Argentum Silver (ASL-V) trench samples 1.2 m of 527 g/t Ag at Coyote
Sept 26, 2013 - News Release
Argentum Silver Corp. has received assay results from a recent trenching program on its 100-per-cent-owned Coyote property in Jalisco, Mexico. Surface trenching has extended the main El Tajo vein for an additional 375 metres to the south along strike. Mineralization at the El Tajo vein remains open at depth and along strike to the south. The trenching also exposed two new zones on the La Valenciana vein, one over 350 metres in strike length and a second over 600 metres in strike length."The trenching results from the El Tajo vein added an additional 375 metres of strike length to the 600 metres initially drill tested. Other veins on the balance of the property returned significant high-grade silver values, which have yet to be drill tested," said Warren McIntyre, president of Argentum.
HIGHLIGHTS OF THE TRENCHING PROGRAMS, WHERE VALUES EXCEEDED 90 G/T AG
Chip sample
Trench width Ag Au Zone
ID (m) (i) (g/t) (g/t)
El Tajo Z-56 1.4 120 0.38
El Tajo Z-58 1.2 190 0.10
E1 Tajo Z-59 0.7 199 0.12
E1 Tajo Z-112 0.6 170 0.08
La Valenciana Z-64 1.2 527 0.30
La Valenciana Z-65 4.5 97 0.13
La Valenciana Z-66 5.7 172 0.10
La Valenciana Z-70 2.2 132 0.28
La Valenciana Z-71 2.4 92 0.10
La Valenciana Z-89 0.8 141 0.12
La Colorada Z-4 3.0 262 0.02
La Colorada and 1.5 424 0.00
La Colorada Z-5 2.0 457 0.10
Florida Z-103 0.7 111 0.02
Florida Z-107 0.5 113 0.77
The trenching program was successful in exposing and extending all of the principal silver zones. The southern extension of the El Tajo zone was identified in 13 trenches over a strike length of 375 metres, and remains to be drill tested. These trenches displayed generally elevated silver results greater than 10 grams per tonne silver, including trenches Z-56 through 59, which contained better silver grade continuity along a 100-metre strike located at the end of the trend. This shows potential for a further extension to the south, with more trenching and sampling to be done prior to drill testing.
The presumed northern extension of the El Tajo zone was prospected selectively, with 16 trenches over a 600-metre strike length. Some veining was encountered where silver values range from 10 to 48 grams per tonne silver, but no significant mineralized widths were encountered. More trenching is required to follow up on the anomalous silver values returned to determine potential drill target areas. The principal La Valenciana zone was exposed by 13 trenches along a 350-metre strike length, and returned consistent silver values above 30 grams per tonne silver, including those highlighted in the table. A secondary subparallel vein in the La Valenciana zone was exposed by 20 trenches over a 600-metre strike length. This subparallel vein displayed consistent silver values above 10 grams per tonne silver. Argentum geologists believe surface assay values in the La Valenciana zone to be in the upper horizon of the silver mineralized system, and that better grades may be encountered at depth.
The La Colorada zone was prospected by 13 trenches along a 430-metre strike length and identified multiple quartz zones and mineralized zones. Trenches Z-4 and Z-5 represent 90-metre lateral continuity of good silver grades.
Finally, the southern extension of the Florida zone was exposed by seven trenches over a 300-metre strike length. All trenches returned values of greater than 30 grams per tonne silver, including Z-103 and Z-107 in the table.
An additional 31 trenches tested several peripheral and subparallel zones to those described above, with only limited success. The objective of the trenching program was to identify lateral extensions to known mineralized silver zones with good grades and widths in order to define future drill target areas. A total of 113 trenches were excavated and chip sampled principally on the El Tajo, La Valenciana, La Colorada, Bocancha and Florida Zones. Trenches were completed over a total 1,636 metres spaced roughly every 25 metres along strike over selective portions of zone projections. A full table of results is available on the company's website.
"Argentum plans on following up prospecting by trenching and drill testing newly identified zones and expansions of current zones," said Warren McIntyre, president of Argentum. "A total of seven zones and over seven kilometres of strike potential have been identified on surface. Only four zones have been drill tested, with the El Tajo vein being the main focus. The newly tested La Valenciana zone has shown early potential and requires further prospecting and drilling to confirm. The company has the opportunity to quickly grow the potential of the Coyote project."
Assaying of the chip samples from this program was completed by ALS Chemex through its office in Guadalajara, Mexico. Analytical procedures include a 33-element ICP-AES analysis (ME-ICP61m) and a 50-gram FA AA finish for gold (AA-24). Silver assays exceeding 100 grams per tonne are reassayed by HCL leach with an ICP-AES or AAS finish (OG62).
Paul Cowley, PGeo, the company's senior geological consultant and adviser, and a qualified person under National Instrument 43-101 designed and supervised the program, and reviewed and approved the contents of this press release.
About the Coyote silver project
The 1,053-hectare Coyote property contains dozens of individual intermediate sulphidation epithermal silver-gold veins and stockworking. Most of the mineralization occurs within seven defined zones within an area of approximately 1.5 by 2.6 kilometres. Vein widths typically range from one to over five metres. Surface exposures of stockworking have been mapped and sampled over widths exceeding 35 metres.
The Coyote project is located near the town of Chilacayote, within the state of Jalisco, Mexico. Road access and infrastructure are excellent. The property is approximately 150 kilometres southwest of the capital city of Guadalajara, roughly a 3-1/2 hour drive. Topography is generally gentle to moderate. A regional electrical power line crosses the property.
We seek Safe Harbor. |
