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Santacruz Silver Mining Ltd.
Summary
| Project: | Veta Grande | |
|---|---|---|
| Deposit: | Veta Grande | |
| Location: | Mexico | |
| Commodities: | Silver-Gold-Lead-Zinc | |
| Date: | 7/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-7-2018: Santacruz Silver Mining Ltd. announces an Exploration/Drilling Update report for its Veta Grande deposit at the Veta Grande project. Drilling results incl. 1.15m @ 1.36g/t Au, 235g/t Ag, 7.52% Pb, 8.75% Zn, 0.19% Cu from 196.85m. Vancouver, B.C. | |
| 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”) reports initial Phase I drill results from ongoing drill program at the Garcia and Armados mines that form part of the Company’s Veta Grande Project located in the Zacatecas mining district, Zacatecas, Mexico. The objective of the drill program is to better define the down dip extension of the Veta Grande and Armados veins through surface and underground core drilling. To date ten drill holes totaling 3,323 meters of core drilling has been competed on the property and the Company has received results for the first six drill holes. Seven drill holes (AR18-001 to AR18-007) were collared from underground drill stations at the Armados mine where core drilling has led to the discovery of three on echelon high grade veins (named San Abraham, San Patricio and Sistema Santacruz) that are located in the footwall of the Armados vein. The mineral tenure of the three new veins demonstrates much higher lead (up to 11.5%), zinc (up to 19.6%), copper (up to 0.43%), and gold (up to 1.91 g/t) than is seen in the Armados vein where lead and zinc grades are typically less than 0.5% and where gold is typically absent. Additional core drilling is required to adequately characterize these new veins. With the present information, management believes the new veins may represent a separate mineralizing event than that associated with the Armados vein. With the discovery of the new veins, together with the Armados and Veta Grande veins, eight epithermal veins have so far been explored by core drilling on the Veta Grande Project by the Company (Veta Grande, Armados, San Jose, La Flor, Esperanza, San Abraham, San Patricio and Sistema Santacruz). At the Garcia mine, three drill holes (VG18-001, VG18-002 and VG18-003) were collared from surface and intersected the mineralized down dip extension of the Veta Grande, La Esperanza and La Flor veins. The Company elected to initially target the Veta Grande vein near the southern border of the property based upon its proximity to historic underground workings and published drill results from the adjoining property that indicated potential for high grade material. The three holes completed in this area intersected the targeted structures including wide intervals of quartz vein material. Unfortunately the assay results associated with these wide quartz vein intercepts did not carry high grade mineralization. | |
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