Reyna Silver (RSLV.V) has finally released the assay results from its 13 hole drill program on its fully owned Guigui silver project in Mexico’s Chihuahua state. Drilling started in December of last year, a second drill rig was added in June but it took almost 11 months from drilling the first hole to receiving and releasing the assay results from the 12,849 meter drill program. Rather than providing interim updates, Reyna Silver elected to wait for all assays to be returned by the lab before making an announcement.
That initial drill program was targeting an area of 3 by 5 kilometers which was the main zone of attention based on historical mining activities, surface mapping and re-analyzing the data from the historic drill holes. Virtually all holes were drilled in the northern part of the Guigui land package, within kilometers from four historical mine sites.
Reyna Silver is very excited about the results of hole 28, where it encountered a 55 meter wide skarn zone which appears to be entirely mineralized. The assay results indicate an average grade of 23.2 g/t and approximately 2.5% ZnPb over the entire length of almost 55 meters, including a narrower interval of almost 16 meters containing 60.51 g/t silver, 2.19% lead and 5.85% zinc. According to Reyna’s Chief Exploration Advisor, this is ‘exactly what the model says you should expect to see when approaching the hub of a major CRD mineralization center’, and encountering this skarn zone creates a starting point for exploring upwards where the sulphides could and should have higher metal grades while the search for the source intrusion will be ongoing.
A second phase drill program (consisting of 8,000 meters and is fully permitted and fully funded) has already started in September and the drill bit will be working upwards and outwards from hole 28 on to expand the mineralized footprint of the system.
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