TORONTO--(BUSINESS WIRE)--Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to announce initial results from recent exploration drilling on its 100% owned Zone 120 deposit, adjacent to the San Rafael development project, part of the Cosalá Operations property in Sinaloa, Mexico.
Highlights of the program include:
- Step-out hole SR-396 with 61.4 meters grading 306g/t Ag, 0.23g/t Au and 0.79% Cu (412g/t AgEq) including 5.9 meters of 932g/t Ag, 0.82g/t Au and 1.94% Cu (1,213g/t AgEq) plus another interval of 9.4 meters grading 479g/t Ag, 0.29g/t Au and 1.07% Cu (622g/t AgEq)
- Step-out hole SR-401 with 39.6 meters grading 205g/t Ag, 0.28g/t Au and 0.53% Cu (289g/t AgEq) including 11.4 meters of 473g/t Ag, 0.68g/t Au and 1.20% Cu (659g/t AgEq)
- Infill hole SR-391 with 22.81 meters grading 138g/t Ag, 0.22g/t Au and 0.37% Cu (196g/t AgEq2) including 4.0 meters of 460g/t Ag, 0.20g/t Au and 0.88% Cu (575g/t AgEq)
- Infill hole SR-392 with 18.1 meters grading 113g/t Ag, 0.08g/t Au and 0.17% Cu (138g/t AgEq)
“We are very encouraged by the initial success of this drilling,” said Darren Blasutti, President & CEO of Americas Silver Corporation. “Not only did the infill drilling increase the confidence of the existing resource at Zone 120, but the step out drilling to the southern extension confirms our geologists view of a larger, more robust system which could extend to the El Cajón deposit.”
2017 Cosalá Exploration Program
Exploration drilling resumed at the Cosalá Operations property for the first time since 2014. Starting in April, an initial eight hole, 4,000 meter diamond drill program at Zone 120 was focused on upgrading the existing resource3 as well as expanding the footprint of mineralization to the southeast. Following up on the success of step-out hole SR-396, the Company drilled an additional 2,000 meters in four holes to test continuity of the mineralization. Detailed exploration results from the drill program can be found on the Company’s website at americassilvercorp.com. Assays from hole SR-402 are still pending.
| Hole |
From |
To |
Interval |
True Width |
Ag |
Au |
Cu |
Ag Eq |
| SR-391 | 41.5 | 63.0 | 21.5 | 20.0 | 107 | 0.44 | 0.20 | 162 |
| Including | 49.8 | 55.0 | 5.2 | 4.8 | 237 | 0.91 | 0.34 | 341 |
| SR-391 | 96.2 | 100.1 | 4.0 | 3.7 | 175 | 2.12 | 1.40 | 488 |
| SR-391 | 115.6 | 140.1 | 24.6 | 22.8 | 138 | 0.22 | 0.37 | 196 |
| Including | 117.0 | 121.3 | 4.3 | 4.0 | 460 | 0.20 | 0.88 | 575 |
| SR-391 | 151.2 | 172.4 | 21.3 | 19.8 | 127 | 0.10 | 0.35 | 173 |
| Including | 165.8 | 170.0 | 4.2 | 3.9 | 285 | 0.23 | 0.75 | 387 |
| SR-392 | 78.0 | 97.0 | 19.0 | 18.1 | 113 | 0.08 | 0.17 | 138 |
| SR-392 | 109.7 | 122.6 | 13.0 | 12.3 | 110 | 0.13 | 0.25 | 148 |
| Including | 118.6 | 121.9 | 3.3 | 3.1 | 221 | 0.21 | 0.66 | 311 |
| SR-393 | 7.0 | 25.0 | 18.0 | 6.4 | 1083 | 0.54 | 0.04 | 1126 |
| SR-393 | 27.9 | 43.1 | 15.2 | 5.3 | 86 | 0.37 | 0.16 | 131 |
| SR-393 | 117.0 | 121.8 | 4.8 | 4.4 | 130 | 0.43 | 0.36 | 202 |
| SR-393 | 130.6 | 134.5 | 3.9 | 3.6 | 112 | 0.15 | 0.67 | 200 |
| SR-393 | 148.7 | 154.0 | 5.3 | 4.9 | 151 | 0.13 | 0.37 | 203 |
| SR-395 | 221.7 | 243.3 | 21.6 | 20.7 | 73 | 0.11 | 0.21 | 104 |
| SR-396 | 308.0 | 317.4 | 9.4 | 9.4 | 79 | 0.04 | 0.19 | 105 |
| SR-396 | 368.1 | 429.5 | 61.4 | 61.4 | 306 | 0.23 | 0.79 | 412 |
| Including | 387.5 | 393.4 | 5.9 | 5.9 | 932 | 0.82 | 1.94 | 1213 |
| Including | 406.7 | 416.1 | 9.4 | 9.4 | 479 | 0.29 | 1.07 | 621 |
| SR-400 | 268.0 | 273.6 | 5.6 | 4.7 | 182 | 0.22 | 0.50 | 256 |
| SR-400 | 277.6 | 291.0 | 13.4 | 11.2 | 87 | 0.07 | 0.19 | 114 |
| SR-400 | 297.4 | 306.6 | 9.2 | 7.7 | 111 | 0.09 | 0.23 | 144 |
| SR-400 | 378.0 | 396.3 | 18.3 | 15.3 | 88 | 0.14 | 0.11 | 111 |
| SR-400 | 411.3 | 418.6 | 7.2 | 6.0 | 133 | 0.51 | 0.09 | 181 |
| SR-401 | 275.7 | 315.3 | 39.6 | 39.6 | 205 | 0.33 | 0.53 | 289 |
| Including | 303.9 | 315.3 | 11.4 | 11.4 | 473 | 0.68 | 1.20 | 659 |
| SR-401 | 327.5 | 351.9 | 24.4 | 24.4 | 190 | 0.28 | 0.53 | 271 |
| Including | 344.5 | 349.0 | 4.5 | 4.5 | 535 | 0.80 | 1.52 | 766 |
Silver-copper mineralization is hosted in limestone adjacent to a large intrusive and related dikes which underlies most of the area shown in the map above, including the approximately 500 meter unexplored gap between Zone 120 and El Cajón. Mineralization occurs in discreet horizons and lenses of tetrahedrite and chalcopyrite localized in structural traps created by dikes and contact irregularities of the intrusive. Additional drilling in 2017 is planned to extend and further define the mineralization as well as to support economic and technical studies aimed at evaluating potential development scenarios. The potential project will benefit from its close proximity to the San Rafael deposit, currently in development.
Drill core samples are prepared at the Company’s secure facility in Cosalá, Sinaloa. Assaying was done by Chemex Labs in Hermosillo, Mexico. The Company has a QA/QC program supervised by a Qualified Person.
About Americas Silver Corporation
Americas Silver is a silver mining company focused on growth in precious metals from its existing asset base and execution of targeted accretive acquisitions. It owns and operates the Cosalá Operations in Sinaloa, Mexico and the Galena Mine Complex in Idaho, USA. The Company has acquired an option on the San Felipe development project in Sonora, Mexico.
