Key Highlights
Widespread Mineralization: All 54 holes were mineralized from top to bottom with an average thickness of 2.9 m and average grade of 72 g/t AgEq (44 g/t Ag and 0.28 g/t Au). The thickest section of tailings was in BH19-1 where 6.35 m returned 75 g/t AgEq (49 g/t Ag and 0.27 g/t Au). The thinnest section of tailings was in BH20-21 where 0.10 m returned 74 g/t AgEq (50 g/t Ag and 0.24 g/t Au).
Extensive Historic Production: The tailings are the by-product of historic mine and mill production from underground operations in the
Large Area and Simple Access: The tailings are situated on patented mining claims and cover an area of approximately 1,200 m by 280 m (84 acres), located immediately adjacent to
Evaluation is On-Going: The Company is initiating both density and bench-scale metallurgical testing with results expected later this year.
Core Drilling Continues: The previously announced 10,000 m drill program is well underway with 6 holes completed. Two core rigs are now fully operational on the project. All holes have intersected zones of quartz veins, stockworks and breccias featuring visible silver-sulfosalt minerals, which is often a strong indication that the core is mineralized. Upon receipt of assays, the results will be compiled and announced in a timely manner.
AgEq based on 100 (Ag):1 (Au)
Auger-Hole Program Description
Holes were auger-drilled by hand at a vertical orientation and at approximate spacings of 50 to 90 m between holes. Samples were collected at systematic intervals which ranged from 0.25 to 1 m. Each hole was sampled from top to bottom. Holes were terminated at the bottom of the tailings pile as indicated by the presence of ground soil or bedrock.
Analytical and QA/QC Procedures
Samples were sent to
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.
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