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Americas Gold and Silver Provides Galena Complex Update
TORONTO / Apr 04, 2023 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North Am
About this update from Americas Gold And Silver Corporation
[{"type":"text","content":"TORONTO / Apr 04, 2023 / Business Wire / Americas Gold and Silver Corporation (TSX: USA) (NYSE American: USAS) (“Americas” or the “Company”), a growing North American precious metals producer, is pleased to provide an update for its Galena Complex Joint Venture (60% Americas / 40% Eric Sprott). Highlights Recent drilling at the Galena Complex has focused on deep extensions to the far east of the operation at the Caladay Zone and infilling a drilling gap at the 360 Complex, with significant drill results highlighting the potential to expand currently modelled resources to the east and increase mineral resource at depth. Hole 46-324: 299 g/t silver and 12.0% lead (731 g/t silver equivalent [1]) over 7.3 m [2] including: 415 g/t silver and 14.4% lead (934 g/t silver equivalent) over 1.1 m including: 521 g/t silver and 24.5% lead (1,404 g/t silver equivalent) over 1.1 m Hole 49-626: 650 g/t silver and 11% lead (1,054 g/t silver equivalent) over 7.7 m including: 1,209 g/t silver and 16.3% lead (1,815 g/t silver equivalent) over 0.6 m including: 521 g/t silver and 6.4% lead (759 g/t silver equivalent) over 1.1 m including: 1,797 g/t silver and 27.5% lead (2,817 g/t silver equivalent) over 1.0 m including: 1,005 g/t silver and 25.1% lead (1,914 g/t silver equivalent) over 0.8 m Development on the 3700 Level in late 2022 allowed access to high-grade silver stopes and development has started on the 4300 Level to access additional stopes to coincide with the completion on the Galena Hoist which is expected to boost tonnage and overall production in H2-2023. The Galena Hoist project remains on track to be completed and become fully operational by the end of Q2-2023 which will support plans to increase production, improve operational flexibility and overall operational economics due to the benefits of scaling on the existing cost base. “The Galena Complex has had a solid production start to 2023 and we anticipate providing Q1-2023 production results towards the middle of April. The anticipated completion of the Galena Hoist by the end of the second quarter is expected to build on this early performance with the additional hoisting capacity and operational flexibility,” stated Americas President and CEO Darren Blasutti. “We are also very encouraged by the drill results from the 4600 Level and 4900 Level. The 4600 Level results could add and ...