The latest results are in for Denarius Metals (TSXV: DSLV). Assays from four holes of its ongoing exploration program at its flagship Lomero-Poyatos project in Spain were released this morning.
The results released this morning are part of an ongoing 23,500 metre drill program that is expected to consist of a total of 81 holes. To date, 28 holes have been completed via 8,600 metres in aggregate drilling, with assays now beginning to role in from the lab. Highlights from the latest results include:
- LM21009: 6.85 metres of 2.51% copper, 0.65% lead, 3.28% zinc, 49.99 g/t silver and 6.07 g/t gold
- LM21013: 3.05 metres of 0.06% copper, 0.35% lead, 2.20% zinc, 1.68 g/t silver and 0.32 g/t gold
- LM21014: 3.20 metres of 2.88% copper, 0.14% lead, 0.08% zinc, 24.96 g/t silver and 3.14 g/t gold
- LM21015: 4.40 metres of 0.40% copper, 0.80% lead, 1.93% zinc, 45.19 g/t silver, and 3.39 g/t gold
“These additional drilling results and the initial geological mapping at the Lomero-Poyatos Project are very encouraging. Our drilling to-date has tested an area within this well-known VMS deposit that is over 1,000 m along strike and 190 m deep. All the holes drilled to-date have intercepted massive sulphide mineralization,” commented CEO Serafino Iancono on the results.
To date, drilling has covered over 1,000 metres of strike to a depth of 190 metres. All holes are said to have hit massive sulphide mineralization, with high-grade gold now identified over 200 metres of strike in the eastern portion of the deposit with the latest results. High grade gold was meanwhile also confirmed at the westernmost end of the historical mine that exists on the property.
The firm this morning also indicated it intends to conduct geophysics on the property, with the goal of determining the extension of the known deposit along strike and at depth. The company is also looking to accelerate the drill program via the addition of a third drill rig, as it works towards establishing a mineral resource estimate for the property.
Denarius Metals last traded at $0.53 on the TSX Venture.
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