- Write by:
-
Wednesday, April 8, 2020 - 5:01:07 PM
-
507 Visit
-
Print
Mining News Pro - Discovery Metals continues to release high-grade assays from drilling at its advanced exploration-stage Cordero project in Chihuahua state, Mexico, which it acquired last year.
According to Mining News Pro - Highlights of the results from 10 holes at Cordero included hole C20-316, which hit 1 metre of 2,153 g/t silver-equivalent (1,255 g/t silver, 1.1 g/t gold, 20% lead and 2.49% zinc) from 166.4 metres depth, within a longer 27.7-metre interval grading 247 g/t silver equivalent (119 g/t silver; 055 g/t gold, 2.02% lead and 0.28% zinc).
The same hole returned 62.8 metres of 217 g/t silver-equivalent (79 g/t silver, 0.58 g/t gold, 1.19% lead and 1.15% zinc) from 222.3 metres depth, while hole C20-314 returned 106.1 metres of 139 g/t gold-equivalent.
Both holes were drilled along the northeast extension of the well-mineralized Pozo de Plata zone at Cordero.
Five of the holes were drilled in the Southern Corridor, south of the main Cordero Fault, in the previously untested southernmost vein trend. Results included 1.2 metres of 1,436 g/t silver equivalent from 51.1 metres depth in hole C20-310; and 0.6 metre of 2,929 g/t silver-equivalent from 81.3 metres in hole C20-312.
Drilling has been temporarily suspended at Cordero due to COVID-19, but the company has already completed 48 holes totalling 17,500 metres of a planned 30,000-35,000 metres. Assays from 24 holes are pending.
Taj Singh, Discovery’s president and CEO, said in a release that the results were positive for two reasons.
“First, they confirm that higher-grade breccia-hosted silver-gold-lead-zinc mineralization extends to the northeast, beyond the previously defined limits of the Pozo de Plata zone. Second, drilling along the southernmost vein trend intercepted multiple sulphide veins that returned kilogram per tonne silver-equivalent intercepts,” he said. “The first-ever drill test of veins highlights the excellent potential that may exist within this and other vein trends on the property.”
Singh added that follow-up drilling will focus on expanding higher-grade resources, and once exploration is allowed to resume, is planned on both the north-east extension and the vein targets.”
At the end of March, Discovery announced it was temporarily suspending exploration due to a closure of non-essential businesses in Mexico until Apr. 19.
Discovery Metals acquired Cordero last year from Levon Resources. At a 15 g/t silver-equivalent cutoff grade, the deposit hosts 990 million indicated tonnes grading 32 g/t for 1 billion oz. silver equivalent. It also holds 282 million tonnes grading 56 g/t silver equivalent for 513 million oz.
A 2018 preliminary economic study showed the project could support 29 years of open pit production at 40,000 tonnes per day, producing an average of 8 million oz. silver, 99 million lb. of zinc in concentrate, 69 million lb. of lead in concentrate, and 11,900 oz. of gold annually.
Short Link:
https://www.miningnews.ir/En/News/512351
Glencore Plc is considering selling its stake in Kazakh mining company Kazzinc amid interest from potential buyers in ...
Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they ...
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth ...
Volcan Cia Minera SAA plans to make a series of debt payments through August and to refinance later obligations without ...
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Belgium’s Nyrstar is reactivating the Budel zinc smelter in the Netherlands after a four-month period of care and ...
Zinc traded close to a one-year high as metals markets looked past delays to US monetary easing to focus on looming ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
Canadian miner Teck Resources has agreed to pay Korea Zinc $165 per metric ton, a three-year low, to turn its zinc ...
No comments have been posted yet ...