FULL DISCLOSURE: Mercado Minerals is a sponsor of theDeepDive.ca.
A step out hole has pushed the El Agua vein to the front of Mercado Minerals Ltd.’s (CSE: MERC) plans at Copalito, after returning 1,120 g/t silver equivalent over 1.20 metres.
The results stem from Mercado’s inaugural 3,000-metre diamond drill program, which targeted both the 5 Señores and El Agua veins through a series of step-out and infill holes.
The marquee intercept came from El Agua, where an aggressive step out hole chasing a steeper interpretation of the structure landed on a quartz-carbonate semi-massive sulphide vein. Mineralization there remains open in every direction.
Highlight results include:
- COP-26-012: 686 g/t silver equivalent 30 g/t silver, 1.94 g/t gold, 9.47% lead, 14.61% zinc) over 3.50 metres from a depth of 124.75 metres,
- Including 1,120 g/t silver equivalent (34 g/t silver, 3.40 g/t gold, 19.00% lead, 21.00% zinc) over 1.20 metres
- COP-26-014: 154 g/t silver equivalent (114 g/t silver, 0.50 g/t gold, 0.13% lead, 0.47% zinc) over 24.20 metres from a depth of 22.50 metres,
- Including 434 g/t silver equivalent (340 g/t silver, 1.22 g/t gold, 0.34% lead, 1.18% zinc) over 7.60 metres
- COP-26-009: 173 g/t silver equivalent (141 g/t silver, 0.40 g/t gold, 0.17% lead, 0.51% zinc) over 6.15 metres from a depth of 83.55 metres
Drilling at 5 Señores is now complete, stretching the productive strike length to roughly 800 metres and vertical depth to about 125 metres. Surface work also flagged a fault offset of the vein to the southeast, adding an estimated 250 metres of strike length that has been tested but not yet assayed.
WATCH: Why This Mexico Silver Project Still Has Room to Grow | Daniel Rodriguez – Mercado Minerals
CEO and Director Daniel Rodriguez said the company is pleased with the program’s progress, noting that the early El Agua holes “encourage us to focus on this vein during future drill tests.” He added that Mercado believes it is “well on our way to showing a critical mass of productive vein structures” across the property.
Drilling continues, with the rig now turning to the El Pilar vein and the first ever tests of the newly identified Pilar Sur and El Medio veins. Surface crews, meanwhile, keep turning up fresh vein mineralization and soil anomalies that warrant follow-up.
Mercado Minerals last traded at $0.11 on the CSE.
FULL DISCLOSURE: Mercado Minerals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Mercado Minerals. The author has been compensated to cover Mercado Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
