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Silverton Metals Corp. Announces The Commencement Of Exploration At The Pluton Silver - Zinc - Lead Project, Durango, Mexico
VANCOUVER, BC, Sept. 27, 2021 /CNW/ -- Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) ("Silverton" or the "Company") is pleased to announce the commencemen
About this update from Lodestar Metals Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 27, 2021 /CNW/ -- Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) (\"Silverton\" or the \"Company\") is pleased to announce the commencement of exploration at the Pluton silver-zinc-lead project in the state of Durango, Mexico. Figure 1. Geology and mineralization of the Ojuela-Mapimi, Platosa, Pluton mining district showing Pluton's target areas (discontinuous black-line ellipses) and property limit (continuous black line). The horizontal projection of the Ojuela deposits is shown in red color, productive limestones are shown in blue, overlying, less-reactive to barren clastic rocks (shales, siltstones) are shown in green. Extensive alteration of the clastic rocks, which results in hornfels, is also shown in green. Alluvial cover is in yellow. The Pluton property is within the prolific carbonate replacement, gold, silver, zinc and lead Ojuela-Mapimi Mining District in northern Durango, Mexico. The property covers 6,534 hectares and is located near Excellon Resources' Platosa mine, one of the highest-grade silver producers in Mexico. In the first six months of 2021, Platosa grade was 506 g/t silver with a silver equivalent metal production of over one million ounces1. Not only does Pluton share a similar geological environment to Platosa, but it also lies along strike from the past producing La Ojuela mine, historically one of the richest silver mines in Mexico and one of the first mines developed by Peñoles in the late 1800's. La Ojuela was in production for over 350 years. Exploration targets at Pluton are Platosa and Ojuela style silver-lead-zinc manto and chimney carbonate replacement deposits (\"CRD\"), which may lie beneath the shallow alluvium and strongly altered clastic rocks that overlie the productive carbonate rocks. Mr. John Theobald, President & CEO of Silverton comments, \"I am very pleased to start working on Pluton, the district is a major hydrothermal system with favourable lithologies, structure, alteration and widespread mineralisation yet despite this remains relatively unexplored. Pluton is a district scale project targeting high-grade carbonate replacement type silver-zinc-lead deposits which are typically in the range of tens of millions of tons such as the Santa Eulalia mine in Chihuahua and represent robust exploration targets. The nearby Plato...