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St-Georges $SX $SXOOF Receives a Letter of Intent & Feasibility Study Partnership Proposal from Regional Industrial Development Agency $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM at 8:51 AM on Wednesday, February 17th, 2021
  • Received formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant to start EV battery recycling operations in 2021
  • Initiative to recover and recycle key materials from EV batteries in an ecologically sound manner

St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) has received a formal offer to enter into a partnership to complete a feasibility study on a proposed site and plant in Baie-Comeau, Québec, where the company could start its EV battery recycling operations in 2021.

The Letter of Intent received on February 16, 2021, from Innovation & Dévelopment Manicouagan underlines the local community’s support for the installing of St-George’s first battery plant. St-Georges has identified a specific site for the recycling battery plant, which is already permitted for similar types of operations. Innovation & Dévelopment Manicouagan proposes defining the parameters of the study to encompass all the financial, strategic, technical, and environmental aspects of the project. The partners expect to initiate work on the study by mid-March. Furthermore, they will assist the company in all of its negotiations and permitting process with the provincial and local governments.

Paul Pelosi Jr., President of St-Georges wholly owned EV battery recycling subsidiary, EVSX Corp, commented: “ Innovation & Dévelopment Manicouagan’s intent to partner with St-Georges to complete this feasibility study, validates our initiative to recover and recycle key materials from EV batteries in an ecologically sound manner. The team at St-Georges has done an outstanding job of pulling everything together expeditiously … we are purposefully setting a fast pace, now and in the future, for the development of our battery recycling technology.”

Read More:https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755497-st-georges-receives-a-letter-of-intent-feasibility-study-partnership-proposal-from-regional-industrial-development-agency/messages/2304005#message

ThreeD Capital Inc. $IDK.ca $IDKFF Makes $300,000 Investment Into Carl Data Solutions Inc. $CRL.ca $IP.ca $IPNFF $PKK.ca $PKKFF $MTRX $RACMF

Posted by AGORACOM-JC at 10:42 AM on Friday, February 12th, 2021
IDK-square-for-blog
  • Announced a $300,000 investment in Carl Data Solutions Inc. (CSE: CRL) (OTCQB: CDTAF), an Industrial IoT (IIoT) and Big Data as a Service (BDaaS) company that provides next generation collection, storage, and analytics solutions for data-centric organizations
  • Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated, “We are very impressed with the technology that Carl has developed that offers real world insights across industries in terms of capturing and analyzing meaningful data and providing predictive analytics, which organizations and cities can act upon. This has tremendous implication for the environment, cost-savings, and organizational and governmental efficiencies.

TORONTO, Feb. 12, 2021- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce a $300,000 investment in Carl Data Solutions Inc. (“Carl”) (CSE: CRL) (OTCQB: CDTAF), an Industrial IoT (IIoT) and Big Data as a Service (BDaaS) company that provides next generation collection, storage, and analytics solutions for data-centric organizations.

The Company has acquired 2,000,000 units (the “Units”) at a price of $0.15 per Unit for aggregate proceeds of $300,000. Each Unit consists of one (1) common share of Carl (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), exercisable at a price of $0.25 per Warrant. The Warrants will expire two (2) years from the date of issuance.

Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated, “We are very impressed with the technology that Carl has developed that offers real world insights across industries in terms of capturing and analyzing meaningful data and providing predictive analytics, which organizations and cities can act upon. This has tremendous implication for the environment, cost-savings, and organizational and governmental efficiencies.

Carl Data Solutions provides tools to model and predict the impact of environmental events. Using Carl’s cloud based core IT platform, Software as a Service (SaaS) applications, purpose built hardware arrays and custom data collection networks, Carl delivers end to end solutions for Industry and Government. Carl Data Solutions has invested millions of dollars into creating a technology that revolutionizes the way industries extract value from their data. Carl’s technology is now widely deployed by both Industry and Government to automate and organize data collection, storage and analysis. The demand for smart scalable solutions is growing rapidly with the explosion of new data from IoT devices. Carl is succeeding at answering the call for new ways to access and make sense of enormous amounts of data through Carl’s unique and disruptive technology.

Read More: https://agoracom.com/ir/threedcapital/forums/discussion/topics/755251-threed-capital-inc-makes-300-000-investment-into-carl-data-solutions-inc/messages/2303421#message

St-Georges $SX $SXOOF Inks Definitive Agreement with Altair $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM at 9:21 AM on Friday, February 12th, 2021
  • License and Royalty Agreement for Altair to license St-Georges Metallurgy’s patent-pending extraction methods
  • Altair exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology.

St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to announce that St-Georges Eco-Mining Corp., St-Georges Metallurgy Corp., and Altair International Corp. have entered into a License and Royalty Agreement dated February 11, 2021, for Altair to license St-Georges Metallurgy’s patent-pending extraction methods and technology in separation, recovery, and purification of lithium and to act as an agent of St-Georges’ developing technology in battery recycling.

Pursuant to the License and Royalty Agreement, St-Georges Metallurgy Corp. will grant Altair a non-exclusive license to use the Lithium Extraction Technology for any of Altair’s lithium-bearing prospects in the United States. In exchange for the license, Altair has agreed to grant SX a 5% net revenue royalty on all metals and minerals extracted and processed using any of St. Georges methods or technologies.  This royalty will apply to all  current and future properties in the United States in which Altair has claims. 

In addition, SX will provide Altair with full access to the EV Battery Recycling Technology for the purpose of Altair acting as exclusive master agent to promote the licensing and deployment of the EV Battery Recycling Technology. Altair has the right to appoint sub-agents, each of which will enter into an agency agreement with SX and Altair. In exchange for acting as master agent, SX has agreed to grant Altair a 1% trailer fee on any royalty received by SX from the licensing of the EV Battery Recycling Technology to licensees brought by Altair or its sub-agents. SX has also agreed that it will not solicit any third party with which Altair has initiated discussions to license the EV Battery Recycling Technology or act as a sub-agent for a period of three years from the date that such party initially entered discussions with Altair. Pursuant to the License and Royalty Agreement, SX and SXM retain all ownership rights to the EV Battery Technology and the Lithium Extraction Technology, respectively. In addition, SX retains the right to market, promote, license, and sell the EV Battery Recycling Technology to third parties. The License and Royalty Agreement may be terminated by mutual written consent of the parties. This agreement replaces the parties’ previous agreement, and no additional payments or additional share issuance is to be expected.

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755243-st-georges-inks-definitive-agreement-with-altair/messages/2303402#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 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

St-Georges Eco-Mining $SX.ca $SXOOF Announces $10 Million Financing $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM at 4:18 PM on Wednesday, February 10th, 2021

St-Georges Eco-Mining Corp. (CSE:SX)(OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN)is pleased to announce a non-brokered private placement offering of units at a price of $0.50 and “flow-through” units at a price of $0.60 as well for total gross proceeds of up to $10,000,000.

Each Unit is comprised of one (1) common share (each, a “Share”) in the capital of the Corporation and one (1) Share purchase warrant (each, a “Unit Warrant”), entitling the holder to purchase one (1) Share at an exercise price of $0.65 until first 18 months from the issuance and $1.05 for the 18 months thereafter, together 36 months expiry period (the “Unit Warrant Expiry Date”).

Each FT Unit is comprised of one (1) common share in the capital of the Company on a “flow-through” basis (each, a “FTShare”) and one (1) FT Share purchase warrant (each, a “FT Warrant”). Each FT Warrant entitles the holder thereof to purchase one (1) Share at an exercise price of $0.75 until first 18 months from the issue and $1.25 for the 18 months thereafter, together 36 months expiry period (the “FT Warrant Expiry Date”, together with the Unite Warrant Expiry Date, the “Warrant Expiry Date”).

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/755116-st-georges-eco-mining-announces-10-million-financing/messages/2303113#message

Agoracom Welcomes Chilean Metals Inc. $CMX.ca $CMETF Leading the Charge of The #Battery Metal Revolution $FCC.ca $CCW.ca $FPX.ca

Posted by AGORACOM at 8:47 AM on Wednesday, February 10th, 2021

Why Chilean Metals Inc?

CMX:TSXV

 Chilean Metals Highlights:

  • Q1: Drill results begin on 3 projects over next 3-4 Q’s 
  • Recent acquisitions predominantly share based transactions 
  • Agreement for up to 80% of the NISK property, Chibougamau Quebec
    • High-grade nickel copper resource at Nisk targets batteries for the EV industry 
  • Golden Ivan Project Acquisition
    • 3 perceived porphyry anomalies identified in Golden Triangle 
    • Ascot Resources is financed to build a mine kilometers from Ivan
  • Copaquire copper-molybdenum deposit 3-per-cent NSR 
    • Chilean Metals sold its Copaquire property to Teck Resources Limited for $C3,033,500, with CMX retaining a 3% NSR (net smelter return) royalty on production.
    • Teck developing Copaquire triggers royalty 
    • Royalty a potential near term cash flow if sold
  • 100-% owner of five Projects in the prolific iron-oxide-copper-gold belt of northern Chile 
    • Commenced drilling on the Tierra De Oro Project 
    • Phase 1 of drilling at its Tierra de Oro has returned 716g/t Silver 0.453% Copper over 2m

Key Projects:

Niska: PGM/Battery Metals, Chibougamau Quebec  

Measured Resource:

  • 1,255,000T at 1.09% Ni; 0.56% Cu; 0.07% Co; 1.11 g/t Pd and 0.20 g/t Pt 

Indicated resource:

  • 783,000T at 1.00% Ni; 0.53% Cu; 0.06% Co; 0.91 g/t Pd and 0.29 g/t Pt 

Inferred resource:

  • 1,053,000T at 0.81% Ni; 0.32% Cu; 0.06% Co; 1.06 g/t Pd and 0.50 g/t Pt c    

About the NISK Property

The NISK property comprises two discontinuous blocks comprising a total of 90 mineral claims fora total of 4,589.11 ha.

  •  NISK-1 block comprises 86 mineral claims for a total of 4,375.55ha, while  
  • the smaller NISK-2 block comprises 4 mineral claims for a total of 312.56 ha. Together these comprise the NISK property comprising a total of 90 mineral claims for a total of 4,589.11 ha,  

The NISK property lies approximately 284 km by road north of the mining town of Chibougamau

  • 45 km east of the Nemiscau airport, in the James Bay territory of Quebec. 
  • NISK Deposit is open at depth and along strike and poised for expansion 

Future Work:
Chilean plans to further advance the previously defined historic resources with confirmation drilling, additional infill, and resource definition drilling commencing in Q2.

  • An updated resource estimate will be prepared upon completion of the additional drilling.
  • Surface exploration is also contemplated for other prospective targets on the property.

Golden Ivan Project 

  • 3 kilometers East of Stewart, BC 
  • Heart of the golden triangle.  
  • Property hosts two known mineral showings:
    • (Gold Ore and Magee)
    • Portion of the past-producing Silverado mine,  
  • Mineral showings are described to be Polymetallic veins that contain quantities of silver, lead, zinc, plus/minus gold and plus/minus copper.
  • Predominantly all share transaction with $1.8m of work commitments

About the Golden Ivan Property 

  • The Golden Ivan property is situated toward the south of British Columbia’s prolific ‘Golden Triangle  
  • The Golden Ivan property is located approximately 15km south west of the Red Mountain Gold/Silver deposit and 30 km south of the historic Premier Gold mine. 
  • Several mineralized veins of the Porter–Idaho Deposit strike onto the Golden Ivan property’s  
  • The property is under explored, however 3 anomalies identified for future exploration 

Future Exploration:   

The initial phase of exploration is anticipated to include:  

  • systematic geological structural and alteration mapping
  • geochemical sampling across the property to determine any local areas of anomalism 
  • ground-based geophysics to confirm local structural trends
    •  initial drill program expected in the summer of 2021.

Previous Work:   

The property hosts two (2) known mineral showings (Gold Ore, and Magee),and a portion of the past producing Silverado Mine, which was reportedly exploited between 1921 and 1939.  

  • Mineral showings are described to be Polymetallic veins that contain quantities of Silver, Lead, Zinc +/- Gold +/- Copper.  
  • Numerous additional mineral occurrences, showings and past procuring mines are located in the immediate areas surrounding the property, further supporting the presence of widespread mineralization in the areas.   

In 2018 Precision Geophysics completed an 88-line kilometre combined magnetic and gamma-ray spectrometry survey on behalf of the vendor Granby Gold Inc. Standard magnetics and radiometric data products were prepared and additional interpolate structural analyses were performed on the collected data.  

  • A number of areas of coincident magnetic and radiometric anomalism have been identified, additionally ‘structurally prepared’ zones are identified from the structural analysis interpolates.  
  • Such characteristics are widely regarded as favourable indicators of widespread hydrothermal alteration aka Porphyries, and will likely aid in vectoring toward any causative source intrusions that may be located on the property.  

Teck Royalty

Chilean Metals sold its Copaquire property to Teck Resources Limited for Cad. $3,033,500, with CMX retaining a 3% NSR (net smelter return) royalty on production.

  • Teck has the right to purchase one third of the NSR for Cad. $3,000,000, thereby presenting the Company with near-term cash flow potential.

The royalty, whether 3% or reduced to 2% through Teck exercising its right,

  • has potential to provide significant future benefit to the Company in terms of non-dilutive exploration funding and/or
  • dividends to our shareholders,
  • may provide a model for the Company’s future accretive growth.

Copaquire is located in Chile’s 1st Region, 125 kms south of its capital city, Iquique, on upland plateau in a very well-endowed mineral neighbourhood and readily accessible via well-maintained all-weather roads.

The project adjoins Teck’s Quebrada Blanca mine, where leachable copper reserves will be depleted by 2016 at current production and reserve levels (Teck website). Anglo-Xstrata-Mitsui’s colossal Collahuasi copper mine also lies nearby.

Copaquire boasts two 43-101-compliant resources:

  • Sulfato South (dominantly copper) 
  • Cerro Moly (dominantly molybdenum)

Tierra de Oro

  • Tierra Del Oro (Land of Gold) project in 3rd Region of Atacama about 75 km south of Copiapó, Chile.
  • Future work involves a targeted Geophysics
  • Coordinate 2nd drill program in Q3

Previous exploration data generated by both the company and other historic operators have been compiled and 8,660 training points were subjected to evaluation by Windfall’s propriety CARDS AI model. CARDS uses data mining techniques to analyze compiled exploration data and to identify areas target zones with high statistical similarity to known “signatures” of areas of copper, gold, and silver mineralization (Figures 3 and 4 below). A total of thirteen (13) prospective target zones were identified by the prediction analysis, of which in Phase 1 the company has elected to drill test two of the zones.

  • The ‘Chanchero’ Zone has previously been identified as being prospective for copper porphyry-style mineralization. The area comprises a 0.75 square kilometers zone of argillic and quartz-sericite-pyrite alteration hosted by augite-hornblende diorite to granodiorite with roof pendants of hornblende monzonite. The area was surveyed by 3-D Induced Polarization (IP) methods in 2008 and generated a chargeability anomaly greater at than 50MV/V at its core which is open at depth. The area was the focus of four (4) core holes that proposed to intersect the chargeability anomaly longitudinally and at depth. A two-meter sample at 120 m depth had a grade of 716 g / t Silver and 0.453% Copper was intersected in hole 3 on the figure below.

Figure 1: Locations of 4 Proposed drill holes at the Chanchero target, relative to the outline/projected shape of the greater at than 50MV/V chargeability anomaly as defined by the 2008 3-D Induced Polarization survey.

The ‘Cobalt’ zone is an AI generated target Gold anomaly that occurs along a pronounced structure and is located along strike from existing shallow artisanal gold workings. A single core hole was orientated to intersect the structure at depth below the projected level of the adjacent historical workings. No material results were generated at this target during the drilling.

Figure 3: Tierra De Oro property CARDS target model-A for Gold anomalism.

Figure 4: Tierra De Oro property CARDS target model-A for Copper anomalism.

https://cdn.investingnews.com/app/uploads/2021/02/chilean_fig4.jpg

Manitou Gold $MTU.ca Continues To Intersect Wide Zones Of Gold Mineralization On The Baltimore Deformation Zone (“BDZA”) Within Goudreau Project $AGI.ca $O3.ca $AR.ca $WDO.ca

Posted by AGORACOM at 8:57 AM on Tuesday, February 9th, 2021

Manitou Gold Inc. has released additional assay results from its continuing 10,000-metre drill program along the eastern portion of the Baltimore deformation zone (BDZ) on its 100-per-cent-owned Goudreau project in Northeastern Ontario.

  • Highlights of drill results are from the Stover occurrence, where the Company is reporting assay results from an additional three drill holes completed in January of this year.
  • Drilling is continuing with two diamond drill rigs to test the Stover occurrence and 28 other high priority targets on the eastern four km of the 17 km length of our BDZ.

Highlights:

Drilling continues to intersect broad zones of gold mineralization along strike and down plunge of previously announced, shallower drill hole intersections at the Stover Zone with highlights including:

  • 57.3 m at 0.3 g/t Au (starting at 150.7 m down hole), including 5.0 m at 1.5 g/t Au in hole MTU-21-03.
  • 26.8 m at 0.3 g/t Au (starting at 85.2 m down hole) and a separate intersection of 13.8 m at 0.5 g/t Au (starting at 132.6 m down hole) which includes 1.6 m at 1.5 g/t Au in hole MTU-21-02. These intersections are below and down plunge of holes MTU-20-49, 52 and 56 which intersected:
  • 39.9 m at 0.5 g/t in hole MTU-20-49, 0.8 g/t Au over 18.0 m, including 3.3 g/t Au over 2.1 m in hole MTU-20-52; and
  • 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56.

Read More:https://agoracom.com/ir/ManitouGold/forums/discussion/topics/754967-manitou-gold-continues-to-intersect-wide-zones-of-gold-mineralization-on-the-baltimor-deformation-zone-bdza-within-goudreau-project/messages/2302806#message

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.

ThreeD Capital $IDK.ca $IDKFF Makes $450,000 Investment Into Nirvana Life Sciences Inc., A #Psychedelics Company Focused on Developing Non-Addictive Pain Management Products $SHRM.ca $PSYK.ca $FTRP.ca $MMED .ca

Posted by AGORACOM-JC at 8:37 AM on Thursday, February 4th, 2021
IDK-square-for-blog
  • Announced a $450,000 investment in Nirvana Life Sciences Inc., a life sciences company focused developing medical products and regimens that address addiction.
  • Company has acquired 3,000,000 shares at a price of $0.15 per Share for aggregate proceeds of $450,000.
  • Sheldon Inwentash, Chairman and CEO of ThreeD Capital has also agreed to become an advisor to Nirvana.

TORONTO, Feb. 04, 2021 — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQB:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce a $450,000 investment in Nirvana Life Sciences Inc. (“Nirvana”), a life sciences company focused developing medical products and regimens that address addiction.

The Company has acquired 3,000,000 shares (the “Shares”) at a price of $0.15 per Share for aggregate proceeds of $450,000. Sheldon Inwentash, Chairman and CEO of ThreeD Capital has also agreed to become an advisor to Nirvana.

Randy Rosiek, President and Founder of Nirvana is elated to announce the lead order from ThreeD Capital as well as its CEO, Sheldon Inwentash as a strategic advisor of the board. “He comes with a wealth of extreme knowledge of capital markets and leadership experience that will help Nirvana Life Sciences achieve its goals as a global leader in the psychedelic space.”

Sheldon Inwentash stated, “This is the latest significant investment we have made in the psychedelic space, which further speaks to our believe that psychedelic drugs will be a game changer to mental health that currently affects millions worldwide. We believe these compounds have the potential to help solve the opioids epidemic, which has become a global crisis. Most importantly, we believe the scientific team at Nirvana has the ability and expertise to carry out this research at the highest level.”

Read More: https://agoracom.com/ir/threedcapital/forums/discussion/topics/754641-threed-capital-makes-450-000-investment-into-nirvana-life-sciences-inc-a-psychedelics-company-focused-on-developing-non-addictive-pain-management/messages/2301978#message

Fabled $FCO.ca Drills 3.3 Meters of 561.20 g/t Ag and 0.90 g/t Au within 6.0 Meters Grading 323.88 g/t Ag and 0.54 g/t Au at Santa Maria $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM at 8:19 AM on Wednesday, February 3rd, 2021
http://blog.agoracom.com/wp-content/uploads/2020/12/image-10.png
  • Over 10 ounces of silver over 6 meters.
  • 2nd hole of 8000m program
  • Followed up with SM20-03, designed to be the deepest hole ever drilled on the property.

Fabled Silver Gold Corp. (TSXV: FCO) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce the second diamond drill hole from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico, with assays from two additional holes pending.

Peter J. Hawley, CEO and President, remarks, “As expected, the sulphide contents of the Santa Maria vein and structure has increased and intercepted over 10 ounces of silver over 6 meters. These exceptional high- grade results intercepted at -145 meters vertically below surface will be followed up by hole SM20-03 which was designed to hit the Santa Maria structure at a vertical depth of -350 meters below surface which will be the deepest hole ever drilled on the property.”

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 drill hole success.”

Table 1: Drill Hole Intercepts

Hole NoFrom (meters)To (meters)Width (meters)Au g/tAg g/t
SM20-002150.40156.406.000.54323.88
Including151.00154.303.300.90561.20
Including151.00151.900.900.84156.00
 151.90153.001.100.74822.00
 153.00154.301.101.06621.00

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, which is typically higher in grade due to metal values not being leached out by surface ground waters as commonly seen in oxide zones.

Read More:https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/754516-fabled-drills-3-3-meters-of-561-20-g-t-ag-and-0-90-g-t-au-within-6-0-meters-grading-323-88-g-t-ag-and-0-54-g-t-au-at-santa-maria/messages/2301768#message