- 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 No | From (meters) | To (meters) | Width (meters) | Au g/t | Ag g/t |
SM20-003 | 349.50 | 362.00 | 12.50 | 0.49 | 85.30 |
Including | 349.50 | 351.80 | 2.30 | 0.20 | 123.10 |
Including | 357.40 | 362.00 | 4.60 | 0.81 | 128.49 |
357.40 | 359.20 | 1.80 | 1.08 | 214.00 | |
361.30 | 362.00 | 0.70 | 1.52 | 230.00 |
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.
Tags: Discovery, Drilling, Epithermal, gold, Mexico, Peter Hawley, silver