Zacatecas Silver (TSXV: ZAC) this morning announced that it has engaged a third party consultant as part of the process of preparing a current resource estimate for the Panuco Silver Deposit at its flagship Zacatecas Silver property in Mexico. The firm also announced that it has received assay results from a re-sampling program, however details were slim.
Red Pennant Geoscience has been engaged by the company as part of its efforts to establish a compliant resource estimate. The deposit currently has a historic inferred resource of 19.5 million ounces of silver equivalent at 153.2 g/t. The new estimate will also involve metallurgical studies, as previous estimates used outdated tech with lower recovery rates than what has now become the industry standard.
In terms of the resampling program, the company has reportedly completed the resampling of 184 historic sample intervals. Details from only one sample, which comes from a high grade shoot, were released this morning, with the 57 kg sample returning a value of 198 g/t silver equivalent. The re-sampled assays however are to form “the backbone” of the refined estimate.
Finally, the company is in the process of remapping both the Panuco and El Cristo projects on the property via satellite data that was acquired by the firm. The re-mapping is being utilized to extract structural data for input into current deposit models, while team members are currently on site conducting further exploration work.
Zacatecas Silver last traded at $1.24 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.
