Baroyeca Gold & Silver Inc V.BGS

Baroyeca Receives Assays of up to 708 g/t AgEq,

[EWPeakIM]

Baroyeca Receives Assays of up to 708 g/t AgEq, from the First Drill Hole of Phase 2 Drill Program at the Atocha Project in Tolima, Colombia

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2022) - BAROYECA GOLD & SILVER INC. (TSXV: BGS) (the "Company") is pleased to announce the first assay results from its phase 2 drilling program at its flagship Atocha high-grade silver project in Tolima, Colombia. The Company has completed the 1,500m phase 1 drilling program at La Ye and is now moving to a new target where chip samples collected in 2021 on outcropping veins returned values as high as 1,587, 1,426, 1,345 and 1,265 g/t AgEq.

Raul Sanabria, P.Geo., President of Baroyeca commented: "We are pleased to see more parallel structures following wide vein corridors in our first two holes drilled in this new area, another discovery on the Atocha property. Assay results of up to almost three quarters of a kilo per tonne silver equivalent makes a good start to the phase 2 program. The next drill holes will test the continuity of the structure along strike while we develop more drill targets to the south, where we found at least three more parallel vein zones within short distance."

The first hole of this phase 2 program (AT-22-20) intersected two stacked veins roughly ten meters apart from each other (see Figure 1). The upper vein zone returned 238 g/t AgEq over 0.25m as part of a 1.25m (*) vein interval and the lower vein intersect returned 413.8 g/t Ag (708.03 g/t AgEq) over 0.30m as part of a 1.30m (*) wide vein zone. The veins are hosted in amphibolitic to graphitic schist. Graphitic schist is the preferred host rock, showing pyritic alteration haloes around the veined zones. Drill core in the mineralized zones appeared very fractured due to a coincident faulted zone in the same zone of the veins and may had affected results due to washing and weathering.

read full release: Baroyeca - Baroyeca Receives Assays of up to 708 g/t AgEq, from the First Drill Hole of Phase 2 Drill Program at the Atocha Project in Tolima, Colombia