- Pantera Silver (PNTR) completes first stage of exploration drilling at Nuevo Taxco Silver Project
- This initial stage of drilling focused on two of the 21 high grade silver veins previously mapped and surface sampled
- Three holes were drilled to check the continuity of “La Negrilla” vein
- The first three holes cut “La Negrilla” vein in addition to another previously unknown structure
- This confirms the presence and continuity of this vein 40 meters below the main mine and to the north and south
- All sampling has been completed for these first six holes and assays are pending
- Pantera Silver Corp. (PNTR) is trading at C$0.24 at 10:37 am EST
Pantera Silver (PNTR) has completed the first stage of exploration drilling for a total of 680 metres in six holes.
This is located at its Nuevo Taxco Silver Project in the Pregones Mining District, approximately 40 km northwest of Taxco, Mexico – the historic “Silver Capital of the World.”
This initial stage of drilling focused on two of the 21 high-grade silver veins previously mapped and surface sampled over a 135-hectare area within the 1,100 hectare Nuevo Taxco Silver Project.
Drilling is being campaigned to test down dip mineralization on selected veins to advance target development and better establish criteria for continued exploration.
Three holes were drilled to check the continuity of “La Negrilla” vein, to an elevation approximately 40 meters below the mine with the same name.
The first three holes cut “La Negrilla” vein in addition to another previously unknown structure and other mineralized zones that were also unknown.
This confirms the presence and continuity of this vein 40 meters below the main mine and to the north and south for a minimum of 100 meters along strike at the target depth.
The core recovered polymetallic sulphides, principally pyrite, chalcopyrite, galena and sphalerite.
Three drill holes targeted the “El Crestón de María” vein, where disseminated sulphides and veinlets (less than 10 cm) were found in the host rock.
Polymetallic mineralization occurs in veins and there are also interbedded polymetallic sulphides in the shale lamination.
Holes four, five and six confirm the presence of vein structures with the presence of polymetallic sulphides, as well as two other structures that were unknown.
Jay Roberge, CEO of Pantera Silver stated, “We are very pleased to have confirmed mineralization of the target veins at depth and intersect additional new mineralization that was not expressed at surface.”
“We are encouraged with the visual inspection of the drill core and anxious to receive the final assay results,” added Roberge.
All sampling has been completed for these first six holes and assays are pending. Final results will be released following receipt and QA/QC by the company.
Pantera Silver Corp. is a mineral exploration and development company committed to enhancing shareholder value by advancing a diverse portfolio of mineral projects through collaborative partnerships and highly experienced technical teams.
Pantera will continue to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions.
Throughout the process, our mission is to help maintain prosperous communities by exploring for and discovering resource opportunities that build lasting relationships through honest and respectful business and environmental practices.
Pantera Silver Corp. (PNTR) is trading at C$0.24 at 10:37 am EST.
