Agoracom Blog Home

Archive for the ‘Fabled Silver Gold’ Category

Fabled Silver Gold $FCO.ca $FBSGF Amends and Restates Copper Option Agreements and Acquires Additional Claims $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:18 AM on Thursday, April 8th, 2021
This image has an empty alt attribute; its file name is fabled-square.png

Fabled Silver Gold Corp. (“Fabled” or the “Company“) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce that it has entered into an amended and restated option agreement (the “Amended Agreement“) with respect to certain of the Company’s copper properties, being Neil Property and the Toro Property, located in the Liard Mining Division in northern British Columbia.

Pursuant to the Amended Agreement,Fabled also now has the right to acquire additional claims covering an additional 3,842 hectares located in the same mineral belt (together with the Neil Property and the Toro Property, the “Muskwa Property“) from High Range Exploration Ltd. (the “Optionor“).

Under the existing option agreements, the Company was required to pay to the Optionor $5,000,000 in cash or shares by August 17, 2021, and a further $5,000,000 in cash or shares by March 3, 2022 to acquire an additional 50% of Neil Property and Toro Property not already owned by Fabled. In addition, Fabled was required to pay an additional $200,000 per annum to the Vendor in advance royalty payments, and pay a 2% NSR on the commencement of commercial production. Prior to entering into the Amended Agreement, past and unpaid advance royalty payments of $750,000 were to become due on March 31, 2021. Such amounts are not due under the Amended Agreement.

Pursuant to the Amended Agreement, in consideration for the right to acquire the whole and expanded Muskwa Property Fabled has agreed pay to the Optionor, in cash:

(i) $200,000 on the closing date;

(ii) $500,000 on the date that is twelve months after the closing date;

(iii) $750,000 on the date that is twenty-four months after the closing date;

(iv) $1,000,000 on the date that is thirty-six months after the closing date; and

(v) $2,000,000 on the date that is forty-eight months after the closing date.

The Muskwa Property will be subject to a 2% NSR payable to the Optionor but no advance royalty payments will now be due.

The additional claims included in the Muskwa Property (which include the Bronson deposit and additional claims contiguous and to the north of the Neil Property and ChurchKey Property) increase the Company’s land package within the same mineral belt which is believed to be 6 miles wide and 40 miles long and that trends north 35 degrees west and contains the Davis-Keays Eagle Vein, the past-producing Churchill Copper Mine Magnum Vein, the Neil Vein, the Toro/Churchill, and Bronson deposits, each of which are now under option to Fabled.

Read Morehttps://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/758707-fabled-amends-and-restates-copper-option-agreements-and-acquires-additional-claims/messages/2311215#message

Fabled Silver Gold $FCO.ca $FBSGF Reports on Drill Holes SM20-07 – 11 $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 12:35 PM on Wednesday, March 31st, 2021
This image has an empty alt attribute; its file name is fabled-square.png

Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce updates of diamond drill holes SM20-07 – 11 from the on-going 8,000 meter drill program on the “Santa Maria” Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, “We are heading into areas never explored before, with new ideas to test our structure-on-structure theory over the Property. Hole SM20-07 intercepted two broad zones of northwest trending, never seen before, semi-massive marcasite, (pyrite) in hornfels, and to the east 225 meters, we tried to cross the major C1 regional north – south fault in the center of the Property.”

Hole SM20-07 was drilled at -50 degrees and 246.0 meters in length from same drill station as hole SM20-03 at an angle of 210 degree azimuth and designed to test the tail end of two northwest trending IP anomalies labeled IPSM-08. Northwest trending anomalies or structures have not been seen previously on the Property.

Drill results clearly demonstrate the cause of the two conductive zones, with a 19.90 meter intersection from 145.50 – 165.30 meters and a second 78 meter interval from 167 – 245 meters of greenish hornfels, (a metamorphic rock formed by the contact between a mudstone / shale (clay rich rock) and a hot igneous body, usually at shallow depths), with strong chlorite / sericite alteration with 25-30% marcasite, (white iron pyrite, FeS2). See Plan View of Drill Hole Locations below.

Drill hole SM20-08 was collared approximately 225 meters east of the drill station for holes SM20-4, 5, and 6. See drill plan below as designed to drill thru the interpreted main north – south structure at an oblique angle and hit the Santa Maria structure.

The hole was drilled with NQ size core, 1 7/8th inches at -50 degrees for a premature total depth of 64.18 meters where the hole was terminated by major faulting and could not be advanced further.

Drill hole SM20-08B was a re-entry into hole SM20-08 with larger PQ size drill core, 3.36 inches in diameter, to compensate for the massive broken structure, which allowed the hole to be drilled to a final depth of 234 meters and was successful in reaching its target. Currently all sampled drill core of interest is being tested. See Cross Section View below.

Drill hole SM20-09 was drilled with PQ size core from the collar, in anticipation of bad ground conditions, at -60 degrees for a targeted depth of -250 meters to hit the Santa Maria structure, as encountered in hole 8B and was terminated prematurely at 231 meters where not only did the hole collapse due to the fault but jammed the drill rods and a section of the drill string and bit was left in the hole.

Drill hole SM20-10 was designed to follow up on the hole SM20-8B targeted intercept but also to replace the loss of hole SM20-09.

HoleSM20-10 was drilled with PQ size core from the collar, in anticipation of bad ground conditions as seen previously, at -70 degrees for a targeted depth of -220 meters to hit the Santa Maria structure, as encountered in hole SM20-08B. The hole was successful in its objective and as such stopped at a total depth of 227.5 meters. Currently all sampled drill core of interest is being tested. See Cross Section View below.

Drill hole SM20-11 is located approximately 125 meters northeast of drill hole station 4 for holes SM20-08, 8B, 9, and 10. See Plan View of Drill Stations below.

The hole was drilled due west, 270 degrees, at -60 degrees targeting the intercept of the major north – south C1 regional structure at the right angle, 90 degree. The hole was successfully completed and drilled to a total depth of 258 meters.

New roads and drill pads have been completed and the drill is currently being moved to drill station 6 for hole SM20-12. See Plan View of Drill Stations below.

Peter Hawley continues, “We are systematically taking what was previously thought of as simple E-W high grade structure and re-evaluating, with numerous successes to date, in order to develop our new concept which is seen below in the “Plan View of Drill Station Locations over IP Anomalies”. Over the next few drill holes to test blue sky potential in the north of the Property should add to the new data base as we start to dial in the focus of the remaining drill program. With the Company well funded we will continue to explore all targets as they present themselves.”

Read More: https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/758317-fabled-reports-on-drill-holes-sm20-07-11/messages/2310474#message

AGORACOM Small Cap 60: Fabled Silver Gold’s Big Picture $FCO.ca $FBSGF $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 2:48 AM on Tuesday, March 30th, 2021
This image has an empty alt attribute; its file name is fabled-square.png

Fabled Silver Gold $FCO.ca $FBSGF Announces Commencement of Trading on the OTCQB $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:15 AM on Tuesday, March 23rd, 2021
This image has an empty alt attribute; its file name is fabled-square.png
  • Graduated from the OTC Pink Sheets (“OTCPK”)
  • Commenced trading on the OTCQB Venture Marketplace under the symbol “FBSGF”.

Fabled Silver Gold Corp. (TSXV: FCO) (OTCQB: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce that effective March 22, 2021, it has graduated from the OTC Pink Sheets (“OTCPK”) and commenced trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “FBSGF”.

Peter Hawley, CEO and President, commented, “Trading on the OTCQB will make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our Parral, Chihuahua, Mexico project, to this new group of investors.”

The Santa Maria project is located in the mining friendly jurisdiction of Parral, Mexico; situated in the centre of the Mexican epithermal silver-gold belt, which has produced more silver than any other area in the world.

The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.

Read More:https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/757863-fabled-announces-commencement-of-trading-on-the-otcqb/messages/2309365#message

Fabled $FCO.ca $FBSGF Intercepts Six Silver Bearing Structures Including 5 New Mineralized North – South Structures Identified $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:43 AM on Monday, March 22nd, 2021
This image has an empty alt attribute; its file name is fabled-square.png
  • Five silver bearing north – south structures were intercepted
  • North – South structures are mineralized
  • East – West Santa Maria structure returned 14.7 meters grading 44.92 g/t Ag Eq

Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce assay results of diamond drill hole 6 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, “This completes the results of the fence of drill holes 4,5 and 6 which are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.

“Hole SM20-06 was drilled at -50 degrees and 232.0 meters in length and designed to test the various structures in the brittle oxide zone.

“Drill results demonstrate, while we are traversing eastwards the edge of a broad secondary north – south structure trend is starting to be encountered with intermittent silver mineralization within the structural fabric. As shown below in Table 1, five silver bearing north – south structures were intercepted before intersecting the targeted East – West Santa Maria structure which intersected 14.7 meters grading 44.92 g/t Ag Eq at -150 meters.

“Drill hole SM20-04 which was drilled at -60 below hole SM20-06 intercepted a north – south trending fault which displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.

“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displaced Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.

“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized.

“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.

“The two fences of drill holes 125 meters apart completes this drill section and adds new structural details to the interpretation on the newly interpreted East – West Santa Maria structure which is clearly defined from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.

“We expect to see the effect of the North – South structural fabric to become more intense as we move to the next fence of holes a further 200 meters to the east and expected to be in the middle of what is interpreted to be the center of the broad North – South structure intersecting the Santa Maria Structure. If this is the case this will set the stage for further investigation of this area.”

Read More: https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/757792-fabled-ddh-sm20-06-intercepts-six-silver-bearing-structures-including-5-new-mineralized-north-south-structures-identified/messages/2309219#message

VIDEO – Fabled $FCO.ca $FBSGF Seeks to Increase 43-101 Resource with Continued Success through Drilling in Mexico $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-JC at 5:02 PM on Thursday, March 11th, 2021

Fabled Silver Gold controls 100% of the Santa Maria Gold and Silver property in Mexico. It is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.

Santa Maria, surprisingly, has never been systematically explored with modern methods, until now. FCO is 2000 meters into their first drill program of a planned 8000 meters to support updating the 43-101,and have recently reported on drill holes 4 and 5 from the Santa Maria Property in Parral, Mexico.

The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators in the vicinity, including three toll mills are within a 20 km distance.

Watch this great interview with CEO Peter Hawley as he explains how these results support increasing the resource, as well as identifying new structures that support finding new discoveries.

Fabled $FCO.ca Reports Intersection of New Mineralized North – South Structures $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:17 AM on Tuesday, March 9th, 2021
  • On-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico
  • SM20-05 intersected three additional north – south trending mineralized structures
  • North – South trending fault has displaced the Santa Maria Structure slightly to the south
  • Next fence of holes a further 200 meters to the East

Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce diamond drill holes 4 and 5 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, “The fence of drill holes 4,5 and 6 are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.

“As expected, as we traverse eastwards the edge of a secondary north – south structure trend is starting to be encountered. Hole SM20-04 drilled at -60 degrees intersected 12.5 meters grading 22.37 g/t Ag Eq at -200 meters vertically in a north – south trending fault which has displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.

“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displace Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.

“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized. We expect to see this become more pervasive in the next fence of holes a further 200 meters to the east and to be in the middle of what is interpreted to be the center of the North – South structure intersecting the Santa Maria.

“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned 1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.

“These drill holes plus the results from hole SM20-06, to be announced, adds to the drill sections and interpretation on the newly interpreted Santa Maria structure and clearly defines the structure from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.”

Peter Hawley continues, “The data being obtained from this fence of drill holes with the mineralized north – south structures now evident should not only help target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drilling as we expand outwards from the present resource. We now have two mineralized plumbing systems starting to intersect which bodes well for the future drilling.”

Read More: https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/756874-fabled-reports-intersection-of-new-mineralized-north-south-structures/messages/2307184#message

Fabled $FCO.ca Drills 12.50 Meters of 85.30 g/t Ag and 0.49 g/t Au with 1.80 Meters Grading 214.00 g/t Ag and 1.08 g/t Au at Santa Maria $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 9:27 AM on Wednesday, February 24th, 2021
  • Results for 3rd diamond drill hole from on-going 8,000 meter drill program
  • Santa Maria structure identified from surface to -350 meters vertically
  • 12.50 Meters of 85.30 g/t Ag and 0.49 g/t Au
  • Results support the expansion of Santa Maria and increasing the present NI 43-101 resources

Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”)  is pleased to announce the third diamond drill hole from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, “The recent drill hole concludes the first ever complete drill section on the newly interpreted Santa Maria structure and clearly defines the structure from surface to -350 meters vertically, which is the deepest hole ever drilled on the property. The 12.50 meter intersection has clearly defined a footwall and hanging wall structure with corresponding elevated silver values up to over 7 ounces of silver and remains open at depth. More importantly, the structure is very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 3 drill holes drilled to date.”

Peter Hawley continues, “The data being obtained from this fence of drill holes will not only target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drilling as we expand outwards from the present resource.”

Table 1: Drill Hole Intercepts

Hole NoFrom (meters)To
(meters)
Width (meters)Au g/tAg g/t
SM20-003349.50362.0012.500.4985.30
Including349.50351.802.300.20123.10
Including357.40362.004.600.81128.49
 357.40359.201.801.08214.00
 361.30362.000.701.52230.00

Drill holes SM20-01, SM20-02 and SM20-03 are drilled on the same section with holes 02 and 03 targeting the sulphide intercept of the Santa Maria vein and structure.

Drill hole SM20-02 was drilled at an angle of -65 degrees for a total hole depth of 232 meters. Drill hole SM20-03 was stationed 75 meters behind the drill station for holes 01-02 and drilled at an angle of -75 degrees for a total depth of 375 meters.

The Company has completed drill holes SM20-01 – 07 for a total of 1,895 meters. Holes SM20-04 – 06 have been sampled and submitted to ALS Chihuahua Laboratory for analysis. Hole SM 20-08 is in progress.

Read More: https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/755967-fabled-drills-12-50-meters-of-85-30-g-t-ag-and-0-49-g-t-au-with-1-80-meters-grading-214-00-g-t-ag-and-1-08-g-t-au-at-santa-maria/messages/2305113#message

Fabled Silver Gold $FCO.ca to Participate in OTC Markets Virtual Investor Conference on February 17th $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 10:50 AM on Thursday, February 11th, 2021
  • Peter Hawley, President, CEO & Director will present live at VirtualInvestorConferences.com on February 17th, 2021.
  • Fabled invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO; FSE:7NQ) announces that Peter Hawley, President, CEO & Director will present live at VirtualInvestorConferences.com on February 17th, 2021.

DATE: February 17, 2021 
TIME: 11:30am ET 
LINK: https://bit.ly/3cd9PaB

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Company Highlights

  • Fabled’s high-grade, silver-gold Santa Maria project is located in the mining friendly jurisdiction of Parral, Chihuahua, Mexico, in the centre of the Mexican epithermal silver-gold belt, which has produced more silver than any other area in the world.
  • The Company has completed the first ever ground geophysical survey on the project and is currently conducting an 8,000 meter drill program.
  • Initial diamond drill results have been released including, 68.6 meters of continuous silver mineralization.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that yield near-term metal production. The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico. The Company’s mandate is to focus on acquiring precious metal properties in Mexico with blue-sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria project, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world

VIDEO – Fabled #Silver #Gold $FCO.ca Measuring by the Kilogram at Santa Maria Project, Drilling 10 Ounces of Silver over 6 Meters $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-JC at 5:49 PM on Thursday, February 4th, 2021

Fabled controls 100% of the Santa Maria Gold and Silver property in Mexico, a high grade underground mine with a rich history of mining, but with very little modern exploration or drilling.

President & CEO Peter Hawley discusses the second hole at Santa Maria that is returning really high grade silver. Fabled is in the midst of an 8000 meter drill program and is batting 100% with the most recent return of 10 ounces of silver over 6 meters.

The next hole will be the deepest ever on the property.

Take a seat, sit back and discover why Fabled Silver Gold is the next SmallCap #Silver company to own.