Zacatecas Silver Finds High-Grade Silver in Waste Dumps at El Cristo
Event summary
- Zacatecas Silver reported assay results from 124 rock-chip grab samples taken from waste dumps around 11 shallow historical shafts at El Cristo, with 29 samples assaying above 100 g/t silver equivalent (Ag Eq) and a peak assay of 670 g/t Ag Eq.
- The samples were collected from waste dumps surrounding eight shallow historical shafts from multiple veins along approximately 1.2 km of strike.
- The peak gold assay was 2.41 g/t, peak silver assay was 659 g/t, peak copper assay was 0.058%, multiple lead assays above 1% (lead not assayed for over-range), and peak zinc assay was 4.97%.
- The company plans to commence drilling over the weekend, with initial drill pads already completed.
The big picture
Zacatecas Silver's high-grade assay results from waste dumps at El Cristo highlight the potential for significant silver and base metal mineralization. The results are particularly notable given that the material was historically considered low grade by prior operators. The company's strategic focus on the Fresnillo silver belt, a highly prospective region, positions it well to capitalize on these findings. The upcoming drill program will be critical in assessing the depth and extent of the mineralization.
What we're watching
- Drill Results
- How the upcoming drill results will validate the high-grade potential indicated by the rock-chip sampling.
- Resource Expansion
- Whether the company can expand the mineralized zones along the 1.5 km strike length.
- Market Reaction
- The pace at which the market will react to the high-grade assay results and potential resource growth.
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