Zacatecas Silver Corp (TSXV: ZAC) is accelerating its exploration plans. The company this morning announced that it is looking to increase the speed at which it prepares a resource estimate for its Panuco Silver Deposit at its flagship property in Zacatecas State, Mexico.
The deposit currently has a historic resource estimate of 19.5 million inferred ounces of silver equivalent at 153.2 g/t silver equivalent. The company is now targeting resource confirmation, with extensive verification of historic drill core now underway, as well as a bench-scale metallurgical test for the deposits at Panuco and El Cristo.
Resampling of historic core has reportedly been completed on 178 sample intervals, which is roughly 15% of the samples used for the historic resource. This data is to then assist with a remodeled resource estimate for the deposit. The bench-scale metallurgical test meanwhile is being conducted as a result of improvements in metal recoveries as compared to the estimates used in the historical estimate. The company expects “significant opportunity to strengthen the resource estimate” as a result of these bench-tests.
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Furthermore, the Panuco deposit reportedly remains open at depth and along strike, with an extensive drill program currently being planned for the deposit, as well as for the El Cristo deposit and other targets.
Zacatecas Silver last traded at $1.55 on the TSX Venture.
Information for this briefing was found via Sedar and Zacatecas Silver. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
