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Santacruz Silver Mining Ltd.
Summary
| Project: | Veta Grande | |
|---|---|---|
| Deposit: | Veta Grande | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc-Copper | |
| Date: | 10/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-10-2018: Santacruz Silver Mining Ltd. announces an Exploration/Drilling Update report for its Veta Grande deposit at the Veta Grande project. Drilling results incl. 6.35m @ 0.16g/t Au, 30.48g/t Ag, 0.14% Pb, 0.70% Zn, 1.89% Cu from 459.2m. Vancouver, B | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Van Phu Bui (Independent) | |
| ABSTRACT: | Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) is pleased to provide an update from the Phase I drill program ongoing on the Veta Grande, Armados, and Navidad veins that form part of the Company’s Veta Grande Project located in the Zacatecas mining district, Zacatecas, Mexico (see press release dated July 9, 2018). Diamond drilling is well on its way to better define the Veta Grande and Navidad veins from surface while an underground drill rig will be used to better define the Armados vein. To date, 19 drill holes totalling 6,165 metres have been completed. Initial drill results at the Navidad vein are confirming high-grade vein intersections near surface and close to existing mine workings. Highlights include drill hole NA18-006 that intersected 668.84 grams per tonne silver, 0.17 grams per tonne gold, and 0.12 percent copper (698.35 grams per tonne silver-equivalent) over 1.95 metres (approximated true width), from 56.6 metres to 58.75 metres. In addition to this, the Veta Grande vein is also confirming strong mineralization to the north. Carlos Silva, COO of Santacruz, commented; “With these drill results at the Navidad vein, and higher grade intercepts along the northern strike of the Veta Grande vein, we continue to demonstrate the potential of this high-grade mineralized district.” Mr. Silva added; “We recently identified the potential of the Navidad vein, which has never been systematically explored, and results thus far are extremely encouraging. Drilling is continuing with an additional 14,000 metres of diamond drilling budgeted.” | |
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