Argentum Extends the El Tajo Zone 375 Metres; New Valenciana Zone Returns Grades 1.2 m of 527 g/t Ag
September 26 2013 - 9:00AM
Marketwired Canada
Argentum Silver Corp. (TSX VENTURE:ASL) has received assay results from a recent
trenching program on its 100% owned Coyote property in Jalisco, Mexico. Surface
trenching has extended the main El Tajo vein for an additional 375 meters 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 2 new zones on the La
Valenciana vein, one over 350 metres in strikelength and a second over 600
metres in strikelength.
"The trenching results from the El Tajo vein added an additional 375 metres of
strikelength 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." says, Warren McIntyre, President of Argentum.
Highlights of the trenching programs, where values exceeded 90 g/t Ag, were
returned as follows;
---------------------------------------------------------------
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
---------------------------------------------------------------
EL TAJO Z-59 0.7 199 0.12
---------------------------------------------------------------
EL 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
---------------------------------------------------------------
(i) True widths are estimated to be greater than 95% of chip sample widths
The trenching program was successful in exposing and extending all of the
principal silver zones. Sample location maps are available here.
The southern extension of the El Tajo Zone was identified in 13 trenches over a
strikelength of 375 metres, and remains to be drill tested. These trenches
displayed generally elevated silver resultsgreater than 10 g/t Ag, including
Trenches Z-56 through 59 (tabled above), 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 strikelength. Some veining was encountered
where silver values range from 10 to 48 g/t Ag, 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
strikelength, and returned consistent silver values above 30 g/t Ag, including
those highlighted in the table above. A secondary sub-parallel vein in the La
Valenciana Zone was exposed by 20 trenches over a 600 metre strikelength. This
sub-parallel vein displayed consistent silver values above 10 g/t Ag. 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
strikelength 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 7 trenches
over a 300 metre strikelength. All trenches returned values of greater than 30
g/t Ag, including Z-103 and Z-107 tabled above.
An additional 31 trenches tested several peripheral and sub-parallel 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 meters 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 their office in Guadalajara, Mexico. Analytical procedures include a 33
element ICP-AES analysis (ME-ICP61m) and a 50 g FA AA finish for gold (AA-24).
Silver assays exceeding 100 g/t are re-assayed by HCL leach with an ICP-AES or
AAS finish (OG62). Paul Cowley, P. Geo., and the Company's Senior Geological
Consultant and Advisor, and a Qualified Person under NI 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
sulfidation epithermal silver-gold veins and stockworking. Most of the
mineralization occurs within seven defined zones within an area of approximately
1.5 x 2.6 kilometres. Vein widths typically range from 1.0 to over 5.0 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.
About Argentum Silver
Argentum holds 100% interest in the Coyote and Victoria properties located in
Jalisco, Mexico, and the Lachiguiri and Silacayoapan properties located in
Oaxaca, Mexico. For further information, please go to
www.argentumsilvercorp.com.
On behalf of the Board of Directors of Argentum Silver Corp.
Warren McIntyre, President and Chief Executive Officer
Argentum Silver Corp.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.
This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Argentum relies upon litigation protection for forward-looking
statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Argentum Silver Corp.
Warren McIntyre
President and Chief Executive Officer
778.383.1828
warren@argentumsilvercorp.com
Argentum Silver (TSXV:ASL)
Historical Stock Chart
From Apr 2024 to May 2024
Argentum Silver (TSXV:ASL)
Historical Stock Chart
From May 2023 to May 2024
