Western Silver Confirms Continuity of Penasco Gold-Silver Zone
Tuesday November 30, 8:16 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 30, 2004--Western Silver Corporation (TSX:WTC - News; AMEX:WTZ - News)
Additional high-grade gold identified
Western Silver Corporation today announced assay results for 26 additional holes from recently completed drilling at the Penasco deposit in the Outcrop breccia, located within its wholly-owned Penasquito silver, gold, zinc and lead property in central Mexico.
The drilling program included both in-fill definition drilling and offset drilling of high grade-gold mineralization recently discovered along the northern contact of the Outcrop breccia.
In-fill drilling on 50 meter centers shows good correlation with previously drilled holes, both with respect to thickness and grade of mineralization. The following holes are of particular note:
WC-183- 492.0 meters averaging 1.53 g/t gold, 52 g/t silver, 0.45% lead and 1.03% zinc.
WC-191- 401.7 meters averaging 1.42 g/t gold, 40 g/t silver, 0.41% lead and 0.96% zinc.
WC-194- 466.2 meters averaging 1.05 g/t gold, 35 g/t silver, 0.42% lead and 1.05% zinc.
WC-294- 520.0 meters averaging 1.10 g/t gold, 48 g/t silver, 0.48% lead and 0.98% zinc.
High-grade gold-silver-lead-zinc mineralization has been intersected along the northern contact of the Outcrop breccia both west and east of the WC-166 intercept which contained high grade gold mineralization over significant widths (see press release # 10 dated August, 30 2004). Hole WC-184, collared 50 meters west of WC-166, intersected a 24 meter interval from 480 to 504 that averages 2.75 g/t gold, 149 g/t silver, 1.89% lead and 3.37% zinc. Included in this zone is a 2 meter interval from 492-494 meters that averages 27.4 g/t gold (0.80 oz/ton), 842 g/t silver (24.6 oz/ton), 6.81% lead and 20.20% zinc. Hole WC-191, collared 100 meters south and 100 meters east of WC-166, intersected an 18 meter zone beginning at 566 meters averaging 13.71 g/t gold (0.40 oz/ton), 184 g/t silver (5.4 oz/ton), 1.15% lead and 4.48% zinc. Included in this zone is a 4 meter interval from 576-580 meters that averages 30.85 g/t gold (0.90 oz/ton), 351 g/t silver (10.3 oz/ton), 0.83% lead and 7.60% zinc. All other holes, except WC-185, drilled 200 meters east of WC-166, contain zones of +2 g/t gold.
The southern Penasco zone also contains high-grade gold, but with lower lead-zinc values. Hole WC-193, collared 50 meters east and 485 meters south of WC-166, contains a 54 meter interval beginning at 422 meters averaging 10.82 g/t gold, 73 g/t silver, 0.15% lead and 0.43% zinc. A four meter zone within this interval averages 60.5 g/t gold (1.77 oz/ton) and 385 g/t silver (11.2 oz/ton).
The 2004 exploration drilling program, which began during February 2004, has been completed after drilling 112 holes (56,570 meters). Assay results for 26 of 33 holes are reported in this release. A complete assay summary for all 26 holes and a map with hole locations may be found on Western Silver's website at www.westernsilvercorp.com.
Currently two diamond drills are completing large diameter drill holes both in the Chile Colorado and Penasco deposits to obtain samples for metallurgical testing of both oxide and sulfide mineralization. A feasibility study incorporating the oxide and sulfide zones from Chile Colorado and Penasco has commenced and is scheduled for completion by mid 2005.
Dr. Thomas Patton is the qualified person responsible for the preparation of this release in accordance with NI-43-101.
Western Silver Corporation is a publicly-traded mineral exploration company focused on discovering and developing silver properties in the Americas. The Company's primary project, the 100%-owned Penasquito property in central Mexico, is emerging as a silver-gold-lead-zinc district with significant exploration upside. The Chile Colorado Zone at Penasquito has been independently confirmed as one of the largest undeveloped silver deposits in the world and is economic at conservative. Western Silver also has an interest in the world class San Nicolas zinc-copper project in Mexico with Teck Cominco and owns the Carmacks Copper Project in the Yukon. The Company, which is internationally recognized for its technical ability, is listed on the American (AMEX:WTZ - News) and Toronto (TSX:WTC - News) stock exchanges.
On behalf of the board,
F. Dale Corman, Chairman and C.E.O.
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.
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Hole Interval Au Ag Pb Zn
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From - To (m) (ft) (g/t) (g/t) % %
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WC-99 EXT 542.00 - 706.00 164.00 537.9 0.40 19.2 0.08 0.08
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WC-180 0.00 - 46.00 46.00 150.9 0.16 50.6 0.65 0.34
(i)
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46.00 - 154.00 108.00 354.2 0.29 51.1 0.75 1.24
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Includes 46.00 - 98.00 52.00 170.6 0.39 75.4 0.87 1.91
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288.00 - 322.00 34.00 111.5 0.15 38.3 0.31 0.40
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388.00 - 492.00 104.00 341.1 0.54 18.9 0.18 0.44
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510.00 - 608.00 98.00 321.4 1.82 20.0 0.11 0.67
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Includes 578.00 - 590.00 12.00 39.4 7.31 47.7 0.11 1.59
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632.00 - 815.04 183.04 600.4 0.34 56.8 0.33 0.66
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WC-181 46.00 - 58.00 12.00 39.4 4.75 25.8 0.28 0.32
(i)
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Includes 48.00 - 50.00 2.00 6.6 23.00 25.0 0.23 0.39
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118.00 - 136.00 18.00 59.0 0.40 50.8 1.29 1.17
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336.00 - 346.00 10.00 32.8 0.38 23.8 0.46 0.95
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396.00 - 547.73 151.73 497.7 1.23 39.6 0.60 1.32
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Includes 488.00 - 504.00 16.00 52.5 4.02 101.8 2.06 5.56
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WC-182 248.00 - 320.00 72.00 236.2 0.28 32.4 0.43 0.60
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Includes 252.00 - 266.00 14.00 45.9 0.94 64.5 0.87 1.27
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WC-183 14.00 - 22.00 8.00 26.2 0.41 75.1 0.66 1.32
(i)
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244.00 - 736.00 492.00 1613.8 1.53 51.8 0.45 1.03
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Includes 346.00 - 380.00 34.00 111.5 8.68 403.3 3.06 5.76
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Includes 350.00 - 376.00 26.00 85.3 10.75 482.9 3.60 6.77
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Includes 370.00 - 374.00 4.00 13.1 29.85 1318.5 12.28 13.95
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Includes 682.00 - 700.00 18.00 59.0 7.52 79.9 0.28 0.93
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Includes 688.00 - 690.00 2.00 6.6 12.90 96.6 0.27 1.63
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Includes 692.00 - 696.00 4.00 13.1 12.36 148.0 0.37 0.98
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Includes 700.00 - 736.00 36.00 118.1 3.29 22.1 0.10 1.14
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Includes 724.00 - 726.00 2.00 6.6 21.80 5.1 0.00 1.37
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Includes 732.00 - 734.00 2.00 6.6 26.50 7.0 0.01 1.36
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WC-184 204.00 - 212.00 8.00 26.2 1.96 40.4 0.44 0.37
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370.00 - 400.00 30.00 98.4 0.56 56.5 0.70 1.90
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456.00 - 504.00 48.00 157.4 1.69 102.9 1.31 2.44
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Includes 480.00 - 504.00 24.00 78.7 2.75 148.9 1.89 3.37
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Includes 492.00 - 494.00 2.00 6.6 27.40 842.0 6.81 20.20
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Includes 502.00 - 504.00 2.00 6.6 5.66 351.0 5.54 8.37
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Wc-185 218.00 - 224.00 6.00 19.7 0.61 39.5 0.63 0.78
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288.00 - 292.00 4.00 13.1 0.73 10.6 0.02 0.02
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390.00 - 438.00 48.00 157.4 0.19 23.8 0.32 0.70
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WC-186 30.00 - 176.00 146.00 478.9 0.23 38.2 0.48 0.46
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220.00 - 836.68 616.68 2022.8 0.30 30.1 0.28 0.56
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Includes 220.00 - 254.00 34.00 111.5 0.67 76.9 0.42 0.81
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WC-187 36.00 - 108.00 72.00 236.2 0.19 27.6 0.30 0.32
(i)
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108.00 - 734.87 626.87 2056.1 0.68 36.8 0.45 1.02
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Includes 108.00 - 374.00 266.00 872.5 0.42 26.4 0.26 0.62
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Includes 282.00 - 332.00 50.00 164.0 0.99 71.5 0.65 1.92
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Includes 450.00 - 494.00 44.00 144.3 3.98 53.0 0.71 1.21
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WC-188 146.00 - 154.00 8.00 26.2 0.47 51.2 0.98 1.17
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378.00 - 597.41 219.41 719.7 0.92 39.5 0.51 1.10
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Includes 522.00 - 576.00 54.00 177.1 2.47 73.8 0.96 2.46
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WC-189 122.00 - 166.00 44.00 144.3 0.30 40.1 0.67 1.13
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332.00 - 588.87 256.87 842.5 1.08 33.1 0.47 0.98
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Includes 434.00 - 448.00 14.00 45.9 1.35 72.3 1.39 2.43
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502.00 - 546.00 44.00 144.3 3.92 93.0 1.36 3.07
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WC-190 148.00 - 176.00 28.00 91.8 0.22 22.7 0.31 0.69
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202.00 - 696.77 494.77 1622.8 0.77 49.9 0.60 1.36
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Includes 202.00 - 216.00 14.00 45.9 1.38 223.9 1.56 3.48
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WC-191 142.00 - 168.00 26.00 85.3 0.45 29.7 0.64 1.10
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222.00 - 266.00 44.00 144.3 0.29 24.9 0.15 0.22
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278.00 - 679.70 401.70 1317.6 1.42 39.6 0.41 0.96
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Includes 416.00 - 434.00 18.00 59.0 1.63 53.7 0.43 1.23
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540.00 - 590.00 50.00 164.0 6.34 100.9 0.78 2.82
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Includes 566.00 - 584.00 18.00 59.0 13.71 184.2 1.15 4.48
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Includes 568.00 - 570.00 2.00 6.6 25.80 267.0 1.97 3.83
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Includes 576.00 - 580.00 4.00 13.1 30.85 351.5 0.83 7.60
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WC-192 82.00 - 150.00 68.00 223.0 0.36 19.8 0.33 0.53
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350.00 - 565.40 215.40 706.5 0.62 39.4 0.49 1.21
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Includes 434.00 - 466.00 32.00 105.0 2.07 110.1 1.29 2.95
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546.00 - 550.00 4.00 13.1 4.55 198.5 3.34 8.79
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WC-193 73.40 - 652.00 578.60 1897.8 0.34 26.1 0.32 0.70
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Includes 200.00 - 216.00 16.00 52.5 1.27 147.2 7.23 2.10
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528.00 - 554.00 26.00 85.3 2.31 84.4 0.77 3.92
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WC-194 76.00 - 82.00 6.00 19.7 0.29 14.5 0.11 0.20
(i)
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226.00 - 692.20 466.20 1529.1 1.05 34.8 0.42 1.05
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Includes 520.00 - 682.00 162.00 531.4 2.25 50.6 0.63 1.71
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Includes 668.00 - 682.00 14.00 45.9 5.09 27.5 0.07 1.44
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WC-195 104.00 - 258.00 154.00 505.1 0.15 16.5 0.26 0.57
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300.00 - 794.60 494.60 1622.3 0.66 49.8 0.36 0.92
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Includes 410.00 - 492.00 82.00 269.0 1.59 46.1 0.49 0.71
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WC-196 198.00 - 288.00 90.00 295.2 0.67 78.4 1.15 1.17
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Includes 201.80 - 214.00 12.20 40.0 3.32 329.0 6.08 3.81
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306.00 - 719.63 413.63 1356.7 0.83 31.1 0.36 1.05
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Includes 556.00 - 664.00 108.00 354.2 2.08 54.5 0.66 2.09
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WC-197 126.00 - 166.00 40.00 131.2 0.36 42.3 1.07 1.40
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440.00 - 492.00 52.00 170.6 0.50 39.3 0.56 0.71
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538.00 - 666.00 128.00 419.8 0.46 22.1 0.33 0.69
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Includes 593.20 - 598.50 5.30 17.4 2.95 154.6 3.05 7.56
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WC-198 198.00 - 673.00 475.00 1558.0 0.56 19.0 0.17 0.39
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Includes 326.00 - 342.00 16.00 52.5 1.15 30.6 0.54 1.04
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356.00 - 388.00 32.00 105.0 1.03 36.8 0.47 1.11
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394.00 - 406.00 12.00 39.4 2.79 64.4 0.46 0.75
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478.00 - 484.00 6.00 19.7 10.03 190.6 1.09 3.01
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WC-199 132.00 - 218.00 86.00 282.1 0.29 19.6 0.27 0.56
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290.00 - 739.14 449.14 1473.2 0.71 35.8 0.34 0.74
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Includes 376.00 - 478.00 102.00 334.6 1.59 38.9 0.40 0.83
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514.00 - 532.00 18.00 59.0 1.86 63.2 0.69 1.48
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WC-200 190.00 - 222.00 32.00 105.0 0.14 31.3 0.63 1.49
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496.00 - 646.18 150.18 492.6 0.24 15.6 0.17 0.30
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WC-201 86.00 - 94.00 8.00 26.2 0.45 24.4 0.28 1.36
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336.00 - 798.00 462.00 1515.4 0.39 27.0 0.39 0.87
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WC-202 82.00 - 96.00 14.00 45.9 0.23 32.3 0.53 0.50
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202.00 - 326.00 124.00 406.7 0.32 35.4 0.28 0.72
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342.00 - 612.00 270.00 885.6 0.61 18.8 0.05 0.25
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WC-203 62.00 - 160.00 98.00 321.4 0.30 12.3 0.24 0.20
(i)
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184.00 - 476.00 292.00 957.8 2.24 22.3 0.15 0.32
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Includes 422.00 - 476.00 54.00 177.1 10.83 72.6 0.15 0.43
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Includes 428.00 - 450.00 22.00 72.2 13.39 87.2 0.17 0.47
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Includes 438.00 - 448.00 10.00 32.8 23.56 147.1 0.25 0.57
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Includes 438.00 - 440.00 2.00 6.6 52.90 148.0 0.47 0.54
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Includes 458.00 - 462.00 4.00 13.1 60.50 384.5 0.23 0.57
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Includes 458.00 - 460.00 2.00 6.6 84.00 571.00 0.33 0.35
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518.00 - 704.00 186.00 610.1 0.87 16.1 0.09 0.29
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WC-204 322.00 - 842.00 520.00 1705.6 1.10 47.7 0.48 0.98
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Includes 322.00 - 448.00 126.00 413.3 0.64 39.6 0.63 1.31
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448.00 - 534.00 86.00 282.1 4.79 65.4 0.71 1.24
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Includes 452.00 - 456.00 4.00 13.1 7.08 78.9 1.01 1.90
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Includes 462.00 - 470.00 8.00 26.2 6.84 97.8 1.09 1.69
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Includes 486.00 - 504.00 18.00 59.0 7.05 108.8 1.05 1.97
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Includes 486.00 - 488.00 2.00 6.6 16.20 238.0 1.72 2.31
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Includes 530.00 - 532.00 2.00 6.6 43.20 51.7 0.92 1.41
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WC-205 282.00 - 314.00 32.00 105.0 0.38 65.8 1.14 0.91
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540.00 - 730.00 190.00 623.2 0.37 20.9 0.22 0.61
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(i) oxide mineralization
Core and RC samples were prepped and analyzed by ALS Chemex of Vancouver, B.C. Samples were initially run using conventional ICP analysis with an aqua regia digestion process. A series of property specific standards and blanks were routinely submitted with each batch of samples. A 30 gram fire assay with gravimetric finish was run on all samples for gold and silver. Samples containing more than 1% lead or zinc were analyzed using AA with aqua regia digestion. Samples with greater than 5g/t gold were rerun by screen and fire assay at ALS Chemex using new 1000 gram pulps. Screen and fire assays for the high grade gold values reported in hole WC-203 have not been received as of the date of this news release and may be subject to revision.
The Toronto Stock Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.
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Contact:
Western Silver Corporation
Gerald Prosalandis
Vice President Corporate Development
(604) 684-9497
Fax: (604) 688-4670
Website: www.westernsilvercorp.com
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Source: Western Silver Corporation |
