Australian explorer E2 Metals (ASX: E2M) has confirmed that scout drilling at the Florencia prospect within its flagship Conserrat gold-silver project in Argentina’s Santa Cruz province has intercepted “encouraging” mineralisation on two separate vein trends.
The company drilled one diamond and three reverse circulation holes for a total 522m to better understand the geological context of the mineralised structures defined in the previous season.
The preliminary interpretation is that gold and silver mineralisation, open along strike and down-dip, relates to two mineralised trends spaced approximately 50m apart.
Key intercepts were 14m at 2.2g/t gold and 11g/t silver from 56m, including 3m at 8.2g/t gold and 26g/t silver from 60m; and 17m at 1.28g/t gold and 10g/t silver from 87m.
One of the holes returned a shallow intercept of 1m at 3.36g/t gold from 14m and has been interpreted as the up-dip expression of mineralisation in a neighbouring hole.
A third northern mineralised structure remains untested by scout reverse circulation drilling.
E2 Metals has also commenced exploration at the new Mia discovery, comprising a combination of up to 1,000m diamond and reverse circulation drilling to follow-up bonanza mineralisation intercepted in October.
Those results were 31m at 27g/t gold and 160g/t silver from 53m, including 18m at 47g/t gold and 208g/t silver from 66m, including 1m at 424g/t gold and 1,489g/t silver from 68m.
Drilling will test the east-west Lara Vein structure over a 200m strike, using hole lengths from 75m to 150m, and seek to resolve the plunge of mineralisation.
The program is expected to take four weeks to complete, with results due before year end.
Ongoing mapping and rock chip sampling activities at Conserrat have identified three new mineralised veins at Emilia Este, Uma and Malena.
All are located within areas of no or limited prior sampling.
Emilia Este sits 800m east of previously-reported high-grade rock chip samples at the Emilia prospect which assayed 15g/t gold and 2,146g/t silver.
Malena is located in a “window” through the younger tertiary basalt cover with dimensions of 100m by 100m and mineralisation is associated with veins in volcaniclastic rock similar to those seen at the Ro prospect, 1km to the southeast.
Ro and Malena are believed to sit within a single chargeability lineament in gradient array induced polarisation data and potentially make up a single mineralised trend.
Like Malena, the Uma vein is located within a small window in the same cover and is the first mineralised trend identified between Emilia and Ro.
Mineralisation at Uma is associated with veins with banded textures.
Assays from E2 Metals’ preliminary sampling at the new veins include up to 3.1g/t gold and 2,468g/t silver at Emilia Este; up to 0.8g/t gold and 101g/t silver at Uma; and up to 3.1g/t gold at Malena.