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First Majestic Intersects 19.35 g/t Au over 23.2m in Potential New High-Grade Gold Zone at Jerritt Canyon; Follow-up Drilling Confirms Presence of High-Grade Gold Pod near Active Underground Mining in Smith Mine
Vancouver, British Columbia--(Newsfile Corp. - August 23, 2022) - First Majestic Silver Corp. ...
About this update from First Majestic Silver Corp.
[{"type":"text","content":"First Majestic Intersects 19.35 g/t Au over 23.2m in Potential New High-Grade Gold Zone at Jerritt Canyon; Follow-up Drilling Confirms Presence of High-Grade Gold Pod near Active Underground Mining in Smith MineVancouver, British Columbia--(Newsfile Corp. - August 23, 2022) - First Majestic Silver Corp. (NYSE: AG) (TSX: FR) (the \"Company\" or \"First Majestic\") is pleased to announce additional positive drill results from its ongoing exploration program at the Jerritt Canyon Gold Mine (\"Jerritt Canyon\") located in Elko County, Nevada. \"Today's exploration results continue to validate our thesis that the area between the operating SSX and Smith mines is favourable for new, near-mine gold discoveries,\" stated Keith Neumeyer, President and CEO of First Majestic. \"Hole-1102 intersected what looks like a new high-grade area on the north side of the SSX/Smith connection drift. Nine follow up drill holes are being planned to further define this potential new zone. In addition, follow up drilling at Zone 10 in the Smith mine has confirmed the presence of a high-grade pod of gold mineralization approximately 90 metres southeast from the connection drift. Over the past few months, we advanced the mine development towards this high-grade pod in anticipation of initial ore extraction in early October. Furthermore, ore production from the West Gen mine is also planned to begin in October and expected to increase the amount of fresh ore production at Jerritt to over 3,000 tonnes per day by the end of 2022.\"Highlights from the Company's ongoing exploration program include the following summary of gold intercepts:Drilling at Smith Zone 10 (Figure 2):● Follow up drilling to hole SMI-LX-1112 (8.39 grams of gold per tonne (g/t Au) over 29.7m, reported May 2022) delineated a new gold mineral zone located above the water table, approximately 90m southeast of the new connection drift between the SSX and Smith mines. Geologic interpretation and modeling of the drilling results determined that the gold zone is flat-lying, similar to nearby deposits. Results from Smith Zone 10 include:SMI-LX-1067: 6.98 g/t Au over 17.6mSMI-LX-1068: 8.61 g/t Au over 12.8mSMI-LX-1069: 8.61 g/t Au over 24.4mSMI-LX-1071: 14.60 g/t Au over 13.2m Drilling from the SSX/Smith Mine connection drift (Figure 3):●SMI-LX-1102: 19.35 g/t Au over 23.2m: the inter...