Business
VanGold To Purchase Underground Drill Rig
~ Drilling to Commence in November ~ VANCOUVER, BC / ACCESSWIRE / September 24, 2020 / ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"VanGold To Purchase Underground Drill Rig~ Drilling to Commence in November ~VANCOUVER, BC / ACCESSWIRE / September 24, 2020 / VanGold Mining Corp (the \"Company\" or \"VanGold\") (TSXV:VGLD) reports it has purchased an underground drill for use on its El Pinguico silver and gold project, located 7km south of Guanajuato, Mexico.Purchase of Underground Drill Rig: After examining numerous alternatives, the Company has ordered an Explorer - 75E core drill rig from Grupo Ingetrol S.A de C.V. of Torreon, Mexico. Among other desirable attributes, this drill is small enough to fit into many of the adits, drifts, and galleries of El Pinguico's old workings, while still being able to target the broad strike length of potential new in-situ material of the main El Carmen / El Pinguico vein system. The machine is rated capable for drilling 200 meters of HQ size core, or 430 meters of NQ size core. The Company has therefore also ordered 200m and 430m, respectively, of the corresponding drill casing in order to have the capability of drilling holes to those lengths.VanGold expects to receive delivery of the drill within 60 days and that drilling will commence toward the end of November 2020. Though the rig can also drill from surface, the company will focus drilling initially from underground into the ‘Don Ricardo' target area from crosscuts off of the #4 Adit level.See image of proposed drill pattern on pages 9 through 11, and 18 of this presentationClearing of the El Pinguico Shaft: The company is currently focused on clearing 30m of material blocking access from the El Pinguico shaft to the #7 adit level. The company plans to sample the bottom of its underground stockpile once access is achieved. On September 19, 2020, the Company's winch system failed to operate properly due to a worn drive shaft. Replacement parts have been ordered and are due to arrive in Guanajuato on September 28. Because of this and additional brief delays, the Company estimates that it is 16 days behind schedule in its plans to remove material from the El Pinguico shaft. The Company also estimates that there has been no material change in the budget for this undertaking, and that costs are materially on plan.The El Pinguico Project:El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. Toward the end of that period...