Fabled Silver Gold Corp. (TSXV: FCO; OTCQB: FBSGF, 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 SM20-49 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 holes SM20-47 and 48. Previously reported hole SM20-47 reported a broad zone of 13.10 meters grading 98.31 g/t Ag Eq with numerous higher-grade intercepts within, while hole SM20-48 returned 110.81 g/t Ag Eq over 24.50 meters. See Figure 1 below.
Figure 1 – Longitudinal View of Area of Current Drilling
Definition Diamond Drill Hole SM20-49 was drilled at a dip or angle of -75 degrees for a planned total drilled length of 313 meters, and was designed to hit the targeted zone at approximately -280 meters below surface.
Before intercepting the targeted Santa Maria Structure at depth, the previously newly discovered mineralized hydrothermal breccia was intersected once again, in this case from 276.50 – 289.90 meters. See Photo 1, Figure 2 and Table 1 below.
Photo 1 – SM20- 49
The lower contact of the breccia zone from 288.00 – 288.90 reported 98.03 g/t Ag Eq, See Photo 2, Figure 2 and Table 1 below.
As previously reported in hole SM20-47 and 48, this is the same newly discovered mineralized hydrothermal breccia that was intersected and reported 162.08 g/t Ag Eq over 0.95 meters and 59.96 g/t Ag Eq over 1.50 meters, respectively.
Photo 2– SM20- 49
The main targeted Santa Maria breccia structure was successfully intersected over 7.80 meters from 293.10 – 300.90 meters and contained a hydrothermal breccia with pervasive silicification, quartz – carbonate reneal matrix, and oxidized sulphides. The entire 7.70 meters returned 190.33 g/t Ag Eq with 0.51 g/t Au,
Figure 2 – Cross Section Diamond Drill Hole SM20-49
The upper contact of the Santa Maria Footwall breccia zone from 293.10 – 297.00 meters returned 328.44 g/t Ag Eq with 0.65 g/t Au over 3.90 meters, See Figure 2, Photo 3, Table 1 below.
Photo 3– SM20- 49
Including 572.98 g/t Ag Eq with 1.03 g/t Au from 294.00 – 295.90 meters See Figure 2 above, Table 1, Photo 4 below.
Photo 4 – SM20- 49
Definition diamond drill hole SM20-49 was designed to test the structure horizon at the -275 meters vertical depth, and in-fill the lack of drill pierce points into the structure.
Hole SM20-49 was successful, once again, not only in the infill of a drill poor area, intercepting 190.33 g/t Ag Eq silver mineralization over 7.80 meters, but following the vertical down plunge of the Santa Maria footwall breccia structure by -190 meters from hole SM20-47 above which reported 13.10 meters of mineralization and hole SM20-48, 50 meters east and plus 15 meters in elevation which returned 24.50 meters of 110.81 g/t Ag Eq. These intercepts will certainly enhance the silver resources in this area.
As we dial-in the definition drilling and vector in on not only the new up hole hydrothermal breccia discovery but the main Santa Maria breccia structure and the high grade components thereof, the understanding of the mineralization and related plunges and rakes of the higher grade components are becoming more evident.
Final definition drill hole SM20-50 has been completed and submitted for assay. See Figure 3 below.
Disclaimer: Fabled Silver and Gold is a paid marketing client