IMA’s Navidad yields more silver

IMA Exploration (IMR-V) is encouraged by results from channel sampling at the Navidad silver project in Argentina’s Patagonia region.

The latest round of sampling over a 400-metre-by-400-metre area at the Loma de la Plata target yielded 103.3 metres grading 290 grams silver per tonne, 49.5 metres grading 410 grams, and 56 metres grading 452 grams.

The Loma de la Plata zone comprises quartz-eye latite volcanic rocks, which dip gently to the northeast. Mineralization occurs in micro-veinlets and breccia zones and consists primarily of minor galena and copper oxides with common native silver.

At another target, Sector Zeta, seven sample lines ranging in length from 6.7 to 60 metres have been completed over an area measuring 80 by 100 metres. Highlights include 8 metres grading 105 grams silver per tonne and 1.1% copper, 12 metres grading 112 grams silver and 1.1% copper, and 12 metres grading 133 grams silver and 3.3% copper on line Z-7.

The Sector Zeta zone consists of green copper oxides in argillicly altered latite volcanic rocks, which are often brecciated. The host units appear to be part of the same volcanic unit that hosts mineralization at Loma de la Plata.

The three main deposits at Navidad — Galena Hill, Navidad Hill and Connector — host a total indicated resource of about 80.8 million tonnes grading 103 grams silver per tonne. Loma de la Plata and Sector Zeta are 4 km and 5 km west of Galena Hill.

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