E2 Metals discovers another gold zone at Mia, appoints new chairperson

E2 Metals (ASX: E2M) has discovered a different gold and silver zone at the Mia target within its flagship Conserrat project in Argentina’s Santa Cruz province.

The new zone was intersected during extensional drilling at the target and was hit 150m northwest of the Lara vein.

Assays revealed a 2m interval grading 19.7 grams per tonne gold and 110g/t silver from 186.5m.

“The discovery of high-grade gold and silver mineralisation 150m northwest of Mia is significant and highlights the potential for additional zones of mineralisation along the northwest host structure,” E2 Metals managing director Todd Williams said.

Visible gold within Lara vein

Meanwhile, infill drilling at Mia has extended known mineralisation in the Lara vein by 25m along strike and down dip.

It has also encountered visible gold in several holes.

Mr Williams said identifying visible gold in veins confirms the source of bonanza gold mineralisation at Mia within the Lara vein structure.

Notable preliminary fire assays for select infill samples were 7m at 3.2g/t gold and 444g/t silver form 67.1m, including 3m at 7.5g/t gold and 532g/t silver from 71.4m; and 9.8m at 12.8g/t gold and 381g/t silver from 45m, including 2.6m at 42g/t gold and 1,164g/t silver from 50.1m.

E2 Metals noted drilling productivity during the March quarter had been impacted by COVID and delays in sourcing a second diamond rig.

However, the program was now “progressing well” with provisions in place to maintain the program during the winter period.

Chairperson appointment

With drilling continuing at Conserrat, E2 Metals has also revealed the appointment of a new chairperson.

Brad Evans has joined E2 Metals’ board in a non-executive capacity. He replaces Melanie Leydin who has stepped down from the chairperson role but remains as a non-executive director.

E2 Metals pointed out Mr Evans’ experience spans almost 25 years in the minerals sector across Australia and South America.

He held director positions with Kidman Resources before it was taken over by Wesfarmers for A$776 million in 2019.

Ms Leydin said Mr Evans brings “valuable experience” and is well-placed to lead the board and support the company through its next growth phase.