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Pacifico Property
A geochemical sampling program consisting of extended stream sediment sampling and reconnaissance soil lines was carried out in 2020. The silt sampling surpassed the 2019 high of 1,152 ppm with an extremely anomalous 2,512 ppm cobalt. Altogether 8 separate stream sediment sample sites on the Pacifico property have now recorded values in excess of 1,000 ppm cobalt. To put these values in context, one can refer to the more than 64,000 stream sediment/moss mat samples which have been taken over a 40 year period throughout the province of
One of two recon soil sample lines (almost a kilometer in length) produced two consecutive anomalous results of 255 and 1,145 ppm cobalt which are the first indications on the property of possible proximity to source rock. These soil anomalies were situated close to altered bluffs and will be followed up immediately in 2021.
A 439.5 km long, airborne magnetometer survey was also completed in 2020 over the Pacifico property (see map). The geophysicist who interpreted the data has outlined four additional areas on the property with similar characteristics to the high cobalt anomalous sites. Rather than a single source for the various anomalies, it now appears that a number of discrete sources are giving rise to the anomalies, possibly related to the many fault structures on the property.
Further work is planned in the upcoming months. This will include expanded geochemical surveys, prospecting and geological mapping. Any targets defined by this work will be followed up by drilling. The cobalt price has almost doubled in the past year and now stands at
A drill permit was received on
Two types of targets present themselves. The first are deep ZTEM anomalies on both the Midas and the Konkin Silver. The ZTEM anomaly in the northern portion of the Midas claim is situated close to and below a zone which is geologically quite similar to the Argo zone drilled in 2020 by Decade on the Del Norte property adjoining directly to the north. This Midas zone was drilled by
The second target is a series of silver structures discovered in the 1990s on the Konkin Silver but never drilled. These include the Niknok, Onkkin and the Leszek. The Niknok was trenched and returned values of 18.98 oz/ton silver across 9.0 m and the Leszek was chip sampled and returned 0.202 oz/ton gold and 16.4 oz/ton silver over 4.0 m.
About Silver Grail
Silver Grail owns interests in over 12 mineral properties in the southern portion of
URL for Pacifico Map: http://silvergrail.com/Pacifico-Geophysics
Respectfully:
“Dino Cremonese,
President
For more information contact Investor Relations at 778-430-5680 orbarry@teuton.com. If you would like to be added to Silver Grail’s news distribution list, please send your email address todino@teuton.com.
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Copyright (c) 2021 TheNewswire - All rights reserved., source