Andean Silver Restricted (ASX: ASL) is happy to announce additional spectacular drilling outcomes which can type a part of the following Useful resource replace at its Cerro Bayo Silver-Gold Venture in Chile.
- Newest drilling has delivered extra bonanza-grade intersections, persevering with to develop the Pegaso 7 and Cristal extensions of mineralisation at Cerro Bayo
- New drill assays from Pegaso 7 embody:
- 3.2m @ 864g/t AgEq (511g/t Ag & 4.3g/t Au)
- Incl. 1.4m @ 1,871g/t AgEq (1,140g/t Ag and eight.8g/t Au)
- 5.2m @ 259g/t AgEq (115g/t Ag & 1.7g/t Au)
- Incl. 1.5m @ 582g/t AgEq (235g/t Ag & 4.2g/t Au)
- 0.4m @ 1,683g/t AgEq (1,099g/t Ag & 7.0g/t Au)
- 3.2m @ 864g/t AgEq (511g/t Ag & 4.3g/t Au)
- At Cristal, drilling has outlined the goal horizon of mineralisation to an ~80m vertical extent that includes earlier bonanza-grade veins noticed on floor
- New drill assays from Cristal embody:
- 4.5m @ 584g/t AgEq (380g/t Ag & 2.5g/t Au)
- 2.6m @ 600g/t AgEq (120g/t Ag & 5.8g/t Au)
- 3.4m @ 478g/t AgEq (13g/t Ag & 5.6g/t Au)
- Incl. 1.2m @ 1,252g/t AgEq (27g/t Ag & 14.8g/t Au)
- Drilling additionally continues to outline a big halo surrounding the Cristal veins with outcomes of:
- 153.8m @ 62g/t AgEq (8g/t Ag & 0.6g/t Au)
- A 3rd drill rig to be mobilised to web site in November to start concentrating on extensions of the principle lodes throughout the Laguna Verde Mine Advanced at Cerro Bayo
Andean Chief Govt Tim Laneyrie stated: “These are spectacular outcomes, not simply due to the bonanza grades but in addition due to the numerous extensions they add to the identified mineralisation.
“These outcomes additionally present extra proof of the compelling exploration upside at Cerro Bayo with the mineralisation nonetheless open in so many areas and huge vein methods but to be examined.
“Our ongoing drilling at each the Pegaso 7 and Cristal targets has yielded spectacular outcomes, additional refining our geological mannequin of the high-grade mineralisation controls. These findings not solely underscore the standard of the mineralisation but in addition improve our understanding of the core high-grade zones throughout the Pegaso 7 veining hall.
“Equally, our preliminary shallow drilling on the Cristal goal, being the primary in 10 years, has been equally encouraging, highlighting key lithological controls to the high-grade mineralisation at present outlined over an roughly 80m vertical interval. This aligns with earlier interpretations of tremendous high- grade veins all through the Cristal mission.
“To additional capitalise on this momentum, we’re mobilising a 3rd drill rig to the location in November. This can goal the principle lodes throughout the Laguna Verde Mine Advanced by way of extensional drilling.
“This strategic enlargement of our drilling program is aimed toward maximising our discovery charge and driving substantial useful resource progress”.
Determine 1. Gap CBD164 exhibiting mineralised intercept 4.5m @ 584g/t AgEq from 7.1m on the Cristal West construction.
Drilling and Exploration Replace
The drilling at Pegaso 7 and Cristal continues to develop and refine the important thing mineralising controls throughout the broader methods. The present drill rig at Cristal has an extra 1,200m of drilling deliberate as a part of the preliminary scout drilling program and is concentrating on 40m above the earlier drill fan. Pegaso 7 drilling has an extra 3,500m of drilling remaining on the present program.
Cristal Prospect
The principle Cristal constructions have been intercepted as much as 80m under the outcropping veins (Determine 2) throughout the potential Temer Formation. The Cristal Prospect is interpreted to signify a extremely potential juncture of numerous main district scale constructions (Determine 4) that management the mineralised orientations on the LVMC together with the Coyita, Dagny, Yasna deposits and useful resource areas.
The present drilling at Cristal is ~40m above the beforehand drilled central construction. This drilling has intercepted a earlier unknown a part of the Cristal West construction (see Figures 1 and three) sitting ~5m under the floor and under the historic Cristal west underground workings. This vein extension was unknown because it has been lined by a 1m thick backfill layer for >20 years.
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