Vancouver – The first round of drilling at the Batopilas project in the historic Mexican mining district of the same name has returned several high-grade silver intercepts for Mag Silver (MAG-V).
The company is carrying out a 10-hole, 2,500-metre program, with two holes completed to date. These surface holes are the first ever drilled in the historic mining camp, which has produced more than 250 million oz. silver between 1660 and 1913.
Partial results are in hand for the second hole, which intersected 1.7 metres of 2,358 grams silver per tonne within a 3-metre zone locally rich in silver-bearing acanthite (argentite). Based on historical reports, the company notes the style of mineralization was typically found above the native silver-rich ore-shoots that yielded the bulk of historic production.
A second intercept with visible native silver was intersected about 22 metres deeper, and returned 132 grams silver, also over 1.7 metres. This interval includes a 0.2-metre section of 721 grams silver.
Assays from the first hole and the balance of the second hole are pending. Mag Silver controls about 4,000 hectares of ground in the Batopilas district in Chihuahua State. The company has other projects in the Mexican Silver Belt, a geologically favorable district in the Sierra Madres now experiencing a mining and exploration boom.
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