(via TheNewswire)
Pacifico Property
The Pacifico is a large property located at the northern end of
Recently a geologist with expertise in petrography examined the property and took four large stream sediment samples from anomalous stream courses. He then examined the minute particles contained in the samples. Here is part of what he wrote in a preliminary report:
“What is really surprising is that these samples are composed almost entirely (> 99%) of Fe and Mn oxides and accompanying quartz and sericite i.e., minerals not observed in large amounts in the local outcrops. Surprisingly, there are almost no fragments of green andesitic rocks as observed in all local outcrops. It looks like these 4 samples represent material from a completely oxidised and disintegrated mineralized zone. The zone must be of substantial size as there is no other way to explain such a big concentration of mineralized (Fe, Mn) and altered fragments. Sections of the creeks where the examined samples were collected either cut through or are very close to a large cobalt bearing zone.There is a good chance that just by using an excavator to dig closely spaced pits close to these samples, we can expose the cobalt bearing zone(s).”
Fragments from these stream sediment samples were sent for thin section analysis at Vancouver Petrographics. Other samples have been sent to UBC for Xray Diffraction in order to identify mineral constituents. Once these results are in hand, the Company will begin the next step of exploration at the Pacifico.
Silver Grail owns 100% of the Pacifico property, subject to a 2% NSR.
The
It was first staked in 1985 because of high silver stream sediment anomalies recorded in the BC government Regional Geochemistry database. Float samples have been found in creeks running to 92 oz/ton silver and 1.33 oz/ton gold. An airborne survey defined a prominentmagnetic low lying between two silver anomalous creeks, and talus fine and soil sampling has also defined a multi-element Ag-Cu-Pb-Zn anomaly. Drilling in one location disclosed zinc-silver mineralization. Although the property has not been explored for many years, the recent rise in silver prices has renewed interest in the area.
Prospecting samples taken in 2006 from two mineralized zones on the
Silver Grail plans further prospecting in 2021 on the
Both the
URL for map: https://silvergrail.com/tongafijimap
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.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon.
The
information contained herein.
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Copyright (c) 2021 TheNewswire - All rights reserved., source