Agoracom Blog

Video: Fabled Silver Gold $FCO $FBSGF Targeting 6 Potential Discoveries with 2022 Exploration Plans

Posted by AGORACOM-Eric at 9:29 AM on Tuesday, May 17th, 2022

Fabled Silver Gold controls 100% of the Santa Maria Gold & Silver property, Mexico. A high-grade, underground silver-gold mine 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 for over 500 years.

Located in the mining friendly jurisdiction of Parral that has produced over 250M oz silver, there are multiple major operators in the vicinity. Grupo Mexico borders Fabeled Property.

Santa Maria is a deposit that holds a Silver Equivalent 43-101 of 3.2million ounces Indicated and 1.1m inferred and may be on the verge of demonstrating that there is a whole lot more mineral endowment than previously thought.

Over the last year Fabled has conducted 2 types of Drill Programs (above & underground ) targeting previously untested areas believed to contain further mineralization that will add new ounces to the current 43-101. Both programs demonstrated high degrees of success with the above ground program defining a new high grade gold system within an area of previously unknown mineralization that increases the deeper they drilled. The Underground program successfully defined the locations of the various types of mineralized intrusive dikes and related breccia’s in addition to expanding the high grade portion of the Santa Maria Footwall and Hanging wall structures.

Collectively the 2 programs have vastly improved Fabled’s understanding of the entire mineralized system and how to target ounces. As well, the success of multiple programs has created a better understanding of where to look for future ore bodies. New discoveries were made from low sulphidization epithermal type; to hydrothermal type, to super gene enrichment and massive sulphide feeders, displaying evidence that there were multi pulses of mineralized material in various structures helping to create mineralization on the property.

Now Fabled is preparing to embark on a 2022 drill program armed with all of this previous exploration information, preparing to make new discoveries on a already heavy mineralized property. The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and surface mapping and sampling resulted in over 6,900 samples collected and analyzed. This massive input of data has identified new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of the exploration efforts over the past year were focused.

Now Fabled is armed with 6 new mineral trends that have been observed represent potential targets with drilling scheduled to begin mid June 2022.

Peter Hawley, President & CEO sits down to discuss the potential the 2022 exploration program has to offer for increasing the known mineralization as well as possibly making new discoveries. Sit back and enjoy as Peter walks us through what to expect from this Phase 2 Program.

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