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Guanajuato Silver Drills 4.89 metres True Width of 359 g/t AgEq at San Ignacio
Results Deepen Previous Hi-Grade Drill Intercepts VANCOUVER. BC / ACCESSWIRE / May 18, 2023 /...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Drills 4.89 metres True Width of 359 g/t AgEq at San IgnacioResults Deepen Previous Hi-Grade Drill InterceptsVANCOUVER. BC / ACCESSWIRE / May 18, 2023 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to provide recent drill results from the Company's wholly owned San Ignacio mine (\"San Ignacio\") in Guanajuato, Mexico and the Topia mine (\"Topia\") in Durango, Mexico.San IgnacioThe 2023 exploration program is focused on extending mineralization from what have historically been the most productive vein systems at San Ignacio, namely the Melladito, Purisima and the Nombre de Dios veins; current production from San Ignacio comes primarily from the Melladito and the Nombre de Dios vein systems. Year to date, fourteen underground drillholes have been completed for a total of 2,202 metres; new drill results are posted below, including a cross section for drill hole UGSI23-010.James Anderson, Chairman and CEO said, \"San Ignacio is a key and growing component of Valenciana Mines Complex production. Unlike the other mines within our portfolio, San Ignacio is a relatively new mine, having opened in 2012. With the average lifespan of a mine within the Guanajuato Mining District measured in centuries, we see tremendous potential for San Ignacio as demonstrated with the current round of high-grade drill results; the best intercept of this campaign has been drill hole UGSI23-010, which has cut four formal structures of the Melladito and Purisima veins and returned a 4.89 metre wide mineralized intercept of the Melladito vein grading 359 g/t AgEq. This hole confirms the continuity of the mineralization at depth within the Melladito vein (as described in our news release of February 23, 2023), which intercepted 4.92 metres true width of over 1.2 kilograms of silver-equivalent from drillhole UGSI-006. These results also confirm the extension of the Purisima vein to the south.\" Note: All silver equivalent (AgEq) values are calculated based on a long-term gold to silver price ratio of 80:1. Abbreviations used in this news release include the following: g/t: grams per tonne; Au: gold; Ag: silver; m: metre, AgEq: silver equivalent.Cross Section UGSI23-010 TopiaThe Company is also providing 2023 drill results for the Topia mine from the La Prieta, Dos Amigos and Uni...