Miners hit high grades at Mexico assets

Mining and exploration companies reported high-grade drill results at Mexican assets in the past week.

TOP MEXICO DRILL RESULTS

LAS CHISPAS

SilverCrest Metals reported a record drill intercept at its Las Chispas project in Sonora state.

Hole BV20-60 hit 26kg/t silver and 635g/t gold over 1.3m at the Babi Vista vein.

Average grades in the latest inferred resource estimate, reported in February 2019, were 332g/t silver and 3.32g/t gold in 3.6Mt, with contained metal of 68.1Moz silver equivalent, and 1Mt at 711g/t silver and 6.98g/t gold in the indicated category, containing 39.8Moz silver equivalent.

CORDERO

Discovery Metals reported 2,007g/t silver equivalent over 1.9m at its Cordero project in Chihuahua state.

Results from the latest four drill holes of a 55,000m phase 1 program also included 1,073g/t silver equivalent over 1.3m.

Discovery aims to define a large, high-margin project at Cordero to leverage rising silver prices. The project hosts one of the world’s biggest undeveloped silver deposits, according to Discovery.

ARANZAZU

Aura Minerals intersected 34.3m of 8.61% copper, 4.88g/t gold and 127g/t silver at its Aranzazu mine in Zacatecas state.

The result was within a broader intercept of 50.0m of 6.46% copper, 3.68g/t gold and 95.2g/t silver.

Aura aims to increase proven and probable reserves at Aranzazu, while adding new inferred resources, it said in a release.

PANUCO

Vizsla Resources announced a new discovery from the San Carlos mine at its Panuco project in Sinaloa state.

The highlight was 1,245g/t silver equivalent over 1.5m, within 421g/t over 6.75m.

COLUMBA

Kootenay Silver announced results of four holes from a 7,000m drill program at the Columba project in Chihuahua state, including 1,025g/t silver over 1.0m, within 226g/t over 9.0m.