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Guanajuato Silver Provides Exploration Update
VANCOUVER, BC / ACCESS Newswire / May 8, 2025 / Guanajuato Silver Company Ltd. (the " Company ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"Guanajuato Silver Provides Exploration UpdateVANCOUVER, BC / ACCESS Newswire / May 8, 2025 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR)(OTCQX:GSVRF) is providing an update on exploration progress at the Company's wholly-owned El Cubo Mines Complex (\"El Cubo\") and the San Ignacio Mine (\"San Ignacio\") located in Guanajuato, Mexico.El CuboChairman and CEO, James Anderson said, \"The San Luis vein continues to return results that confirm the southern portion of our El Cubo mine will remain a focal point for silver and gold production in 2025 and beyond. Additionally, our drill program for 2025 includes numerous vein intervals that demonstrate why El Cubo has been a centre of precious metals mining for over a century.\"In January 2025, an underground diamond drilling campaign commenced that was centered on the transverse San Luis vein in the southern part of the Villalpando mine area. During the first quarter of 2025, a total of 971.8 meters were drilled with the goal of confirming lateral and vertical continuity of the San Luis orebody. Drilling assays are shown in the table below with some of the strongest results coming from splays extending from the San Luis vein. 1AgEq is calculated using a silver to gold ratio of 90:1.For 2025, the Company plans to drill a total of 6,500 meters in approximately 30 drillholes at El Cubo; at least five of these proposed drillholes will continue to target the San Luis vein and associated structures.The San Luis vein was discovered by Guanajuato Silver in 2022; now, after several drilling campaigns and mine developments, San Luis represents one of the most productive areas at El Cubo. The San Luis vein has an average width of 1.0 to 1.2 meters comprising consistent silver and gold grades that average 116 g/t silver and 1.05 g/t gold for an average silver-equivalent grade of 210 g/t AgEq (using a gold to silver ratio of 85:1).In addition to San Luis, the Company's drill plans for 2025 also include intersecting the Villalpando vein, which is the main vein controlling the Sierra Vein System; this drilling is expected to total 2500 meters. The parallel Dolores vein will also be targeted with approximately 1350 meters of diamond drilling. Furthermore, 1500 meters of drilling is planned to target the San Nicolas vein, with 1150 meters of drilling planned for both the ...