we have over $80 million of cash to drive value through aggressive exploration, resource growth and future development.
EXPLORATION HIGHLIGHTS:
In June 2020 we initiated the restart of drilling activity at Cordero following the temporary shutdown of operations in March 2020 due to increased health and safety risks relating to COVID-19. We have put in place strict health and safety protocols, including mandatory testing of all onsite workers, to minimise health risks to our employees, consultants, contractors and communities. In mid-August, after expanding our camp facilities, we increased our drilling activities and we are now operating at pre-COVID 19 levels with four diamond drill rigs.
Shortly following the restart of drilling, and based on the excellent exploration results we have achieved to date, we made the decision to expand our Phase 1 drill program by 20,000 metres (“m”) to 50,000 to 55,000 m. To date we have completed 63 holes totaling approximately 23,500 m. We anticipate completing the expanded Phase 1 drill program by the end of Q1 2021.
At our bulk-tonnage targets we have thus far demonstrated excellent near-surface higher-grade potential at the Project over a strike length of approximately 1,250m. We also continued to advance high-grade sulphide veins as a separate exploration target - identifying and isolating multiple sulphide vein or sulphide related intercepts that returned kilogram per tonne silver equivalent intercepts. Drill highlights at Cordero during Q2 2020 and subsequent to quarter end from both these targets include:
Bulk-tonnage targets
62.8 m averaging 217 grams per tonne (“g/t”) silver-equivalent (“AgEq”)1 in hole C20-316 from 222.3 m (79 g/t silver (“Ag”), 0.58 g/t gold (“Au”), 1.2% lead (“Pb” and 1.2% zinc (“Zn”))
168.8 m averaging 207 g/t AgEq1 in hole C20-319 from 140.0 m (70 g/t Ag, 0.10 g/t Au, 1.5% Pb and 1.9% Zn)
51.9 m averaging 197 g/t AgEq1 in hole C20-328 from 79.2 m (69 g/t Ag, 0.13 g/t Au, 1.1% Pb and 1.0% Zn)
120.4 m averaging 114 g/t AgEq1 in hole C20-333 from 206.8 m (30 g/t Ag, 0.11 g/t Au, 0.4% lead Pb and 1.5% Zn)
High-grade vein targets
Todos Santos Vein
1.4 m averaging 1,907 g/t AgEq1 in hole C20-342 from 147.0 m (700 g/t Ag, 0.74 g/t Au, 16.1% Pb and 14.0% Zn)
1.9 m averaging 2,007 g/t AgEq1 in hole C20-344 from 171.1 m (1,035 g/t Ag, 0.06 g/t Au, 20.0% Pb and 6.4% Zn)
0.5 m averaging 1,293 g/t AgEq1 in hole C20-347 from 125.7 m (629 g/t Ag, 0.33 g/t Au, 13.0% Pb and 4.4% Zn)
Parcionera Vein
1.3 m averaging 2,777 g/t AgEq1 in hole C20-328 from 105.9 m (1,060 g/t Ag, 0.50 g/t Au, 15.9% Pb and 26.9% Zn)
1.5 m averaging 1,119 g/t AgEq1 in hole C20-338 from 149.8 m (489 g/t Ag, 0.82 g/t Au, 2.9% Pb and 11.1% Zn)
1.3 m averaging 1,073 g/t AgEq1 in hole C20-340 from 69.6 m (587 g/t Ag, 0.67 g/t Au, 9.4% Pb and 2.4% Zn)
South Corridor/Josefina Vein
1.3 m averaging 1,007 g/t AgEq1 in hole C19-307 from 202.7 m (516 g/t Ag, 0.05 g/t Au, 5.7% Pb and 6.9% Zn)
1.2 m averaging 1,436 g/t AgEq1 in hole C20-310 from 51.1 m (904 g/t Ag, 0.08 g/t Au, 5.4% Pb and 8.1% Zn)
2.0 m averaging 966 g/t AgEq1 in hole C20-345 from 66.0 m (846 g/t Ag, 0.33 g/t Au, 2.6% Pb and 0.1% Zn)
Refer to press releases dated April 7, May 7, June 18, July 20, and August 19, 2020 for further details.
Zurück
Werbung
