E2 Metals (ASX: E2M) has identified 21 new priority targets at its Conserrat gold and silver project in Argentina’s Santa Cruz province.
Regional exploration at the project has comprised mapping and sampling, reviewing existing holes for possible “near miss” targets and a controlled source audio-frequency magnetotellurics (CSAMT) geophysics survey to map the subsurface structure.
During the March quarter, E2 Metals collect 281 rock chip samples, with a focus on potentially overlooked veins in previous exploration.
This led to the identification of six prospects, which are now a drilling priority.
Rock chips at Emilia Norte returned peak values of 9.9 grams per tonnes gold and 1,310g/t silver. At Paulina samples assayed up to 3.4g/t gold and 163g/t silver, while Pampita returned 1.5g/t gold and 21g/t silver.
At Silvia Oeste, numerous samples exceeded 1g/t gold, Melisa Este returned 1.2g/t gold and 10g/t silver, and up to 1g/t gold and 74g/t silver was noted near the intersection of the Melisa Oeste and Veta Blanca Oeste vein structures.
Meanwhile, recent drilling defined four vein structures where mineralisation is open at depth or along strike.
Highlight intercepts from drilling were 4m at 9g/t gold equivalent from Andrea Sur; 1.7m at 34g/t gold equivalent at Malvina; 3m at 1.1g/t gold equivalent at Veta Blanca “Link Zone”; and 19m at 1.1g/t gold equivalent.
The CSAMT has provided further data to develop a new 3D geological model for the project and predict the location of mineralised corridors under cover including extensions to known mineralisation.
“The recent CSAMT geophysical survey was aimed at expanding our targeting into the covered environment, where the company has completed limited work to-date, and where we see huge potential for new and important vein discoveries,” E2 Metals managing director Todd Williams explained.”
“In parallel to that work, we continue to find new outcropping vein structures such as Emilia Norte and see opportunities to expand high-grade mineralisation at existing prospects.”
Drilling planned for September
In an upcoming program, the 21 priority targets will be drilled in September.
“The company has secured a drill rig and work will commence when normal operations resume after winter,” Mr Williams said.
All-up about 5,000m of drilling will be completed across the regional prospects.
“We remain confident that this planned works will be the catalyst for new discoveries at the project,” Mr Williams added.