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VanGold Drills 674 gpt AgEq over 0.55m and 913 gpt AgEq over 0.75m
Underground Drilling Continues at El Pinguico VANCOUVER, BC / ACCESSWIRE / May 3, 202...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"VanGold Drills 674 gpt AgEq over 0.55m and 913 gpt AgEq over 0.75mUnderground Drilling Continues at El Pinguico VANCOUVER, BC / ACCESSWIRE / May 3, 2021 / VanGold Mining Corp (the \"Company\" or \"VanGold\") (TSXV:VGLD) is pleased to provide initial drilling results from the ongoing diamond drill program at its El Pinguico project located 7km south of the city of Guanajuato, Mexico.The drill holes discussed below were drilled in February and March 2021 and are part of the first modern drilling ever done at the El Pinguico property to systematically drill test in-situ epithermal veins known to exist on the property.Chairman and CEO James Anderson remarked: \"We know a great deal about the El Pinguico project due to the fact that we can enter the 110-year-old mine in several areas and see the work of the miners from that era. From a geological and exploration perspective however, we are at the very beginning of our journey. These first holes have provided VanGold geologists and engineers lots of excitement and some surprises, as well as hints of the high-grade that was routinely extracted from the El Pinguico mine at the turn of the 1900's. Altogether this is a solid, positive first batch of results, especially the multiple good grades of silver and gold intercepted in P21-08, our most northerly hole drilled to date. As we continue to move our drill systematically to the north, we expect to encounter better and more consistent grades and widths, as did the miners 110 years ago.\"Summary of Initial Drilling:VanGold purchased its own underground drill rig in October 2020, which arrived at the Company's El Pinguico project in late January 2021. Drill crews initially drilled two test holes to ‘break-in' the drill, testing its capabilities while drilling at different speeds and moving from HQ to NQ size drill core. These holes were drilled outside the mine, in the patio of the portal of adit Level 4 and were not intended as traditional exploration holes.Both of these drill holes though, P21-01 and P21-02, encountered noticeable visible vein material, which the Company now interprets to be extensions of the San Jose vein, exposures of which can be seen in crosscuts off of adit Level 4 within the mine approximately 500m to the north. A third hole was completed to test the area for further vein extensions; P21-03 intersected severa...