Topia Drilling - Mine Life Extension is What it’s About 2150 ageq g/t is a nice intercept. Several others solid as well.
Guanajuato Silver Provides Drill Results from Topia Mine
~ Historic Argentina Vein Demonstrates Immediate Production Potential ~
VANCOUVER, BC / ACCESSWIRE / August 23, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to provide recent drill results from the Company's wholly owned Topia Mine ("Topia") in Durango, Mexico.
Drill Results:
Commenting on these results, Chairman and CEO, James Anderson said, "For 40 years Industrias Penoles, the largest mining company in Mexico, mined the Argentina vein at Topia. Remarkably, the vein was not pursued to the east of the district, past a significant fault structure; we are very encouraged by these initial results that indicate production potential within 2km of our mill facility from this long-lived precious metals vein system."
Infill and resource expansion drilling continues at Topia with good results being generated at the Argentina, Rosario, Santa Cruz, and the San Gregorio veins. Drilling of the Argentina and Santa Cruz veins is being done from the new El Condor Tunnel with the objective of defining the trend of mineralization to the west of the current intercepts. The Rosario and San Gregorio veins, located in the southeastern part of the district, have been drilled from the Rosario ramp; these veins are separated by approximately 350 metres, and the objective there is to follow the trend of mineralization to the west.
All silver equivalent (AgEq) values are calculated based on the following long-term ratios to the silver price: 80:1 for gold, 0.04:1 for lead, and 0.05:1 for zinc.