- Kuya Silver Corporation (KUYA) is beginning an initial drill program at its Kerr Silver Project
- The company is planning to drill at least 2,500 metres in the initial program that is expected to commence shortly
- The initial drill program will focus on the vicinity of four contiguous, past-producing mines
- This represents the company's second diamond drill program of 2021
- Kuya Silver is down 2.72 per cent, with shares trading at C$2.50 at 11:40 am ET
Kuya Silver Corporation (KUYA) is beginning an initial drill program at its Kerr Silver Project.
The 100-per-cent owned project is part of the company's larger Silver Kings Project in Ontario.
The company is planning to drill at least 2,500 metres in the initial program that is expected to commence shortly. The focus of the initial drill program will revolve around the vicinity of the Drummond, Kerr Lake, Crown Reserve and Silver Leaf mines.
The four contiguous mines are recorded to have produced more than 52 million ounces of silver, with the vast majority of the production predating 1920, and was generally mined up to 100 metres from surface, according to Kuya.
"We are very excited to start Kuya's second diamond drill program in 2021. Since closing the acquisition of the Kerr Project in March, we have been reviewing a vast amount of historical exploration work and other geological data. Even though the Kerr Lake, Crown Reserve, Drummond and Silver Leaf mines have been heavily worked, we have found little evidence of much activity below 100 metres and see tremendous potential to extend known mineralization at depth and discover new silver veins. In its peak year, 1909, this group of four mines alone produced more than 7 million ounces from multi-percent silver ore, so today with better exploration, mining and processing methods, we see a huge opportunity to unlock value in Canada's richest silver camp," said Kuya Silver Corporation President and CEO David Stein.
Kuya is a Canadian‐based silver‐focused mining company that owns the Bethania Project, which includes the Bethania mine, located in Central Peru.
Kuya Silver is down 2.72 per cent, with shares trading at C$2.50 at 11:40 am ET.