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VanGold Assays 536.8 gpt AgEq or 6.71 gpt AuEq over 55m of Vertical Extent, Drilling to Commence in November
VANCOUVER, BC / ACCESSWIRE / October 7 , 2020 / VanGold Mining Corp (the " Company " or "...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"VanGold Assays 536.8 gpt AgEq or 6.71 gpt AuEq over 55m of Vertical Extent, Drilling to Commence in NovemberVANCOUVER, BC / ACCESSWIRE / October 7, 2020 / VanGold Mining Corp (the \"Company\" or \"VanGold\") (TSXV:VGLD) reports assays from channel sampling of an underground vein exposure encountered at its El Pinguico silver and gold project, located 7km south of Guanajuato, Mexico.Sampling of Exposed Underground Vein: The Company reports assays of channel samples taken from safely accessible pillars and stope walls within an ore shoot of the El Pinguico vein system between the 4th and 6th levels (from approximately 130m to 185m below surface), covering an area approximately 55 meters in height, by 60 meters in width and where the stopped out area, plus remaining vein material, ranges from 1.5 meters to 5.5 meters wide. This exposure is adjacent to the El Pinguico shaft where crews continue to remove material blocking access to the #7 adit level.Sample numberSample Length Gold - gptSilver - gptAuEq - gpt*AgEq - gpt*Q961411.6m1.72629.69.59767.2Q962301.8m0.80273.74.22337.7Q962311.3m0.84146.32.67213.3Q962321.3m4.00403.69.05723.6Q962330.9m3.22480.59.23738.1Q962351.0m1.68280.05.18414.4Q962361.0m4.11430.79.49759.5Q962371.2m2.15304.05.95476.0Q962381.6m0.80157.02.77221.3Q962391.2m4.59465.910.41833.1Q962400.4m2.43599.49.92793.8 Weighted Average Grades 2.50363.06.71536.8 gpt Augpt Aggpt AuEqgpt AgEq *Gold equivalent and silver equivalent numbers are calculated at 80:1 silver to gold price ratio.This underground vein material was not extracted when the mine was operational from the late 1890's until 1913, despite it being immediately adjacent to the El Pinguico shaft, presumably because the material would not have exceeded the mine's extraordinary cut-off grade at that time of approximately 15 grams of gold equivalent per tonne. The results of this sampling have given the Company added confidence that significant amounts of good grade material, left when mining ceased over a century ago, remain to be identified within and adjacent to the El Pinguico historic workings.Said VanGold Mining director William Gehlen, geologist and epithermal system expert: \"There are a lot of things to like about these results, and chief among them is the uniformity of good grades from what was historically considered waste rock. Historical geologic reports tha...