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First Majestic Silver Corp.
Summary
| Project: | Santa Elena | |
|---|---|---|
| Deposit: | Ermitano | |
| Location: | Mexico | |
| Commodities: | Silver-Gold | |
| Date: | 2/24/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-2-2020: First Majestic Silver Corp. announces an Exploration/Drilling Update report for its Ermitano deposit at the Santa Elena project. Drilling results incl. 10.8m @ 12.84g/t Au, 46g/t Ag from 96m. FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ramon Mendoza Reyes (Internal) | |
| ABSTRACT: | FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the "Company" or “First Majestic”) is pleased to announce the results from its 2019 exploration program at the Ermitaño project located approximately four kilometres away from the Company’s producing Santa Elena operation in Sonora, Mexico. The program focused on infill drilling to upgrade a large existing Inferred Resource into Indicated Resources to support detailed mine design before construction. “Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high‐grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high‐grade drill results.” The 2019 exploration program totalled 33,767 metres in 103 drill holes primarily consisting of infill holes designed to increase the confidence and overall size of the resource. Highlights from the program include the following high‐grade intercepts | |
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