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Silver X Provides Update on Underground Resource Expansion Drilling at Tangana Mining Unit
VANCOUVER, BC / ACCESSWIRE / March 31, 2022 / SILVER X MINING CORP. (TSX-V:AGX) (OTCQB:AGXPF)...
About this update from Silver X Mining Corp
[{"type":"text","content":"Silver X Provides Update on Underground Resource Expansion Drilling at Tangana Mining UnitVANCOUVER, BC / ACCESSWIRE / March 31, 2022 / SILVER X MINING CORP. (TSX-V:AGX) (OTCQB:AGXPF) (\"Silver X\" or the \"Company\") is pleased to report results from 14 drill holes forming part of its ongoing underground resource expansion and upgrade diamond drilling programme at its Tangana Mining Unit. Multiple in-mine exploration drill holes at our Tangana Mining Unit intersected significant intervals of silver-(gold)-polymetallic mineralization proximal to existing underground infrastructure in the Tangana 1 Vein. Results include 148.89 AgEq over 11.5 m in TN-2022-015 including 371.99 g/t AgEq over 1.5 m and 244.2 g/t AgEq over 2.76 m. Given the proximity to current mining operations, these new zones of mineralization should feed production at the Company's Nueva Recuperada processing plant in the following months. Since early 2022, a total of 2,342 metres of HQ diamond drilling has been completed in 25 holes, representing 62% of the planned program for Tangana 1 and 22.5% of the total planned underground drilling program for the Tangana Sector.Figure 1: Silver X operations in the Nueva Recuperada projectThese results support the Company's interpretation of Tangana as a mineralized silver-(gold)-polymetallic system with considerable resource expansion potential. The proximity to current mining operations at the Tangana Mining Unit and extensive underground infrastructure coupled with numerous unexploited zones in historical drifts should enable efficient low-cost mining. The Tangana vein-field currently has an inferred resource of 4,840,015 tonnes grading 116.33g/t Ag, 3.35% Pb and 1.63% Zn1. The Tangana vein system extends over 10 kilometres and includes the Tangana West area where surface sampling has returned results up to 9,379 g/t AgEq across 1.5 metres.The three main objectives of this drilling were: (1) expansion of existing inferred mineral resources, (2) upgrading and re-categorization of some inferred mineral resources into indicated mineral resources, and (3) defining gaps in the mineralized structures. These holes were focused on securing the data require to upgrade and re-categorize some of our existing inferred mineral resources into indicated mineral resources. The results presented here are from 14 underground drill holes f...