Intersects 194 g/t AgEq Over 217m In Final Drilling for
Discovery Silver Corp. (TSXV: DSV, OTCQX: DSVSF) will add the results from the final drill holes to support the new resource estimate on its flagship Cordero silver project located in Chihuahua State, Mexico.
President and CEO, Taj Singh, said the resource update is scheduled for completion toward the end of this quarter and will be followed by an updated PEA in 4Q 2021.
“The results from our first drill programme at Cordero, including further exceptional results in this release, have exceeded our expectations.
“We have not only confirmed the size and scaleability of Cordero, but also highlighted the excellent margin potential of the Project too. The large volume of drill data we have added, totaling 91,000 m in 223 holes, has also significantly de-risked the Project. This new drilling, which will be complemented by our reinterpretation of the geological and structural controls of the deposit, provides a strong platform on which the upcoming resource and PEA will be based.”
Highlight intercepts include:
- 217.3 m averaging 194 g/t AgEqfrom 39.3 m (75 g/t Ag, 0.45 g/t Au, 1.1% Pb and 1.0% Zn) in hole C21-481 including: 81.9 m averaging 254 g/t AgEq(99 g/t Ag, 0.54 g/t Au, 1.5% Pb and 1.4% Zn)
- 25.5 m averaging 404 g/t AgEqfrom 147.2 m (236 g/t Ag, 0.55 g/t Au, 1.2% Pb and 1.9% Zn) in hole C21-482 including: 1.5 m averaging 3,763 g/t AgEq (2,552 g/t Ag, 2.33 g/t Au, 13.3% Pb & 13.3% Zn)
- 56.8 m averaging 139 g/t AgEqfrom 358.7 m (40 g/t Ag, 0.05 g/t Au, 0.7% Pb and 1.7% Zn) in hole C21-442
- 52.5 m averaging 128 g/t AgEqfrom 214.8 m (42 g/t Ag, 0.08 g/t Au, 0.7% Pb and 1.3% Zn) and 54.9 m averaging 133 g/t AgEq1 from 392.8 m (39 g/t Ag, 0.06 g/t Au, 0.9% Pb and 1.3% Zn) in hole C21-493
The final drill holes for the updated resource estimate were from multiple zones in both the North and South Corridors. Drilling in the South Corridor along the Josefina vein trend continues to intercept high-grade veins within broader zones of disseminated mineralization. Highlight intercepts include 25.5 m of 404 g/t AgEq from 147.2 m (C21-482), 21.0 m of 197 g/t AgEq from 121.5 m (C21-474) and 23.7 m of 195 g/t AgEqfrom 24.8 m (C21-516).
Infill drilling within the central part of the South Corridor was also successful in confirming continuity of mineralisation within the higher-grade bulk-tonnage domain. Drilling in the South Corridor in the Far NE returned mixed results suggesting limited potential to extent the high-grade bulk-tonnage domain in this part of the deposit.
In the North Corridor, hole C20-481 confirmed the excellent starter pit potential of the Pozo de Plata zone returning 217.3m of 194 g/t AgEq. The mineralised zone sits partially within a higher-grade breccia unit more than 150 m wide and started near-surface (39.3 m downhole) and consistently reported excellent grades through the entire +200 m interval.
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