Post by
blackgold14 on Feb 04, 2021 2:59pm
Silver Resource Probably Stands At 15 Million Ounces Now
The results from the first two holes of the drilling campaign are positive but not spectacular. Both holes returned above average silver mineralization that will clearly add a lot of ounces to the next calculation of the overall silver (and other metals) resource. If I were to make an educated guess, these results combined with similar results from the next three holes as well as future confirmation drilling, we are probably at 15 million ounces of silver. Of course, there is the possibility that the next three holes will yield long intersections of the 10 plus ounce silver material as in the past which would increase my estimate beyond the 15 million ounce mark. We'll see in the next month. What I would like to know is how long are the veins on these satellite deposits ? If there is continuity potential beyond the latest drilling, then of course, the silver resource could be much larger. I'm not a geologist but these initial results are good and definitely add value to the project and ultimately the price if the company ends up selling the project.