Business
Silver X Expands Nueva Recuperada District with Acquistion of Tangana West and Obtains Surface Channel Sampling Results up to 9,379 g/t Ag over 1.5 Metres
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SE...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Expands Nueva Recuperada District with Acquistion of Tangana West and Obtains Surface Channel Sampling Results up to 9,379 g/t Ag over 1.5 MetresNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESNew Tangana West concessions acquired with surface channel samples of up to 9,379 g/t Ag, 3.81% Pb, and 2.69% ZnNew claims cover an additional 1.3 kilometres of the Tangana silver-gold-polymetallic mineralized system for a total controlled strike length of over 3.0 kilometresVANCOUVER, BC / ACCESSWIRE / September 22, 2021 / SILVER X MINING CORP. (TSXV:AGX)(OTC Pink:WRPSF) (\"Silver X\" or the \"Company\") has acquired the 250 hectare Tangana West silver project that hosts high-grade silver-polymetallic veins with surface channel samples returning grades up to 9,379 g/t Ag, 2.7% Pb and 1% Zn over 1.5 metres (See below Table 1). The Tangana West mineralized structure extends 1.3 kilometres along strike and based on field observations of the new claims, is interpreted to be vertically continuous for over 500 metres. On Silver X's adjacent Tangana Mining Unit (Tangana), the Tangana 1 and 2 silver-gold-polymetallic veins extend over 1.7 kilometers along strike with an average width of 1.0 metres, at an average grade of 286.71 g/t AgEq. Silver X now controls over 3.0 kilometres of the Tangana silver-polymetallic mineralized system (Tangana and Tangana West), which has an average vein thickness of 1.05 metres (See Figure 1).\"The acquisition of Tangana West is an important milestone for Silver X as we continue to consolidate the Nueva Recuperada district\" said José Garcia, CEO of Silver X. \"This extension of Tangana, with initial surface channel sampling results up to 9 kilograms per tonne silver over a 1.5 meter vein width, gives the Company great potential for expanding its high grade production. We are continually assessing opportunities throughout Peru and Latin America as we grow our resource base.\"Under the agreement, Silver X has acquired unrestricted access and mining rights to the Las Animas & Los Tres Mosqueteros concessions from Sociedad Minera de Responsabilidad Limitada Las Animas. In return, the Company will pay a monthly fee of USD $5,000 or a 4% production royalty from the Las Animas and/or Los Tres Mosqueteros concessions whichever is greater. The agreement wi...