Three holes (BUUY105, BUUY108 and BUUY114, Figures 1 and 2) were drilled in eastern Yaragua to infill and extend the Yaragua mineral resource model and also to examine potential extensions into the eastern San Agustin area. Each drill-hole intersected multiple families of veins. Intercepts within the current mineral resource envelope were generally consistent with the model. However, BUUY114 made several intersections of significantly higher grade and thickness than for comparable locations in the current mineral resource model, including:
-- 10.5 metres @ 108 g/t gold and 96 g/t silver, including 2.63 metres @ 29 g/t gold and 142 g/t silver and 2.15 metres @ 473.6 g/t gold and 186 g/t silver (from 34.5 metres down-hole, elevation of 1,339 metres, PRE & VNB packages).
This intercept, characterized by Stage II visible gold-mineralization, is interpreted to be part of a broad high-grade subzone across the central vein family in eastern Yaragua and is open vertically. Other significant intercepts in BUUY114 include:
-- 3.81 metres @ 8.2 g/t gold and 33 g/t silver (elevation of 1,331 metres, VNB package); and-- 3.95 metres @ 30.2 g/t gold and 100 g/t silver, including 2.0 metres @ 53.8 g/t gold and 149 g/t silver (elevation of 1,324 metres, VNB-VNC).
Each of the eastern Yaragua holes also intersected the northerly vein packages below or to the north of the current mineral resource envelope. Significant intercepts, representing the extensions of currently modeled veins, include:
-- 2.38 metres @ 8.9 g/t gold and 5 g/t silver, including 1 metres @ 18.9 g/t gold and 6 g/t silver (BUUY105, elevation of 1,171 metres, FWV package); and-- 0.5 metres @ 66.8 g/t gold and 5 g/t silver (BUUY108, elevation of 1,177 metres, FWV).
Intersections (Table I) in BUUY105 (from 300 metres down-hole), BUUY108 (from 320 metres down-hole) and BUUY114 (from 298 metres down-hole), north of VNA and representing the south-eastern San Agustin vein families, include:
-- 0.5 metres @ 4.5 g/t gold and 511 g/t silver (BUUY114, elevation of 865 metres, new silver-rich vein).
BUSY339 was drilled to transect deeper parts of the central Yaragua system. Near collar, at relatively shallow depth, the drill-hole intersected four silver-rich veins (from 205-320 metres down-hole, Table I). Further north and deeper, the drill-hole cut the depth extensions of all currently modeled vein domains, with intercepts all below the current mineral resource envelope. Highlighted intercepts include:
-- 3.0 metres @ 11.9 g/t gold and 11 g/t silver, including 0.8 metres @ 38.7 g/t gold and 32 g/t silver (elevation of 1,273 metres, MUS1);-- 1.35 metres @ 29.6 g/t gold and 164 g/t silver (elevation of 1,199 metres, MUS);-- 8.28 metres @ 6.5 g/t gold and 8 g/t silver, including 1.5 metres @ 21.1 g/t gold and 29 g/t silver (elevation of 1,047 metres, PRE); and-- 0.6 metres @ 25.7 g/t gold and 13 g/t silver (elevation of 996 metres, VNC).
BUSY339 intersections below 1,128 metres down-hole (Table I) represent vein domains deep in the San Agustin system.
BUSY335 and BUSY341 were drilled to transect the central-western Yaragua system at depth. BUSY341 was lost at shallow depth but this drill-hole (from 189 metres down-hole, Table I) and BUSY335 (to 465 metres down-hole, Table I) intersected silver-rich veins in Yaragua South. BUSY335 made significant intercepts outside of the current mineral resource envelope, including:
-- 1.9 metres @ 6.9 g/t gold and 16 g/t silver (elevation of 1,262 metres, MU vein package);-- 0.5 metres @ 28.2 g/t and 37 g/t silver (elevation of 997 metres, VND);