Expertise, Exploration, Execution: A High-Grade Gold & Silver Project

The adjective ‘fabled’ is defined as “well known for being of great quality or rarity; famous.” Well, when it comes to mining exploration, knowing the existence or potential of ‘great quality or rarity’ is, indeed, a very good thing. Seasoned geologists and savvy metals & mining investors are acutely aware of this.

Vancouver, BC-based Fabled Silver Gold Corp. (FCO) (TSX-V: FCO, OTCMKTS: FBSGF, Forum) believe they have uncovered just such a deposit, and one of immense quality and quantity at its cornerstone Santa Maria Property at Parral, in the State of Chihuahua, Mexico. The Company had been eying this project for some time – a high-grade silver-gold property situated in the centre of the vast and productive Mexican epithermal silver-gold belt.

The belt has been recognized as a significant metallogenic province which has “reportedly produced more silver than any other equivalent area in the world.” Mexico is currently, and has historically been, the global leader in silver production. It is also a significant producer of gold, along with a wide range of base metals, such as copper, zinc, manganese, and lead. In fact, the majority of the country’s precious metals production comes from deposits containing both precious and base metals or from polymetallic deposits – a key feature of Mexico’s geological landscape – particularly the aforementioned Mexican epithermal silver-gold belt.

In July 2020, the Company entered into an agreement with Golden Minerals Co. (TSX: AUMN) to acquire the Santa Maria project under which Fabled acquired a 100% interest in the property for a total cash consideration of $4.48 million and the issuance of 1 million common shares on the closing date of the transaction.

In short, it was a one-of-a-kind project in which Company CEO Peter Hawley saw enormous potential and “loved what he saw.”


Fabled’s management team firmly believes that the Santa Maria Property’s silver-gold project is both “underexplored and of extremely high-grade”, with significant exploration potential to expand its available mineral resources and identify new discoveries.



(Click image to enlarge)


(Click image to enlarge)


In the News

On January 25th, the Company announced the diamond drill assay results from the on-going 8,000-meter drill program on the Santa Maria Property with additional assays from four additional holes pending. And for shareholders and would-be investors, the results are extremely positive and noteworthy from both a high-grade silver and gold discovery perspective.

CEO Peter Hawley commented on the initial drill results:

"We are quite excited with the results from our first drill hole drilled to the east of the last underground workings and the exceptional wide intersection of 68.6 meters of continuous silver in shallow oxide mineralization. Within this broad zone, 20 meters reported 0.35 g/t Au, 106.29 g/t Ag and within this 20 meters, widths grading 146 g/t Ag, 238 g/t Ag and 151 g/t Ag were intersected (See Table 1 for widths and values). Drill holes SM20-02 and SM20-03 are drilled on the same section with the target being the sulphide intercept of this broad hydrothermal breccia zone, which is typically higher in grade due to metal values not being leached out by surface ground waters as commonly seen in oxide zones. The data being obtained from this fence of drill holes will not only target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drill hole success."


(Plan View of Drill Station Locations over IP Anomalies and Underground Workings. Click image to enlarge)


(Detailed Cross View of Drill Hole Intercepts. Click image to enlarge)


The Company’s initial 8,000 metre drill program has also seen two holes completed, for a total of 396 metres, aiming to determine the true potential of the property. The extensive drill program is expected to take several months to complete.

More from the CEO on the drill program and its past history and forward progress:

"This is the first ever detailed geophysical survey on the property and has successfully identified multiple targets for exploration and drilling, which continues to support our theory of not only multiphases of mineralization but the relationship to structural controls. The results have been incorporated into surfacing mapping, sampling, and underground and surface drilling resulting in a new theory of mineralizing events which should enhance our exploration success. Over four years past owners have only drilled approximately 9,600 metres and we are embarking on an initial 8,000-metre program to determine the true potential of the property, which is expected to take five months to complete."


Investor’s Corner

A picture paints a thousand words, or in this case FCO’s skyrocketing 12 month stock chart.


(12 month TSX-V: FCO stock chart Feb 2020 – Feb 2021. Click image to link to chart)


Fabled Silver Gold Corp. also recently made news when it listed its common shares on the Frankfurt Stock Exchange and will now trade under the symbol 7NQ.

"Fabled is committed to building shareholder value and the Frankfurt Stock Exchange listing will enable international investors to participate in the Company’s growth and development. We feel this is a great opportunity to introduce Fabled to a European investing audience at a time when Fabled is actively drilling at the Santa Maria project,” said Company CEO Peter Hawley.


From the CEO

Peter Hawley, BSC, PGEO, is the Chief Executive Officer, President & Director of Fabled Silver Gold Corp. He is the former founder of Scorpio Mining Corporation – renamed Americas Gold and Silver Corporation – a Nevada open pit gold producer, as well as co-founder of Niogold Resource Corp – now, mining giant Osisko Mining. He has over 35 years of mining industry experience that spans grassroots exploration through to development and production. Today, he leads an experienced management and geological team at Fabled Silver Gold Corp. with multiple years of involvement in mining and exploration in Mexico.

In conversation with Stockhouse Editorial, Mr. Hawley spoke about the Company’s all-in approach to its Santa Maria Project and what shareholders and investors can expect from the project moving forward.

SH: Peter, can you walk us through your Santa Maria Silver Gold mine in Parral, Mexico?

PH: The Santa Maria Property is located in the Parral silver camp. To find an unexplored high grade silver deposit in a camp that has produced over 800M oz Ag and of that amount 500M Oz Ag has been produced on the ground to the north of us. Groupo Mexico’s Santa Barbara and San Francisco del Oro units continue to produce approximately 6M oz Ag per annum and as they say,” the best place to find a new mine is in the shadow of an old mine and this is a pretty big shadow.”

SH: Can you tell us about the boots on the ground and update investor in January on their progress, especially the surface sampling results?

Past Owners focus on a potential small mining operation using the toll mills in Parral to process the material. Their focus was the on the partially outcropping, east – west trending silver – gold Santa Maria and Santa Maria Dos veins. This is where we entered into the picture and realized that there were an additional 19 veins, mostly north – south trending and reporting not only silver – gold values but also base metals. This suggests that you have two events of mineralization. In Addition, the secondary north – south vein sets clearly off set the primary east -west as seen on the Santa Maria veins. Given when you have two structures colliding together you create large dilation zones where you can put greater amounts of metal into. This theory led to the first ever geophysical survey being performed on the property to help support this interpretation.

SH: You’ve recently completed drilling at Santa Maria property following with a successful induced polarization survey identifying 11 new anomalies. Can you walk us through them?

PH: Actually, there were more than 11, but the best of the best were, the 11 east – west trending blind anomalies buried below surface at -125 - -175 meters. These were not described as “thin type” anomalies such as the silver - gold metal bearing Santa Maria veins but a “fat body” anomaly representing a large body of potential metal. Again, the anomalies are slightly offset by the north – south vein structures. Follow up surface sampling over theses anomalies was designed to see if any of the anomalies would have an alteration halo of some degree in say, parts per billion, “ppb”. Much to our surprise four samples reported 0.25 to almost 2 ounces per tonne Ag, which is interpreted to be metal leakage from the underlying silver impregnated IP anomalies.

SH: Can you discuss the long-term strategy for the company and how do you see the silver exploration sector evolving in this region in Mexico?

PH: Currently we have just started an 8,000 meter surface diamond drill program to not only further define the Santa Maria structure and increase the resource but approximately 4,000 meters will be used for pure blue sky exploration testing the buried IP anomalies. If any of the IP anomalies are of interest they would be classified as a Discovery. This could be a game changer for the Company in a hurry. One must keep in mind that the IP anomalies and also the Santa Maria structure all conform to the vein / structures mined just to the north of us for over 800 years. If we are correct, then this interpretation of structures and their emplacement would be a new model to explore the Parral silver camp.

SH: It would be remiss of us not to mention that your share price has more than 750% since last February. What do attribute this big seven-bagger jump to?

PH: We are very fortunate to have strong shareholder support and as I mentioned above a property of this quality is hard to find, let alone discover and I believe we are seeing a re-rating of our share price valued against the quality of the asset.

SH: And finally, Peter, what sets Fabled Silver Gold apart from other junior mining companies in this space and what makes your business model unique?

PH: Track record, experience, location, high grade, big structures only being explored for the first time in a major silver camp in Mexico.


In Closing

A project in one of North America’s most historically prolific and mining-friendly jurisdictions, an undervalued asset in an underexplored region, and an experienced management and exploration team with a proven track record of success…for metals & mining investors who appreciate an appreciating company with high-end, blue sky potential, Fabled Silver Gold Corp’s Santa Maria silver-gold property appears to check all of the right boxes.


Fabled Silver Gold Corp. announces drilling results at the Santa Maria Property. Jan 25, 2021. Click image to play video.


For more information, please visit fabledsilvergoldcorp.com


FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.