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E2 Metals Ltd.

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Summary

Project:

Sierra Morena

Deposit:Sierra Morena
Location:Argentina
Commodities:Gold
Date:5/20/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:20-5-2019: E2 Metals Ltd. announces an Exploration/Drilling Update report for its Sierra Morena deposit at the Sierra Morena project. Drilling results incl. 12.0m @ 0.33g/t Au, 64.3g/t Ag from 30.0m. Eleven holes totalling 1022m were drilled at the Easter
Resources:x
CP/QP:[Overall Report]: Benjamin Nicolson (Internal)
ABSTRACT:Eleven holes totalling 1022m were drilled at the Eastern Vein prospect to test outcropping gold and silver mineralised veins (Figure 1). Most holes intercepted a wide zone of mineralised veins with variable gold and silver ratios. The broadest intercept in SMRC-02 totalled 12m at 0.33 gpt gold and 64.3 gpt silver from 32 metres, including 1m at 0.46 gpt gold and 204 gpt silver. Gold dominated veins assaying up to 3.47gpt gold over 1 metre are associated with narrow intensely silicified vein breccias with low sulphide content, whereas silver rich veins assaying up to 224 gpt silver over 1 metre are associated with unoxidized ‘black silica’ sulphide alteration. The black sulphide is interpreted to be fine-grained acanthite (a silver mineral) which was recorded by De Grey Mining Limited (De Grey) in historical drill holes1 . Mineralisation is hosted in argillic altered volcaniclastic rocks with at least three discrete intervals of vein and associated stock work zones that range from 1m to approximately 10m wide. This Eastern Vein zone has an estimated true width of up to 25m as defined in SMRC-10 which intercepted three mineralised intervals from 2m to 44m downhole. The drilling has confirmed E2’s interpretation of an easterly dipping orientation. The Eastern Vein zone has been traced over 160 metres strike and remains open to the southeast.

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