Highlights:
Hole 21-CARC-36 intersected 62.5m of 0.43g/t Aueq, including a higher-grade interval of 9.1m of 0.95 g/t Aueq
Holes 21-CARC-35, 37 and 38 successfully expanded gold mineralization down-dip between 50 and 150m
Hole 21-CARC-38 increased total length of Capitan deposit to approximately 500m down-dip, on cross-section 250
Mineralization continues to remain open down-dip and on-strike, mainly in the south-eastern portion of the deposit
Discussion
All holes reported herein were designed to either extend Capitan style mineralization down-dip/down plunge along section lines, or as infill hole(s) that attempt to refine the boundaries and extend the continuity of high-grade shoots that are nested within the Capitan deposit mineralized envelope.
Down-dip Extensions
Drill holes 21-CARC-35, 37 and 38 were designed to expand mineralization down-dip on three different cross sections within the Capitan zone. All holes successfully intersected both Hanging wall style and Capitan Style mineralization down-dip from previously drilled holes. These holes extended mineralization between 50 and 150m along their respective sections, with mainly oxide-style mineralization being returned in these holes.
Hole 21-CARC-38 expanded mineralization about 150m down-dip from hole 21-CARC-26, bringing the total length of the mineralization in that cross section to about 500m from surface.
Strategic infill: Defining High-grade shoots
Drill hole 21-CARC-36 was an in-fill hole designed to better define a moderately southwest plunging, high-grade shoot, that it is located within the center of the Capitan deposit. This shoot has been interpreted to represent the intersection of the main Capitan Fault and the east-northeast trending Gully Fault, which is believed to also control high-grade Ag mineralization at the
Expansion To the North-West
Drill hole 21-CARC-34 was designed to target the on-strike extension of the Capitan main zone approximately 95m to the west of hole 21-CARC-20. The hole encountered a steeply dipping post-mineral fault and remained in post-mineral cover through most of its length. No significant values were returned related to the Hanging wall or Capitan main zone.
Qualified Person & QA/QC:
The scientific and technical data contained in this news release pertaining to the
RC drill samples from the
All summarized intervals reported in this press release were calculated using a 0.10 ppm Au cut-off grade. Intervals contain no more than 3 metres of internal dilution. High grades have not been capped.
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