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GSilver Drills 0.90m of 953 gpt AgEq within 8.10m of 173 gpt AgEq
Underground Drilling Continues at El Pinguico VANCOUVER, BC / ACCESSWIRE / July 7, 2021 ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"GSilver Drills 0.90m of 953 gpt AgEq within 8.10m of 173 gpt AgEqUnderground Drilling Continues at El PinguicoVANCOUVER, BC / ACCESSWIRE / July 7, 2021 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide additional drilling results from its ongoing diamond drill program at the El Pinguico project located 7km south of the city of Guanajuato, Mexico.Results:Both drill holes P21-09 and P21-10 cut through intervals of both the San Jose and El Pinguico veins from the San Jose #1 drill station. Especially noteworthy, P21-10 was drilled ‘up' (above the horizon) at a +30-degree angle to test for extensions of vein material above El Pinguico's previous mining during the early 1900s. This drill hole returned 0.90m of 5.96 gpt Au and 476 gpt Ag or 953 gpt AgEq, within a broader interval of 8.10m of 1.00 gpt Au and 93 gpt Ag.The Company is modeling variability within the vein system to determine how best to target areas where width and grade become more favourable. The wider thicknesses - 8.10m in P21-10 and 7.95m in previously released hole P21-08 are potentially very attractive mining widths in a typically narrow vein mining jurisdiction.San Jose #1 Drill Station:Drill HoleFrom (m)To(m)Interval (m)Au gptAg gptAgEq gpt(2)Description/ InterpretationP21-08(1)102.25103.901.65m2.45125321San Jose vein 169.20177.157.95m1.3539147El Pinguico veinincluding169.70170.450.75m8.81208913El Pinguico veinand176.15177.151.00m1.6545177El Pinguico veinP21-0991.2091.850.65m0.493877San Jose vein 165.05165.700.65m0.6551103El Pinguico veinP21-1057.9059.501.60m0.221028San Jose vein 107.55115.658.10m1.0093173El Pinguico veinincluding113.00113.900.90m5.96476953El Pinguico veinNote: Assays for drill hole P21-08 were previously reported on May 3, 2021 in this News Release.Note: All Silver Equivalent values are calculated on a long-term silver to gold price ratio of 80 to 1 as used in the Company's recently published NI43-101 PEA report written by consultants Behre Dolbear and Company (USA), Inc. No attempt has been made by the Company to establish the true width of veins reported in this news release as the Company has determined that it would be premature to do so.COO Hernan Dorado remarked: \"The main El Pinguico vein structure pinches and swells, occasionally showing widths of more than 8 meters -...