Hole TU-10-6 was collared with an azimuth of 150 degrees and dip of -50 degrees and intersected multiple quartz-carbonate-sulphide vein zones over significant widths.
The entire zone of veining averaged 0.86 g/t gold and 61.7 g/t silver (2.1 g/t AuEq or 105 g/t AgEq) over 126.22m (from 295.58m to 421.80m).
Multiple higher grade intervals were also intersected within this zone including 19.18m (from 317.50m to 336.68m) of 2.84 g/t gold and 160.2 g/t silver (6.0 g/t AuEq or 302 g/t AgEq).
The property lies within the Trans Mexican Volcanic Belt about 120km southeast of the Pachuca gold/silver deposit which has reported historic production of 1.4 billion ounces of silver and seven million ounces of gold.
The Ixtaca vein zone is a blind discovery with little surface manifestation, and based upon observations at surface and of core as drilling progresses, there is now thought to be at least two major sets of veins; one along bedding striking roughly 150 to 170 degrees and one perpendicular to bedding striking roughly 50 to 70 degrees.
Hole TU-10-6, as were the previously reported TU-10-2, 3, 4 and 5, was drilled parallel to bedding at 150 degrees azimuth.
While this orientation was deemed best to intersect the 50 degree striking vein set, the company’s management now interprets that this drilling azimuth may in fact be parallel to the other major vein set.
The overall vein zone is thought to have a north-easterly trend but true widths cannot be calculated with confidence at this time, the company said.
Drilling has resumed at 100 degrees, an orientation currently thought to best intersect both sets of veining as well as mineralized dikes, the orientation of which is not currently understood.
