40 | 0.40 | 61 | 15 | 0.62 | -- | -- | -- | Zopilote E |
SD-22-61 | 271.40 | 272.90 | 1.50 | 46 | 30 | 0.22 | -- | -- | -- | Zopilote |
SD-22-61 | 278.60 | 279.90 | 1.30 | 28 | 12 | 0.21 | -- | -- | -- | Zopilote |
SD-22-61 | 283.80 | 285.95 | 2.15 | 106 | 104 | 0.02 | -- | -- | -- | Zopilote |
SD-22-61 | 336.25 | 337.70 | 1.45 | 37 | 26 | 0.15 | -- | -- | -- | Zopilote |
SD-22-61 | 340.60 | 388.30 | 47.70 | 55 | 42 | 0.18 | 141 | 1,526 | 4,108 | Zopilote |
SD-22-61 | 390.05 | 391.80 | 1.75 | 28 | 10 | 0.24 | 268 | 2,250 | 11,300 | Zopilote |
SD-22-61 | 399.90 | 400.40 | 0.50 | 85 | 71 | 0.19 | 3,620 | 70,900 | 175,000 | Zopilote |
SD-22-61 | 406.80 | 442.25 | 35.45 | 60 | 47 | 0.17 | 33 | 235 | 905 | Zopilote |
SD-22-61 | 444.10 | 444.70 | 0.60 | 26 | 21 | 0.07 | 16 | 62 | 398 | Zopilote |
SD-22-61 | 471.50 | 472.00 | 0.50 | 40 | 32 | 0.11 | -- | -- | -- | Zopilote |
SD-22-61 | 473.00 | 474.75 | 1.75 | 31 | 24 | 0.09 | -- | -- | -- | Zopilote |
SD-22-61 | 480.05 | 487.00 | 6.95 | 63 | 58 | 0.06 | -- | -- | -- | Zopilote |
SD-22-61 | 493.70 | 495.55 | 1.85 | 62 | 45 | 0.23 | -- | -- | -- | Zopilote |
SD-22-62 | 224.35 | 224.60 | 0.25 | 41 | 30 | 0.15 | -- | -- | -- | Zopilote |
SD-22-62 | 231.20 | 232.60 | 1.40 | 37 | 10 | 0.36 | -- | -- | -- | Zopilote |
SD-22-62 | 235.75 | 237.15 | 1.40 | 35 | 23 | 0.16 | -- | -- | -- | Zopilote |
SD-22-62 | 238.60 | 239.75 | 1.15 | 130 | 101 | 0.39 | -- | -- | -- | Zopilote |
SD-22-64 | 189.85 | 220.20 | 30.35 | 57 | 51 | 0.09 | -- | -- | -- | Zopilote |
SD-22-64 | 286.30 | 288.10 | 1.80 | 26 | 8 | 0.23 | -- | -- | -- | Zopilote |
SD-22-64 | 323.50 | 323.95 | 0.45 | 281 | 176 | 1.40 | -- | -- | -- | Zopilote |
SD-22-64 | 328.50 | 329.15 | 0.65 | 30 | 18 | 0.16 | -- | -- | -- | Zopilote |
SD-22-64 | 380.20 | 381.00 | 0.80 | 131 | 88 | 0.57 | -- | -- | -- | Zopilote |
Note: drill core intervals are not true widths and are reported as core lengths; significant assays are considered >25 g/t Ag over a >0.5 m interval.
Qualified Person
Dr
About
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 and uncertainties relating to the interpretation of the drill results, geology, grade and continuity of mineral deposits.
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.
For more information, please visit www.stroudsilver.com or contact
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1fd120c6-694e-47f3-a3cd-bc65afc6cc21
Figure 1.
Location of drill hole collars and traces from the 2021 and 2022 diamond drilling and main silver vein trends, overlain on a satellite image, Santo Domingo Silver Project (Stroud Resources , 2021).
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