Key Highlights
Extensive Coverage: Over 2,700 samples were collected over a 5 km2 area representing the first-ever soil survey across this highly prospective land package.
Robust Anomalies: Numerous multi-element soil anomalies are defined by high concentrations of arsenic, copper and lead.
Overlapping Targets: The new soil anomalies are coincident with zones of hydrothermal alteration at surface and the recently identified geophysical anomalies.
Strong Potential for Discovery Under Cover: These coincident anomalies are interpreted to represent concealed, structurally controlled alteration zones host to possible epithermal-related mineralization.
Targets Never Drilled: Plans for systematic drill testing are being finalized and targets will be selected following the near-term completion of geological mapping.
Current Drill Program Extended: With the ongoing intersection of bonanza grade mineralization on the property including 11,992 g/t silver equivalent (5,969 g/t Ag and 60.2 g/t Au) over 0.9 m within 4,408 g/t silver equivalent (2,252 g/t Ag and 21.6 g/t Au) over 2.8 m in SUM21-30, drilling will continue in excess of the originally planned 10,000 m.
Assays Pending: So far in 2021 the Company has completed 17 holes and assays for 15 holes remain pending.
The goal of the soil geochemical survey was to generate new exploration targets by focusing on pathfinder element anomalism known to be associated with Tonopah-style epithermal-related, high-grade silver and gold mineralization (e.g., As, Zn, Pb, Cu). The survey footprint covered the prospective eastern extension of the historic
The 5 km2 soil survey consisted of 2,700 samples collected from two grids. The northern grid comprised 17 east-west oriented lines spaced 100 metres apart with samples spaced 25 metres along the lines. The contiguous southern grid consisted of 30 north-south oriented lines spaced 100 metres with samples spaced 25 metres along the lines. Samples were analyzed using a tailored portable Xray fluorescence spectrometer (pXRF) workflow to measure elemental concentrations from prepared sample mounts in the field. Samples were prepared and analyzed daily.
Preliminary pXRF data highlights numerous multi-element (As+Zn+Pb+Cu) soil anomalies spatially associated with property-scale, northwest trending faults and previously reported high-chargeability and high-resistivity anomalies. These coincident anomalies are interpreted to represent concealed, structurally controlled alteration zones host to possible epithermal-related mineralization. Targets are currently being refined and evaluated in the field through detailed geological and structural mapping. Plans to systematically drill test priority targets are ongoing, including permitting of drill pads.
A selection of samples from key lines will be submitted to the lab for low-detection ICP-MS analyses to better define trends in key elements such as silver, antimony and gold. These data will be used to refine the exploration models and interpreted depths of targets.
Data Acquisition
Additionally, the Company has entered into an agreement with
About
Contact:
Nima Shafigh
Tel: 604-684-6730
Email: SSVR@kincommunications.com
Cautionary note regarding forward-looking statements
This news release contains certain 'forward looking statements' and certain 'forward-looking information' as defined under applicable Canadian and
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the current COVID-19 pandemic; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions and other related risks and uncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
(C) 2021 Electronic News Publishing, source