Denarius Metals Corp (TSXV: DSLV) this morning released further assays from a total of nine holes. The results consist of infill and validation holes conducted as part of an ongoing drill program at its flagship Lomero-Poyatos project in Spain.
To date, the drill program is said to be 60% complete, with 48 holes completed to date for an aggregate of 14,250 metres. Additionally, time-domain electromagnetic as well as ground based surveys are now underway at the property, having began just two weeks ago.
Highlight results from the latest batch of assays include:
- LM21006: 2.10 metres of 0.58% copper, 2.98% lead, 5.34% zinc, 85.38 g/t silver, and 3.13 g/t gold
- LM21012: 7.72 metres of 0.90% copper, 0.12% lead, 0.19% zinc, 23.81 g/t silver and 2.86 g/t gold
- LM22024: 0.50 metres of 0.33% copper, 0.55% lead, 5.99% zinc, 63.60 g/t silver and 2.20 g/t gold
- LM22025: 25.50 metres of 0.32% copper, 0.65% lead, 1.42% zinc, 43.07 g/t silver and 4.16 g/t gold
“These additional drilling results continue to confirm the widths and grades of gold and polymetallic mineralization of previous drilling campaigns on the Lomero-Poyatos Project and demonstrate the continuity of wide, high-grade gold and polymetallic mineralization below Level 5 of the historical mine over 350 m strike length. We are also confident that our geophysical program will expand the prospectivity for new deposits potentially associated to the northern and southern shear-zones relative to the known shear-hosted Lomero-Poyatos deposit,” commented CEO Serafino Iancono.
The results to date have pointed to mineralization over at least 350 metres of strike length from the fifth level of the historical mine on the property, within central and eastern portions of the known deposit.
Validation holes carried out under the current program are expected to enable the company to utilize historical assays within its oncoming resource estimate. That estimate is slated to be released by the third quarter of this year. The validation phase of the program has now been completed, while the infill portion of the program is 70% complete.
The results follow the company encountering 4.71% copper equivalent over 9.0 metres in prior drill results under the same program.
Denarius Metals last traded at $0.49 on the TSX Venture.
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