Conserrat A New Gold And Silver Discovery
E2 Metals (ASX:E2M) has received “exceptional” gold and silver assay results for the recent drill programme at the Miaprospect, Conserrat Project, located in the Santa Cruz province of Argentina.
Conserrat is centred 15km along trend from AngloGold Ashanti’s world-class Cerro Vanguardia gold and silver mine (current and historical reserves of 8.9Moz Au, 137Moz Ag) and represents a new greenfields gold and silver discovery.
The highlight hole from the programme, DRC-MI20-012 intersected 18m at 47 gpt gold and 208 gpt silver from 66m, including1m at 424 gpt gold and 1489 gpt Ag from 68m.
The hole is located 50m southeast of previously reported high-grade mineralisation in hole CORC-36 which returned 8m at 7.64gpt Au, 216gpt Ag.
Managing Director, Todd Williams, said that promisingly, the hole terminated in mineralisationwith 5.6gpt Au, 97gpt Ag in the final RC drill sample.
“The recent drill results at Mia exceed our expectations and compare with the best gold and silver epithermal vein systems globally with respect to the grades and thickness,” Mr Williams said.
“The depth to mineralisation provides further encouragement being only 50 vertical meters below the surface.
“This is a watershed moment for E2 Metals that confirms the outstanding potential of the Conserrat project, with many Mia-style vein targets still to test.”
Drilling at Mia was designed to test extensions of the high-grade gold and silver announced last field season in drill hole CORC-36.
Five RC drill holes were designed to test the structural intersection of the northwest and east-west vein sets. Holes DRC-MI20-011 and 012were collared on one northeast section located 50m southeast of the previous high-grade intercept. Both holes intercepted wide zones of gold and silver mineralisation with grades improving at depth.
Mr Williams said further drilling is required to better define the structural context and controls on mineralisation
The next round of drilling is set to commence shortly and will be on north-south lines to test the extent of high-grade mineralisation along the east-west structure.