공지 • Mar 19
Prime Mining Corp. Extends Bonanza Grade Gold-Silver Mineralization 150 Metres Below Previous Drilling in Estaca Vein
Prime Mining Corp. announced initial results from its 15,000 m Phase 1 diamond drilling program at the Los Reyes project in Sinaloa State, Mexico. Results have been received from drill hole 21GE-01 at Guadalupe East and surface sampling at Mina 20/21 has discovered new high-grade mineralization 1.3 km northeast of Guadalupe East in an area of unrecorded historic mining. The Estaca Vein: The Estaca vein is one of two principal veins mined at Guadalupe East and remains largely untested by drilling. Historic drill campaigns established limited understanding of the true orientation of the vein. Only three of more than a dozen drill holes intersected the bonanza-style mineralization previously mined at Guadalupe. Current 3D modelling and re-interpretation of these drill intersections indicates a steep southwest dipping vein geometry explaining why previous efforts failed to intersect the structure. This interpretation also indicates that the true width of the vein intercept in 21GE-01 is approximately 30-40% of the reported drill hole intercept. Mineralization is typical of low sulphidation epithermal zones, comprising massive to drusy, colliform to crustified adularia bearing quartz and quartz breccias. Follow up drilling is now targeting the main structure which is open at depth and along strike. The structure will also be targeted up dip and along strike in several areas where significant gaps remain between historic development. Recognition of the controlling structure and the significant height of the boiling zone containing bonanza grades provides opportunity for new, high-grade underground resource areas. The San Nicolas Vein: Hole 21GE-01 also intersected the San Nicolas vein near surface and 80 m from the closest historic drilling. This intercept is located just below the eastern limit of the current pit-constrained Guadalupe East deposit resource. Two shallow historic drill holes (located 80 m northwest) within the current Guadalupe East resource also carried similar grades and are the only two known drill holes to have intersected the San Nicolas vein. Further drilling in this area below the current pit has the potential to increase the open pit resource of the Guadalupe East deposit. The San Nicolas vein is steeply dipping, open along strike and down dip and demonstrates gold-silver grades with underground resource potential. The vein may have been sampled in late 2020 where GE-Adit 17 returned 46 m at 2.20 gpt Au and 95.0 gpt Ag, including 2 m at 29.0 gpt Au and 226.0 gpt Ag. The zone at GE-Adit 17 is 235 m east of the San Nicolas intersection in hole 21GE-01. Mapping and Prospecting Finds New Bonanza Grade Structures: Field work over the last three months has rediscovered several historic adits containing several gold-silver mineralized structures located 1.3 km northeast of the Guadalupe East deposit. These adits are believed to have been mined in the early 1900s and are not recorded on any “modern” exploration maps. One area, referred to as Mina 20/21, 1.3 km northeast of Guadalupe East, and 500 m from the original Los Reyes eastern property boundary, has evidence of historic small-scale mining and gold-silver extraction. Surface and underground sampling in Mina 20/21 returned 42 chip sample assay results ranging 0.015gpt to 29.8 gpt Au and 0.5 gpt to 1,132 gpt Ag with the best chip assay returning 2.3 m at 29.8 gpt Au and 1,132 gpt Ag. Los Reyes Exploration Program Update: To date, Prime has completed 16 diamond drill holes totalling 3,886 m, representing 26% of the planned 15,000 m Phase 1 program. Of these, 9 were drilled in Zapote, 4 in Noche Buena, 2 at Guadalupe and one in San Miguel East. Assay results are pending. A 1,060 line km airborne electromagnetic survey, followed by a Lidar survey, was completed on Los Reyes in the first two weeks of March. Relogging of all historic core holes continues with 58 of 89 holes being complete. QA/QC Protocols and Sampling Procedures: Drill core at the Los Reyes project is drilled in predominately HQ size (63.5 mm), reducing to NQ or BQ size ranges (47.6 mm and 36.5 mm respectively) when required. Drill core samples are generally 1.50 m long along the core axis with allowance for shorter or longer intervals if required to suit geological constraints. Each entire hole is submitted for assay. Sample QAQC measures of unmarked certified reference materials (CRMs), blanks, and field duplicates as well as preparation duplicates are inserted into the sample sequence and make up ~8% of the samples submitted to the lab for each drill hole. Samples are picked up from the project by Bureau Veritas and transported to their laboratory in Durango, Mexico, for sample preparation. Sample analyses is carried out by Bureau Veritas, with fire assay, including over limits fire assay reanalysis, completed at their Hermosillo, Mexico, laboratory and multi-element analysis in North Vancouver, British Columbia, Canada. Drill core sample preparation includes fine crushing of the sample to at least 70% passing less than 2 mm, sample splitting using a riffle splitter, and pulverizing a 250 g split to at least 85% passing 75 microns (code PRP70-250). Gold in diamond drill core is analyzed by fire assay and atomic absorption spectroscopy (AAS) of a 30 g sample (code FA430). Multi-element chemistry is analyzed by 4-Acid digestion of a 0.25 g sample split (code MA300) with detection by inductively coupled plasma emission spectrometer (ICP-ES) for 35 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd, Co, Cr, Cu, Fe, K, La, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, S, Sb, Sc, Sn, Sr, Th, Ti, U, V, W, Y, Zn, Zr). Gold assay technique FA430 has an upper detection limit of 10 ppm. Any sample that produces an over-limit gold value via the FA430 technique is sent for gravimetric finish via method FA-530. Silver analysis by MA300 has an upper limit of 200 ppm. Sample with over limit silver are reanalyzed by fire assay with gravimetric finish (FA530). Bureau Veritas is an ISO/IEC accredited laboratory. Drill core assay results range from below detection to 11.7 gpt gold and 953.0 gpt silver. Composite intervals use a cut-off grade of 0.2 gpt gold.