Fabled drills 1.8 m of 1,187.44 g/t AgEq at Santa Maria
2021-07-26 07:21 ET - News Release
Mr. Peter Hawley reports
FABLED CONTINUES TO INTERCEPT NEW HIGH GRADE GOLD SYSTEM WITH VALUES INTERCEPTED UP TO 22.60 G/T AU EXPANDS SURFACE DRILL PROGRAM TO 14,200 METERS
Fabled Silver Gold Corp. has provided updates on the results of diamond drilling from the newly upgraded 14,200-metre drill program on the Santa Maria property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, 'We are pleased to announce drill assay results for surface diamond drill holes SM20-21 and SM20-22, please see Figure 1 below.
Mr. Hawley continues: 'As a result of discovering this new gold domain system, and ongoing interpretation of structural controls, assays results to date, and visual examination of recently drilled holes we have immediately expanded the present drilling by 5,000 meters, to a total of 14,200 meters. This will ensure that we have significant meterage to properly evaluate this gold discovery.'
SM20 - 21.As previously reported, drill holes SM20-19 intercepted a large low-grade structure below a high-grade zone. The same applies in this case. Both holes SM20-19 and SM20-21 intercepted the structure at the same vertical depth of -225 meters which contains little gold at this elevation.
Readers should note, that these holes were drilled before receiving the assays from the gold discovery in hole SM20-20 previously reported.
Drill hole SM20-21 Assay Results Drill HoleFrom mTo m Width mAu g/tAg g/tAgEq* g/tPb %Zn %Cu % SM20-21 231.10264.2018.90 0.16 7.10 15.33 0.040.110.01 Includes 242.30244.402.10 0.92 15.75 63.07 0.200.480.01 ** Ag Equivalent ('Ag Eq') grade is calculated using $20 per ounce Ag and $1,600 Au
SM20-22The next fence of holes SM20- 22, 23 and 24 are located 75 meters to the west of drill collars SM20-19-20 and have been designed to intercept the Santa Maria structure at a vertical depth of -175, -225, and -275 meters, respectively, using a newly interpreted mineral / structural thesis which includes new gold mineralization plunging 45 degrees to the west and remains open in all directions.
Peter J. Hawley states: 'As seen below in Tables 2 and 3 and Photos 1 to 4, we continue to define a new, never discovered high grade gold mineral domain system, with silver credits, over consistent widths in an area never explored, and which remains open to the west and at depth, plunging 45 degrees to the west and open in all directions for expansion.
Drill hole SM20-22 Compilation Assay Results Drill HoleFrom mTo m Width mAu g/tAg g/tAg Eq* g/tPb %Zn %Cu % SM20-22 151.10165.5014.40 4.95 12.97 267.60 0.110.260.02 Includes 156.00165.509.50 7.17 16.25 385.07 0.140.290.03 179.30182.403.10 0.94 59.06 107.41 0.530.370.04 Includes 179.30180.301.00 1.05 65.60 119.61 0.770.000.04 Includes 181.50182.400.90 1.56 78.00 158.25 0.000.000.07 ** Ag Equivalent ('Ag Eq') grade is calculated using $20 per ounce Ag and $1,600 Au
Drill hole SM20-22 Selected Individual Assay Results Drill HoleFrom mTom Width mAu g/tAg g/tAg Eq* g/tPb %Zn %Cu % SM20-22 156.00157.001.00 14.05 48.30 771.03 0.630.000.08 159.40161.201.80 22.60 24.90 1,187.44 0.120.310.03 161.20163.001.80 1.10 10.40 66.98 0.040.180.04 164.00165.501.50 7.11 15.20 380.94 0.190.660.03
** Ag Equivalent ('Ag Eq') grade is calculated using $20 per ounce Ag and $1,600 Au
FUTURE DRILLING UPDATE
Drill holes SM20-23 - 26 have been completed and submitted for assay. Hole SM20-27 is in progress and sites for holes SM20-28 to 36 are planned, subject to assays results and structural interpretation.
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 technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
We seek Safe Harbor.