E2 Metals (ASX: E2M) reports that its Mia prospect story in Argentina continues to build with more high-grade drilling intersections.
In September resumed drilling at its Conserrat project in Argentina, following up an earlier high-grade intercept at its Mia prospect, once Argentina lifted its COVID-19 restrictions.
In the latest results, hole 30 has come back assaying over 11.2m at 4.2 grams per tonne gold and 535g/t silver, including 1.1m at 21g/t gold and a spectacular 3,119g/t silver.
Mineralisation began 51m from surface.
Hole 34 returned 9m at 11g/t gold and 814g/t silver, including 3.4m at 28g/t gold and 1,843g/t silver.
E2 Metals says this drilling has extended the high-grade mineralised zone another 25m to the east — and it’s open at depth and down-plunge.
Strong anomaly north of Mia
Furthermore, a geophysical survey at Mia has identified a strong anomaly north of the current drilling program.
The company says this indicates a potential second parallel structure and structural feeder zone.
E2 is now drilling a deeper diamond hole down 200m to test this target.
Before the crew was placed in quarantine, drilling at Mia had returned an intercept of 16m at 3.91g/t gold and 123g/t silver from 68m down hole, including 8m at 7.64g/t gold and 216g/t silver.
In July E2 Metals raised $2.16 million by means of an oversubscribed share purchase plan.
The Conserrat project comprises a single title of 8,696 hectares within the Santa Cruz Province of Argentina.
Project area in gold-silver elephant country
The title is centred 130km northwest of local service town Puerto San Julian and some 30km west-northwest of AngloGold Ashanti’s (ASX:AGG) large Cerro Vanguardia mine.
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 (Moz) of gold and 137Moz of silver.
Other companies with projects in Santa Cruz province include Toronto-based Yamana Gold, Newmont Mining, Pan American Silver and Austral Gold (ASX: AGD) with its silver-gold Pinguine exploration project.
Results have also now been received from other prospects at Conserrat.
At Florencia, one hole has returned 3m at 8.2g/t gold and 26g/t silver from 60m down hole. The company is testing three mineralised structures there.
Rock chip sampling at Emilia Este has returned what the company describes as “exceptional” high grades, including 82g/t gold and 1,444g/t silver, over an 80m strike length.
Two scout diamond holes has just been completed at Emilia Este.
Additional results are expected before Christmas with assays from six holes at Mia, 14 at Florencia and those two at Emilia Este still to be completed.
Managing director Todd Williams said he is encouraged by the sample results from Emilia Este which, he adds, is evolving as an exciting new discovery.
“Drilling at Mia continues to deliver shallow high-grade gold and silver mineralisation, with the current batch of results returning the highest silver grades at the project to date.”