Sporadic surface exploration since 2011 has resulted in several surface showings comprised of epithermal precious and base metal mineralization (Au-Ag+/-Cu-Pb-Zn). Recent exploration at Diamante has been focused on Diamante II and includes property wide geological mapping, evaluation and sampling of historical showings, collection and analyses of 49 steam sediment samples, and assay of 60 outcrop samples.
Highlights of the 2023 work to date is the discovery of new mineralized showings in the southern and northern parts of the concession. Assays of 3.52 g/t Au and 121 g/t Ag from one showing and assays of 0.122 g/t Au and 197 g/t Ag from a second showing are on the southern part of the property in the area of Calton and Southern target areas which incudes a past sample of 39.8 /t Au and 109 g/t Ag. In the northern part of the Diamante II concession, samples returning assays of .818 g/t Au (5.07 g/t Ag) and 0.749 g/t Au (2.13 g/t Ag) are located approximately 250 metres northwest of the historical Mezquite-Raizudo showing which includes a sample which returned an assay of 5.64 g/t Au. A component of the field work completed to date has been geological mapping and evaluation of historical showings. Confirmation of the historical showings includes a sample which returned an assay of 3.34 g/t Au and 20 g/t Ag from the Calton target area.
The Diamante property is comprised of the Diamante I and Diamante II concessions which contain numerous historical artisanal and small scale mining sites. Colibri and Silver Spruce commenced exploration on the Diamante property during 2021 and during 2022. Colibri, as operator, and Silver Spruce completed the first-ever drill program on the Diamante property at the prioritized
Highlighted results included 2.48 grams per tonne ('g/t') Au and 56.7 g/t Ag over an intersection length of 9.0 metres ('m') from
About the Diamante Property
The Diamante Property is located within a belt of epithermal Au-Ag mineralization hosted by the
The 1,057-hectare Diamante Property is located adjacent to the Company's Jackie property which covers 1,130 hectares. The Diamante property hosts a number of historical showings and combined with mineralization on the Jackie property exhibit the geological characteristics of epithermal low to intermediate sulfidation Ag-Au (Pb-Zn), high sulfidation Au-Cu, and potential transition zones within and peripheral to porphyry style Au-Cu mineralization.
About
Contact:
Tel: (250) 521-0444
Email: gdavison@silverspruceresources.com
Tel: (902) 402-0388
Email: mkinley@silverspruceresources.com
Notice Regarding Forward-Looking Statements
This news release contains 'forward-looking statements,' Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
(C) 2023 Electronic News Publishing, source