Metalsource Mining (CSE: MSM) has pulled another high grade hit from its Silver Hill project.
The company this morning reported an intercept of 434 g/t silver equivalent over 10.64 metres in hole SH26-11, anchored by a 1.52 metre interval grading 2,050 g/t silver equivalent. The results come from an ongoing diamond drilling campaign built around step out holes designed to test extensions of known mineralization.
Hole SH26-11 was drilled as a 45 metre down dip extension and a southern step out from earlier holes, returning strong gold values alongside silver and heavy base metal content. Elsewhere, drilling pushed mineralization roughly 315 metres below surface and continued to trace the polymetallic system along strike and at depth.
Highlight results include:
- SH26-11: 434 g/t silver equivalent (3.3 g/t gold, 27.0 g/t silver, 3.3% lead, 7.9% zinc, 0.2% copper) over 10.64 metres from 138.41 metres depth
- Including 2,050 g/t silver equivalent (19.1 g/t gold, 92.0 g/t silver, 11.7% lead, 25.1% zinc, 0.5% copper) over 1.52 metres
- SH26-15: 257 g/t silver equivalent (2.1 g/t gold, 16.4 g/t silver, 1.5% lead, 2.9% zinc, 0.4% copper) over 10.18 metres from 218.66 metres depth
- SH26-10: 202 g/t silver equivalent (0.7 g/t gold, 23.9 g/t silver, 2.7% lead, 6.1% zinc, 0.1% copper) over 4.60 metres from 111.98 metres depth
- SH25-04: 113 g/t silver equivalent (0.2 g/t gold, 40.4 g/t silver, 1.5% lead, 2.6% zinc) over 1.55 metres from 58.55 metres depth
Despite the figures being presented as a silver equivalent, Metalsource is focused on Silver Hill being a polymetallic system.
“These results continue to demonstrate what we are seeing across the Silver Hill system: consistent silver and gold values accompanied by exceptionally strong lead and zinc grades. The combination of precious metals and base metals is becoming a defining characteristic of the project and continues to support the broader scale and continuity of the mineralized system,” commented CEO Joe Cullen.
“What is particularly encouraging about Hole 11 is not simply the high-grade interval, but the strength of the broader mineralized package,” Joe Cullen continued. He pointed to multiple stacked high-grade zones and steady lead-zinc content as evidence of continuity within the system.
Additional assays from the ongoing drill program are said to be outstanding.
Metalsource Mining last traded at $1.65 on the CSE.
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