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Denarius Metals Announces Completion of the In-Fill Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain
Drilling program confirms widths and grades of intersections from previous drilling campaigns. Preliminary results from recently finalized geophysical surveys c
About this update from Denarius Metals Corp.
[{"type":"text","content":" Drilling program confirms widths and grades of intersections from previous drilling campaigns. Preliminary results from recently finalized geophysical surveys confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike in two zones to the east. TORONTO, June 20, 2022 (GLOBE NEWSWIRE) -- Denarius Metals Corp. (“Denarius” or “the Company”) (TSXV: DSLV; OTCQB: DNRSF) announced today that it has received complete assays for thirty-one additional drill holes, mainly in-fill holes, totaling approximately 8,236 meters, from the ongoing surface diamond drilling program on its polymetallic Lomero-Poyatos Project in southern Spain. To date, Denarius has completed approximately 22,543 meters of drilling in 75 drill holes, including twinning of historical drill holes. The validation and in-fill phases, totaling 66 holes and representing 81% of the initial program, are now complete. There are three drill rigs onsite continuing with the resource expansion portion of the initial program. In addition to the diamond drilling, the Company has received preliminary results from the recently completed geophysical surveys that confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike to the east in two zones as previously announced based on discoveries made during field mapping. The helicopter-borne time-domain electromagnetic (“TDEM” or “TEM”) and ground-based gravimetric surveys were completed in mid-April and early May, respectively. Key takeaways from the exploration work carried out at the Lomero-Poyatos Project to date include: Validation and in-fill drill holes have generally confirmed the grades and widths of intersections from previous drilling campaigns, increasing the confidence in the geological understanding of the deposit and allowing proper 3D modelling in preparation for a Mineral Resource estimate update by the end of the third quarter of 2022; Drill hole LM22053 was the highlight of the current set of drill holes intersecting 2.65 meters grading 1.69% copper, 0.8% lead, 0.5% zinc, 115.44 g/t silver and 9.56 g/t gold from 268.35 meters; Preliminary results from the integrated interpretation of the recently completed geophysical surveys (NRG Europe’s high-resolution Xcite™ TEM/MAG and gravimetry acquired by IGT of Madrid, combine...