Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV: FCO; OTCQB: FBSGF, and FSE: 7NQ) announces the results of surface diamond drilling from the upgraded 14,400 -meter 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 SM20-47 was designed to fill in a shallow depth, drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth. See Figure 1 below.
Figure 1 – Longitudinal View of Area of Current Drilling
Definition Diamond Drill Hole SM20-47 was drilled at a dip or angle of -66 degrees for a planned total drilled length of 200 meters but actual drilled meterage was 188 meters and was designed to hit the targeted Santa Maria Footwall structure at approximately -150 meters below surface.
Before intercepting the targeted Santa Maria Structure, a newly discovered mineralized hydrothermal breccia was intersected from 143.2- 144.2 meters which graded 162.08 g/t Ag Eq over the 0.95 meters. See Photo 1, Figure 2 and Table 1 below.
Photo 1 – SM20- 47
The main target which was the the Santa Maria footwall structure was intercepted from 156.30 – 169.40 meters where the entire 13.10 meters reported 98.31 g/t Ag Eq which many higher-grade intercepts are contained within including 6.10 meters grading 176.99 g/t Ag Eq; 4.65 meters grading 192.16 g/t Ag Eq, 1.50 meters returned 299.51 g/t Ag Eq and 338.71 g/t Ag Eq over 1.25 meters. See Figure 2, Table 1, Photo2 below.
Figure 2 – Cross Section Diamond Drill Hole SM20-47
The 13.10-meter Santa Maria Footwall structure was composed of alternating zones of mineralized hydrothermal breccias within a porphyritic diorite dike host rock which has fine disseminated sulphides, See Figure 2 above, Table 1 and Photo 2 below.
Ag Equivalent (“Ag Eq”) grade is calculated using $20 per ounce Ag and $1,600 Au.
The purpose of planned definition hole SM20-47 was to once again fill in a drill poor gap in the past resource area and was very successful. As seen below, the multi phased hydrothermal breccias along and within the Dike unit are well mineralized. See Photo 2 below.
Photo 2 – SM20- 47
Hole SM20-47 was not only successful in determining the exact location of the mineralized Santa Maria footwall structure but more importantly filled in the resource gap with a 13.10 meter mineralized intercept which will help build out the ounce category in this area.
Definition diamond drill hole SM20-48 is located approximately 25 meters to the east and designed to test the structure horizon at -275 meters and in-fill the lack of drill pierce points into the structure at this depth.
Holes SM20-48 – 50 have been completed, holes 48 - 50 have been submitted for assay. See Figure 5 below.
QA QC Procedure
Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.
Over Limit Methods
For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:
Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.
Ag-GRA21 Ag by fire assay and gravimetric finish.
Fabled Silver Gold monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.
About Fabled Silver Gold Corp.
Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company's mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.
The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world.
Disclaimer: Fabled Silver is a paid marketing client*