Business
Kuya Silver Commences 2024 Phase 1 Drilling at Silver Kings Project, Ontario, Canada
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is please
About this update from Kuya Silver Corporation
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the \"Company\" or \"Kuya Silver\") is pleased to announce the commencement of a first phase of drilling at its wholly owned Silver Kings Project, Ontario, Canada, with plans to drill a total of 10,000 m in multiple phases. A diamond drill is now on site to test for high-grade silver-cobalt mineralization at depth in the historic Cobalt Ontario silver mining camp. The program is expected to include drilling of the Company's new Frontier NW target (see below), the Campbell-Crawford target, as well as the Airgiod target where the first known drill hole, completed by Kuya in 2023, intersected silver-cobalt mineralization in an identical setting to the Angus Vein at the adjacent Campbell-Crawford prospect. David Lewis, Kuya Silver's Vice President Exploration, commented: \"It's great to have a drill back on site again at the Silver Kings Project, especially given the accomplishments that Kuya Silver made here in 2023. We've updated and refined our technical skillset and I'm looking forward to testing and expanding our discoveries in this world-class historic mining district.\" Frontier NW target zone update The brownfields Frontier NW target area is located 350 m NW of the Frontier Mine, which produced 7.0 million oz silver and 1.7 million pounds cobalt, primarily from the N-S trending Woods-Watson fault and fault-hosted veins (Sergiades 1968). This new zone is hosted by a 400 m long, NW-trending fault, named the Hammerstrom fault, which is of a comparable width to the Woods-Watson fault (~3 m). In 2018, eight 100 m-spaced drill holes intersected anomalous to mid-grade silver-cobalt mineralization (0.01 to 0.46% cobalt). A trenching program in 2023 uncovered three fault-hosted mineralized veins, which assayed up to 23 g/t silver, 4.1% cobalt and 1.1% nickel (1,250 g/t AgEq*) over 1.74 m (see Kuya Silver June 24, 2024 news release). *AgEq (silver equivalent) values calculated on August 26, 2024, using the following values and assuming full recovery: Silver $29.94 USD/troy oz; Cobalt $24,300 USD/tonne; Nickel $16,758 USD/tonne. Follow-up work in 2024 included surface mapping of the trenched areas, relogging of the previous drill holes, and the commissioning of a detailed Induced Polarization (IP) survey. Details of t...