Zacatecas Silver Corp. is advancing its silver projects in Zacatecas, Mexico, with a new drill program designed to expand existing resources and explore high-grade intercepts found outside known boundaries. The program will focus on veined systems at Panuco, El Cristo, and the South, North, and El Rosario veins.
Zacatecas Silver Corp. is thrilled to announce the design of a comprehensive drill program targeting its silver projects in Zacatecas, Mexico . The program aims to build upon previous successful exploration efforts and will seek bids from drilling contractors soon.
The Company's focus is twofold: expanding the existing resource at its Panuco project (details can be found in the news release dated May 30, 2023) and investigating high-grade silver intercepts found outside the current resource boundaries. Extensive drilling and trenching at Panuco have yielded impressive results, including intervals of 1.25 meters at 1,440 grams per tonne silver equivalent and 1.23 meters at 750 grams per tonne silver equivalent. These findings, along with the recently announced updated mineral resource estimate at Panuco (3.41 million tonnes at 187 grams per tonne silver equivalent), highlight the project's significant potential for growth. The exploration program will also focus on other promising vein systems within the Zacatecas Silver Project. El Cristo, an extension of the renowned Veta Grande vein, has shown encouraging signs with 22 out of 28 scout drill holes intersecting silver and base metal mineralization. The South, North, and El Rosario veins, located south of Panuco and north of El Cristo, form another extensive vein system extending over three kilometers, offering numerous drilling targets. Zacatecas Silver CEO and Director, Eric Vanderleeuw, expressed his enthusiasm for the program: 'As we focus on advancing our silver assets, our technical team has designed a program aimed at expanding the current resource while following up on multiple high-grade intercepts drilled outside the known resource area. This is a highly prospective project with significant expansion potential, located in a top-tier silver mining jurisdiction.' The Company also announced the successful closing of its non-brokered private placement financing, raising $1,500,000. The net proceeds will be used to fund exploration activities at both the Esperanza Gold Project and the Zacatecas Silver Project, as well as for general working capital.
Zacatecas Silver Silver Exploration Drill Program Mexico Panuco El Cristo Veta Grande Private Placement Financing
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMPACT Silver Intersects High-Grade Silver on Kena Vein South Discovery at Guadalupe MineIMPACT Silver Corp. announces significant drill results from the Kena Vein South discovery at its Guadalupe silver mine in Mexico. Drilling intersected high-grade silver mineralization, including 597 g/t silver over 2.77 meters and 1,460 g/t silver over 0.55 meters. The vein is located within 100-200 meters of active mine workings, allowing for rapid and low-cost mine development. The Company plans to begin mining from Kena South this month.
Read more »
SILVER BULLET MINES DISCOVERS ADDITIONAL HIGH GRADE SILVER MINERALIZATION AT SUPER CHAMP MINE IN ARIZONASilver Bullet Mines Corp. announces the discovery of high-grade silver mineralization near its Super Champ Mine in Arizona, indicating a potential parallel vein system.
Read more »
Silver Prices Decline on Friday, Gold/Silver Ratio RisesSilver prices (XAG/USD) fell on Friday, according to FXStreet data. The precious metal traded at $30.54 per troy ounce, marking a 0.87% decrease from Thursday's price of $30.80. Despite the recent dip, silver prices have witnessed a 5.68% increase since the beginning of the year. The Gold/Silver ratio, an indicator reflecting the number of silver ounces required to equal the value of one gold ounce, reached 88.74 on Friday, a slight uptick from Thursday's 88.17.
Read more »
Aya Gold & Silver Reports Exceptional 2024 Exploration Results at Zgounder Silver Mine and Boumadine ProjectAya Gold & Silver Corp. released its annual exploration update for 2024, highlighting exceptional silver equivalent (AgEq) values intercepted in drilling at its Zgounder Silver Mine and Boumadine Project in Morocco. The company also announced an updated Mineral Resource Estimate (MRE) for the Zgounder Mine, with significant increases in silver and gold resources.
Read more »
Silver Prices Rise, Gold/Silver Ratio DipsSilver prices saw an uptick on Wednesday, driven by various market dynamics. The Gold/Silver ratio also experienced a slight decrease.
Read more »
Amarc Announces High-Grade 'AuRORA' Copper-Gold-Silver Deposit Discovery at JOY DistrictAmarc Resources Ltd. ('Amarc') and Freeport-McMoRan Mineral Properties Canada Inc. ('Freeport') have jointly discovered a new, high-grade gold-rich porphyry copper-gold-silver ('Cu-Au-Ag') deposit called AuRORA at Amarc's 100% owned JOY Copper-Gold District in British Columbia. This discovery marks a significant milestone for both companies.
Read more »