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Sailfish Discovers Several New Higher-Grade Veins on its 100% Owned Gavilanes Silver Project Highlighted by Samples of 2.5 meters of 12.8 g/t Gold and 48.0 g/t Silver; 1 meter of 1,867 g/t Silver, and 0.5 meters of 1,546 g/t Silver
Tortola, British Virgin Islands--(Newsfile Corp. - January 12, 2023) - Sailfish Royalty Corp. (TS...
About this update from Sailfish Royalty Corp.
[{"type":"text","content":"Sailfish Discovers Several New Higher-Grade Veins on its 100% Owned Gavilanes Silver Project Highlighted by Samples of 2.5 meters of 12.8 g/t Gold and 48.0 g/t Silver; 1 meter of 1,867 g/t Silver, and 0.5 meters of 1,546 g/t SilverTortola, British Virgin Islands--(Newsfile Corp. - January 12, 2023) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the \"Company\" or \"Sailfish\") is pleased to announce the results from the recent exploration work conducted on the Company's 100% owned Gavilanes Silver Project (\"Gavilanes\" or \"Project\") located approximately 31 kilometers away from First Majestic's San Dimas operation in Durango State, Mexico.Gavilanes comprises several high-grade polymetallic silver veins tested by 47 shallow diamond drill holes focused on three of these veins, which host mineralization in veins and stock works of an intermediate sulphidation system. Since its acquisition, Sailfish has expanded the number of contiguous mineral claims to better encompass the mineralized system. During 2022, Sailfish conducted an extensive surface sampling program that discovered an additional 18 mineralized silver rich polymetallic veins that have yet to be drilled. Geologists collected contiguous representative chip samples across veins or structures which are highlighted by: Highlights:(except as noted, widths are true width across mineralized structure, see Table 1 for complete breakdown)Descubridora vein: 4.0 meters (\"m\"), estimated true width 2.5 m, of 12.80 grams-per-tonne gold (\"g/t Au\") and 48 grams-per-tonne silver (\"g/t Ag\")Descubridora vein: 18.0 m of 0.87 g/t Au and 40 g/t AgSan Nicolas vein: 1.0 m of 30.00 g/t Au and 190 g/t AgSan Nicolas vein: 2.0 m of 0.84 g/t Au and 754 g/t AgSan Nicolas - Veta del Pueblo vein: 1.0 m of 0.02 g/t Au and 1,867 g/t AgForasteros vein: 2.2 m of 10.12 g/t Au and 16 g/t AgLa Cruz vein: 0.5 m of 0.51 g/t Au and 1,546 g/t AgGavilanes currently has an inferred mineral resource of 2.833 million tonnes at an average grade of 245.6 g/t AgEq (22.4 million ounces of silver-equivalent). This inferred mineral resource is highlighted by having 18.9 million ounces of silver at an average grade of 207 g/t silver.For more complete information on the resource and all areas of exploration (including historic drill results) pertaining to Gavilanes, please refer to the most recent technical r...