Assays for a further six holes at the Mia prospect in Argentina have been released by E2 Metals (ASX: E2M) showing more promising gold intersections.
The company says one hole appears to have intercepted a new mineralised shoot while two others have highlighted the potential for the finding of “multiple” mineralised shoots at Mia and with gold and silver mineralisation open at depth and to the west.
The latest assays continue to build a picture at Mia, part of the company’s Conserrat project in Argentina.
Hole 65 pierced the Lara vein 125m down-dip of known high-grade mineralisation and intercepted encouraging silver mineralisation with lesser gold.
That hole returned an interval 4.1m at 1 grams per tonne gold but 644g/t silver from 175m.
This is the intercept E2 Metals interprets to be the new mineralised shoot at the intersection of the Lara vein with a parallel structure.
Two structures hit in one hole
Hole 44, collared 40m west of the current shallow drilling program area, intersected two discrete mineralised structures.
One, over 2m, assayed 43g/t gold and 9g/t silver from 21m, including 1.2m at a very high 72g/t gold and 14 g/t silver from 21.8m.
This hole hit another section beginning at 68m from surface, which returned 6.1m at 4.6g/t gold and 28g/t silver, including 1m at 26g/t gold and 88g/t silver.
Managing director Todd Williams said drilling is now on hold for the Christmas break with work resuming on 4 January.
He also drew attention to the two hole results out today.
“The results of the two holes are significant as it shows high-grade mineralisation at Mia is completely open at depth and to the west,” Mr Williams said.
As described by E2 Metals, Conserrat, located in Santa Cruz province, is host to a greenfields gold and silver discovery centred 25km along strike from the Cerro Vanguardia silver-gold mined operated by AngloGold Ashanti (ASX: AGG).
Cerro Vanguardia is the largest epithermal vein field in the Santa Cruz province with historical and current resources estimated to be 8.9 million ounces of gold and 137Moz of silver.
Last week the company reported one hole of 11.2m at 4.2g/t gold and 535g/t silver, including 1.1m at 21g/t gold and a spectacular 3,119g/t silver.
E2 Metals said that drilling has extended the high-grade mineralised zone another 25m to the east — and it’s open at depth and down-plunge.
Furthermore, a geophysical survey at Mia had identified a strong anomaly north of the current drilling program.