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Denarius Silver Announces Start of the Diamond Drilling Program at Its Lomero-Poyatos Project in Spain
TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Denarius Silver Corp. (“Denarius” or the “Company”) (TSXV: DSLV) is pleased to announce that it is commencing its dia
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Denarius Silver Corp. (“Denarius” or the “Company”) (TSXV: DSLV) is pleased to announce that it is commencing its diamond drilling program this week at its polymetallic Lomero-Poyatos Project. The Lomero-Poyatos Projects comprises a 100% interest in the P.I. Rubia, License Nº 14.977 covering the areas occupied by the former Lomero-Poyatos Concessions and the mine within them located within the Iberian Pyrite Belt in the Andalucia Region of southern Spain. This will be the Company’s first diamond drill campaign at its flagship project in Spain and comprises approximately 81 drill holes, including 17 extension holes, for a total of approximately 23,500 meters designed to validate some selected historical holes drilled within the existing mine and then conduct a 50x50 meters in-fill drilling program in the lower levels of the same mine. The Company is fully financed to complete this drilling program. Serafino Iacono, Executive Chairman and Interim CEO of Denarius, commented, “We are excited to be commencing the diamond drill program on the Lomero-Poyatos Project, which allows us to start testing the existing deposit which has a historical estimate in the inferred category of 20.9 Mt of 3.1 g/t gold, 62 g/t silver, 0.9% copper, 0.9% lead and 3.1% zinc. The Lomero-Poyatos deposit was not cut off either down dip or along strike, indicating the potential for significant growth. This is an important step forward for Denarius, with more to follow to unlock long-term value for our shareholders\". Two rigs provided by Explomin Perforaciones UE will initially run the drilling program. The Company has established COVID-19 safety protocols for ensuring a secure work environment for its employees and contractors. Please refer to the news release dated July 26, 2021 for further details of this drilling program and the historical mineral resource estimate for the Lomero-Poyatos Project. Qualified Persons Review The scientific and technical information in this news release has been reviewed and approved by Ben Parsons, Principal Consultant (Resource Geology) with SRK Consulting (US) Inc, a “Qualified Person” as defined under National Instrument 43-101. About Denarius Denarius is a Canadian-listed public company engaged in the acquisition, exploration, development and eventual operation of mining pr...