Silver Bulls' Struggles Continue
Impact Silver (TSXV:IPT) encountered higher grades of silver at its Mirasol prospect in central Mexico. Furthermore, the second-phase drill program at the property has resulted in the discovery of a cluster of new silver veins. The company said that for the first time since it began exploration drilling in 2006, the top of a new silver-bearing vein has been discovered in the district; it believes that the entire mineralized system is preserved at depth.
Kootenay Silver (TSXV:KTN) released the results from eight step-out drill holes at its 30,000-meter drill and resource expansion program at the Promontoria project in Sonora, Mexico.
The press release notes that highlights include, "62 gpt silver Eqv over 47 meters including 94 gpt silver Eqv over 17 meters (47 meters grading 31 gpt Ag and 1.32% Pb+Zn including 17 meters grading 48 gpt Ag and 2.0 % Pb+Zn)," as well as "152 gpt silver Eqv over 5 meters (grading 89 gpt Ag and 2.74% Pb+Zn), 80 gpt silver Eqv over 6 meters (36 gpt Ag and 1.89% Pb+Zn), 129 gpt Ag Eqv over 3 meters (74 gpt Ag and 2.4% Pb+Zn) within 20 meters of 36 gpt silver Eqv (19 gpt Ag and 0.73% Pb+Zn)."
CEO James McDonald said wide intervals of altered diatreme facies (units) with mineralized intervals encountered over drilled lengths to 380 meters again confirm that the system is very large and robust.Securities Disclosure: I, Michelle Smith, do not hold equity interests in any companies mentioned in this article. Related reading: Silvercorp Slapped with Lawsuits for Deception Silver Bulls' Struggles Continue from Silver Investing News
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