Kuya Silver (CSE:KUYA) Launches Second Drill Program at Silver Kings Project, Ontario

Figure 1 – Geological setting of major rock units and structures compares to mines in the Silver Centre – Oxbow area superimposed on 2021 LiDAR hillshade topography. Source: Kuya Silver Corporation

Kuya Silver Corporation (CSE:KUYA) announced on Wednesday it would be commencing a new 2,000m+ drill program at the Silver Kings Joint Venture located in Northeastern Ontario. It will be part of the Company’s larger Silver Kings Project, located in the historical Cobalt silver mining camp. 

The drill program was created in order to test high-grade silver-cobalt veins whose depths were based on a number of statistics including 2021 field mapping and portable XRF analyses, soil sampling, and LiDAR lineament analysis, taking into consideration historical work and data. 

The program’s drill targets are mainly in the newly identified “Oxbow area” which is associated with the historic Silver Centre mining camp. The zone has not been thoroughly tested and is said to be a southern continuation of the mineralizing system from the mines at Silver Centre area according to Kuya. It produced more than 23 million ounces of silver between 1908 and 1965 from several historic mines including Keeley and Frontier. 

David Stein, Kuya President and CEO, said, “Based on Kuya’s work on the joint venture to date, we have identified the Oxbow target area as a priority for the potential discovery of multiple or clusters of high-grade silver veins. Our target is the potential for buried mineralization that was missed during the previous mining campaigns over the past 120 years.”

The involved drilling has a valid permit that will allow target structures to be intercepted, “along a plunge of mineralization, within 100 vertical meters of the Nipissing Diabase contacts in the historically named Productive Zone.” 

David Lewis, Exploration Director for Kuyra Silver, commented, “The major controls on silver-cobalt mineralization in the Cobalt and Silver Centre mining camps are 1) proximity to the upper and lower contacts of the Nipissing Diabase sill, in particular near flexures or folds in the sill, and 2) proximity to major structures, especially faults. 

At Silver Centre, the majority of mining and exploration was focused above the diabase; in contrast, in the main Cobalt mining camp to the north, including at Kuya’s 100%-owned Kerr Project, the bulk of economic mining was from below the diabase. We see a major opportunity to test below the diabase contacts near Silver Centre in this drill program.”

While the Silver Kings project in Ontario, Canada has received more attention, Kuya Silver also operates outside of Canada. The company has another current project, the Bethania Silver project. Bethania is located in Central Peru.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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