A twin hole drilled by
The diamond drill hole returned 53 metres of 285 grams silver per tonne, which includes two higher-grade intervals: 14 metres grading 698 grams silver and 0.15 gram gold per tonne, plus 0.58% lead and 1.09% zinc; and 11 metres of 118 grams silver, 0.2 gram gold, 1.14% lead and 5.81% zinc.
This hole was meant to duplicate a reverse-circulation (RC) hole that returned 305 grams silver over 55 metres, including 5 metres of 832 grams silver and 4 metres of 926 grams silver. When silver assays are cut to 1,000 grams, the average silver grade over a 53-metre interval is 271 grams for the RC hole and 272 grams for the diamond drill hole.
The holes were drilled through a baryte stockwork capping Cerro Colorado III, which is a dacite-porphyry hill on the company’s Aldea Zapote concession. The concession covers old Spanish workings and numerous surface showings.
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