Business
Rio Silver Inc. Completes Modelling of Niñobamba Silver Project, Peru
VANCOUVER, British Columbia, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) discloses a Conceptual Exploration T
About this update from Rio Silver Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 27, 2020 (GLOBE NEWSWIRE) -- Rio Silver Inc. (\"Rio Silver\" or the \"Company\") (TSX.V: RYO) discloses a Conceptual Exploration Target for the Company’s Niñobamba Silver Project (“the Niñobamba Model”), located approximately 330 km southeast of Lima, Peru. The Niñobamba Model was prepared on behalf of the Company by Dahrouge Geological Consulting Ltd. of Edmonton, Alberta in preparation for the planning of future exploration of the property. Chris Verrico, President and CEO of Rio Silver comments, “We are very pleased to receive this third-party model, which examined the easterly portion of the approximately 8,000 m long trend of anomalous precious metal mineralization between the Jorimina Au-Ag showing in the west and Niñobamba Ag showing in the east.” Niñobamba Silver Project The Niñobamba Model was completed on the basis that it would provide further understanding of the project’s ‘Exploration Potential’ and therefore help guide future exploration. The model focused on the “Niñobamba Main Zone” which can be broken down into two subparallel zones (a North and a South zone). Following a thorough review of historical surface mapping, sampling, trenching and drilling, data utilized in the completion of the model included core from 18 drill holes (out of 44 total) and channel samples from 20 surface trenches. The model incorporated major rock units recorded on the project and the fault structures that constrain the mineralization. Geological trends and variability sensitives were defined using historical sampling and were used to support the Conceptual Exploration Target. Preliminary geostatistical evaluations were used in the generation of the Conceptual Exploration Target. Historic exploration has shown the Niñobamba Main Zone (North) to have a minimum strike length of approximately 400 meters and apparent widths of 100 to 150 meters, and the Niñobamba Main Zone (South) to have a minimum strike length of approximately 400 meters and apparent widths of 50 to 100 meters. A summary of the Conceptual Exploration Target for the Niñobamba Main Zone is as follows: Conceptual Exploration Target Range Cut-off Grade Tonnes Silver Grade Silver Grade Silver Ounces g/t MT Av. g/t Av. opt Million t. oz Exploration Target - Lower 50 7.9 90 2.88 22.9 Exploration Target - Higher 50 11.1 86 2.78 30.9 The Compan...