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Latest drilling results confirm further high-grade potential at Veta Grande

Published by , Assistant Editor
Global Mining Review,

Santacruz Silver Mining Ltd (Santacruz) has provided an update from the Phase I drill programme ongoing on the Veta Grande (Armados) and Navidad veins that form part of the company's Veta Grande project, located in the Zacatecas mining district in Zacatecas (Mexico). Diamond drilling is well on its way to better define the Veta Grande and Navidad veins from surface while an underground drill rig will be used to better define the Armados vein. To date, 19 drill holes totalling 6165 m have been completed.

Initial drill results at the Navidad vein are confirming high-grade vein intersections near surface and close to existing mine workings. Highlights include drill hole NA18-006 that intersected 668.84 g/t silver, 0.17 g/t gold, and 0.12% copper (698.35 g/t silver-equivalent) over 1.95 m (approximated true width), from 56.6 m to 58.75 m. In addition to this, the Veta Grande vein is also confirming strong mineralisation to the north.

Carlos Silva, COO of Santacruz, commented: "With these drill results at the Navidad vein, and higher grade intercepts along the northern strike of the Veta Grande vein, we continue to demonstrate the potential of this high-grade mineralised district.”

Silva added: "We recently identified the potential of the Navidad vein, which has never been systematically explored, and results thus far are extremely encouraging. Drilling is continuing with an additional 14 000 m of diamond drilling budgeted."

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