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RETRANSMISSION: GSilver Provides Exploration Update Showing Historical High-Grade Intercepts at VMC
VANCOUVER, BC / ACCESSWIRE / September 13, 2022 / Guanajuato Silver Company Ltd. (the " Com...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"RETRANSMISSION: GSilver Provides Exploration Update Showing Historical High-Grade Intercepts at VMCVANCOUVER, BC / ACCESSWIRE / September 13, 2022 / Guanajuato Silver Company Ltd. (the \" Company \" or \" GSilver \") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an exploration update highlighting historical drillhole data within certain areas of the Company's 100% owned Valenciana Mines Complex (\"VMC\") in Guanajuato, Mexico.HighlightsVMC encompasses approximately 4.2km of strike length along the Veta Madre regional fault structure and comprises five primary mine areas: Guanajuatito, Valenciana, Cata, Los Pozos, and Promontorio (see Figure 1 below).Several high-grade areas of interest have been identified as potential near-term mining blocks.The Company anticipates that mining will recommence at VMC before the end of 2022, with mineralized material being sent to El Cubo Complex for processing. The Company expects to restart the associated Cata processing facility in H1 2023.James Anderson, Chairman & CEO said, \"Our geological teams are rapidly advancing our understanding of the large volume of mineralized material that remains accessible and available to be mined at Valenciana. With over 400-years of mining history, Valenciana is poised to begin a new chapter of growth, development, and expansion along one of the world's most productive silver producing geological structures - the Veta Madre.\"The examination of historical high-grade drill results in the mine database along with consultation of the previous mining and geology staff has revealed several priority areas within VMC that offer the promise of significant high-grade tonnage including a deeper zone within the Valenciana Mine proper. Drilling between 2012 and 2021 (shown below) has indicated a consistent, well mineralized, unmined area with intercepts of both vein and strata-bound mineralization. Additional areas throughout the mine have been identified and will be more fully reviewed for potential future production.The following selective historical drillhole results are all within one segment of the Valenciana Mines Complex. 1These results are historical in nature. GSilver's qualified person has not done sufficient work to verify the sampling, analytical, testing and QC/QA procedures underlying these results to opine on their adequacy and accordingly such result...