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Silverton Metals Corp. Announces Appointment of Mining Contractor and Commencement of Activities to Safely Access Underground Workings at La Frazada Silver Project, Nayarit, Mexico
Vancouver, British Columbia--(Newsfile Corp. - May 18, 2021) - Silverton Metals Corp. (TSXV: S...
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[{"type":"text","content":"Silverton Metals Corp. Announces Appointment of Mining Contractor and Commencement of Activities to Safely Access Underground Workings at La Frazada Silver Project, Nayarit, MexicoVancouver, British Columbia--(Newsfile Corp. - May 18, 2021) - Silverton Metals Corp. (TSXV: SVTN) (OTC Pink: SVTNF) (\"Silverton\" or the \"Company\") is pleased to announce the appointment of Infraestructura Y Servicios Intergrales De Mineria as mining contractor to safely access underground workings at the Company's La Frazada silver project in Nayarit state, Mexico.Over 3 kilometres of underground workings has been identified as being potentially accessible, work has commenced to clean and making safe adits and drifts which will be geologically mapped and systematically channel sampled. The suitability of sites for underground diamond drilling will also be evaluated.Mr. John Theobald, President & CEO of Silverton, comments, \"I am pleased to have started work on gaining access to the underground working, it will give us valuable geological information and help us to confirm historical M&I resource of 4.7 million ounces of silver* and Inferred resource of 3.86 million ounces of silver*. The information gained from underground will also assist in targeting diamond drilling to test for extensions of the mineralisation.\"Historical Resource EstimateLa Frazada is located approximately 300 km northwest of Guadalajara and hosts silver rich epithermal veins with base metals. The 299-hectare exploration concession lies within the western foothills of the Sierra Madre Occidental. Access is good, being only a few kilometers from the main coastal highway with average elevations less than 200m above sea level. La Frazada was mined in the late 1890's by an English company, with the Mexican revolution effectively stopping all activity by 1910. A small ornate smelter stack is all that remains of that early historical production. Two parallel quartz veins have been traced for over 1800m along strike and host mineralization in three known mineralized shoots. La Frazada has a historical measured and indicated resource* totalling 4.7 million ounces of silver (583,000 tonnes at 250 g/t Ag, 0.87% Pb, and 2.44% Zn) and a historical inferred resource* of an additional 3.86 million ounces of silver (534,000 tonnes at 225 g/t Ag, 0.92% Pb, and 2.62% Zn). These resou...