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2022-02-03 02:50
01:49 PM EST, 02/02/2022 (MT Newswires) -- Fabled Silver Gold Corp. (FCO.V) has surged 35.7% after it announced the final results of Phase 1 surface diamond drilling from the 4,400 -meter drill program on the "Santa Maria" Property in Parral, Mexico.
Highlights:
Hole SM20-50 was successful not only in infill drilling of a drill poor area, but also following the vertical down plunge of the Santa Maria structure by -160 meters from hole SM20-47 and vectoring in on earlier results from holes SM20-48 and 49.
The new up hole hydrothermal breccia that was intercepted shows that the structure has increased or opened up to 5.10 meters grading 131.49 g/t Ag Eq and contains a higher-grade component of 321.39 g/t Ag Eq with 0.51 g/t Au over 1.25 meters. This new silver - gold mineralized hydrothermal breccia not only remains open in all directions but will add new mineralized ounces to the various systems we have discovered during this first phase of drilling.
In addition to the new breccia, the strong gold bearing domain intercept of the main footwall of the Santa Maria hydrothermal breccia, where the entire 21.90 meters reported 5.29 g/t Au within 349.21 g/t Ag Eq, and the exceptional higher-grade component of 86.10 g/t gold within 4,821.98 g/t Ag Eq not only add quality gold and silver ounces to the resource build out but remain open at strike and depth.
Price: 0.10, Change: +0.02, Percent Change: +35.71