Drilling continues for Denarius Metals Corp (TSXV: DSLV). The firm this morning indicated that it has completed 53% of its planned drill program at the Lomero-Poyatos Project in Spain, while also announcing additional drill results.
The latest results to be released by the company consist of 2,788 metres in aggregate of drilling, which was conducted across a total of nine drill holes. The results are said to confirm massive and semi-massive sulfide zones, which are enriched with copper, zinc, and gold.
Highlights from the results released this morning include:
- LM21008BIS: 0.50% copper, 0.48% lead, 2.43% zinc, 45.50 g/t silver and 3.98 g/t gold over 9.0 metres
- LM21010: 1.48% copper, 0.21% lead, 0.23% zinc, 17.18 g/t silver, and 1.84 g/t gold over 10.40 metres
- LM22019: 0.31% copper, 0.35% lead, 2.35% zinc, 38.75 g/t silver and 3.37 g/t gold over 2.30 metres
- LM22021: 0.44% copper, 1.22% lead, 1.23% zinc, 50.76 g/t silver and 4.63 g/t gold over 1.40 metres
The results, which consist of infill drilling, have intersected over 200 metres of strike, which is said to be near to the bottom of the historical mine on the eastern portion of the deposit. The overall results from the current program meanwhile have identified a total strike length of 1,000 metres, with mineralization extending to a depth of 300 metres.
“We are very encouraged by these additional drilling results and excited to be moving the exploration program into the geophysical survey phase. Our drilling to date has demonstrated that the Lomero-Poyatos deposit is still open along strike to the west and at depth, and has high-grade gold and polymetallic mineralization. The addition of a third rig to the operation has allowed us to accelerate the drilling program and gives us the flexibility to move a rig to test geophysical targets as soon as results are available,” commented CEO Serafino Iacono.
The current drill program, which began in October 2021, is slated to conduct a total of 81 drill holes over 23,500 metres in aggregate. The program is to consist of nine holes focused on validating historical holes in the existing mine, 56 holes focused on infill drilling, and the remainder are drill holes for step out drilling. To date, 12,500 metres of drilling has been completed within 42 holes.
Denarius Metals last traded at $0.485 on the TSX Venture.
FULL DISCLOSURE: Denarius Silver Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Denarius Silver Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
