FABLED (TSX.V: FCO) SANTA MARIA STRUCTURE REPORTS 24.50 METERS 0F 110.81 G/T AG EQ; INCLUDING 379.30 G/T AG EQ WITH 1.25 G/T AU OVER 1.5 METERS
Fabled Silver Gold Corp. (TSX.V: FCO) has released the results of surface diamond drilling from the upgraded 14,400-metre drill program on the Santa Maria property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, "As you can see below, planned definition hole SM20-48 was designed to fill in a drill poor gap in the past resource area and to follow the down dip mineralized plunge intercepted in drill hole SM20-47 which reported a broad zone of 13.10 meters grading 98.31 g/t Ag Eq with numerous higher-grade intercepts within such as 379.30 g/t Ag Eq including 1.25 g/t Au over 1.50 meters."
Definition Diamond Drill Hole SM20-48 was drilled at a dip or angle of -72 degrees for a planned total drilled length of 325 meters but actual drilled meterage was 312 meters and was designed to hit the targeted zone at approximately -275 meters below surface.
Before intercepting the targeted Santa Maria Structure at depth, the previously newly discovered mineralized hydrothermal breccia was intersected once again from 153 - 154.50 meters which graded 59.96 g/t Ag Eq over the 1.50 meters. See Table 1 below.
As previously reported in hole SM20-47, this is the same newly discovered mineralized hydrothermal breccia that was intersected from 143.2- 144.2 meters which graded 162.08 g/t Ag Eq over the 0.95 meters.
The main target which was the the Santa Maria footwall structure was intercepted from 277.60 - 301.10 meters where the entire 24.50 meters reported 110.81 g/t Ag Eq of very consistent grade over the entire interval. This mineralized intercept correlates well with the results of exploration hole SM20-03 which previously reported 110.51 g/t Ag Eq over a width of 12.50 meters. See Figure 2, Table 1, Photo2 below.
The 24.50-meter section of the Santa Maria Footwall structure encountered was composed of alternating zones of mineralized hydrothermal breccias within a porphyritic diorite dike host rock, which has fine disseminated sulphides.
The purpose of planned definition hole SM20-48 was to once again fill in a drill poor gap, at depth, in the past resource area and was very successful in doing so. As seen below, the multi phased hydrothermal breccias along and within the Dike unit are well mineralized. See Photo 4 below.
Hole SM20-48 was not only successful in the infill drilling of a drill poor area, but also followed the vertical down plunge of the Santa Maria structure by -175 meters from hole SM20-47 which intercepted 13.10 meters of silver mineralization.
Definition diamond drill hole SM20-49 is located approximately 50 meters to the west and designed to test the structure horizon at the -275 meters vertically depth and in-fill the lack of drill pierce points into the structure at this depth.
Holes SM20-49 - 50 have been completed and been submitted for assay. See Figure 5 below.
Disclaimer: Fabled Silver (TSX.V: FCO) is a paid marketing client