New Pacific Metals (TSX:NUAG) has announced the latest assay results of the 2022 drill program at its Carangas Silver-Gold Project, located in the Oruro Department of Bolivia. The company, along with its Bolivian partner, reported that assay results of all 115 drill holes drilled in 2022 have been received and released.
According to the detailed results and drill hole specifications listed in Tables 1 and 2, as well as in Figure 1, of the 29 holes, ten were deep holes drilled in different directions towards the Central Valley to define the limit of the gold mineralization system at depth. The drill results show that the gold system is open to the north and north-east directions with these targets currently being drill tested as part of the Company’s Q1 2023 drill program.
The remaining 19 holes were shallow and were drilled to define the near-surface silver mineralization. All nineteen holes intersected silver mineralization. These results demonstrate the significant potential of the Carangas Project for silver and gold mineralization.
In addition to the drilling activities, the results of an expanded 3D Bipole-Dipole IP-MT survey program completed in January 2023 have been received. The survey showed multiple chargeability anomalies outside the current area of drilling (seen in Figure 2). These new chargeability anomalies display a similar geophysical signature to those of the known silver-gold system and will be drill tested in future drilling campaigns.
The Carangas Project is a key project for New Pacific Metals Corp. and the latest assay results are an important milestone in the exploration and development of the project. With these positive results, the company is looking forward to future drilling campaigns and advancing the Carangas Project towards production.
Highlights from the results are as follows:
DCAr0112 intersected a gold mineralization interval of 306.95 m at depth from 359.55 m to 666.5 m, grading 1.2 g/t Au and 26 g/t Ag, including 31.78 m (411.65 m to 443.43 m) grading 122 g/t Ag, 4.11 g/t Au and 0.15% Cu, and near surface silver mineralization intervals of 41.03 m (55.97 m to 97 m) grading 54 g/t Ag, 0.25% Pb and 0.57% Zn, and 75.1 m (108.7 m to 183.8 m) grading 27 g/t Ag, 0.24%Pb and 0.65% Zn.
DCAr0104 intersected a gold mineralization interval of 328.3 m (233.75 m to 562.05 m) grading, 1.07 g/t Au, 20 g/t Ag ,0.14% Pb, 0.25% Zn and 0.14% copper (“Cu”), and a near surface silver-lead-zinc mineralization interval of 228.25 m (5.5 m to 233.75 m) grading 21 g/t silver (“Ag”), 0.54% lead (“Pb”) and 1.23% zinc (“Zn”), immediately followed by. Two more gold mineralization intervals intersected at further depth, 15.77 m (652.17 m to 667.94 m) grading 0.44 g/t Au and 0.12% Cu, and 252 m (693 m to 945 m) grading 0.45 g/t Au and 0.13% Cu.
DCAr0105 intersected a gold mineralization interval of 476.3 m (324.7 m to 801 m) grading 0.75g/t Au including 43.62 m (510.38 m to 554 m) grading 3.19 g/t Au, and a near surface silver-lead-zinc mineralization interval of 293.94 m (5.16 m to 299.1 m) grading 37 g/t Ag, 0.57% lead (“Pb”) and 1.3% zinc (“Zn”), including 38.99 m (5.16 m to 44.15 m) grading 134 g/t Ag, 1.48% Pb and 2.51% Zn.
Highlights of drill results for shallow holes
DCAr0141 intersected a near surface silver-lead-zinc mineralization interval of 110.15 m (5.85 m to 116 m) grading 136 g/t Ag and 0.96% Pb, including 6.92 m (30.73 m to 37.65 m) grading 693 g/t Ag and 1.71% Pb, and 24.63 m (59.87 m to 84.5 m) grading 197 g/t Ag and 2.14% Pb. Multiple historical underground mining voids for a total length of 16.39 m were intersected in this hole.
DCAr0128 intersected a near surface silver-lead-zinc mineralization interval of 78.3 m (7.7 m to 86 m) grading 104 g/t Ag, 0.74% Pb and 0.59% Zn including 33 m (30.5 m to 60.5 m) grading 226 g/t Ag, 1.47% Pb and 0.93% Zn. In addition, further down the hole to the end of hole, multiple shorter silver-lead-zinc mineralization intervals were intercepted.
DCAr0134 intersected 111.85 m (114.4 m to 226.25 m) grading 52 g/t Ag, 0.25% Pb and 0.59% Zn including 17.94 m (198.96 m to 216.9 m) grading 197 g/t Ag, 0.49% Pb and 0.91% Zn.
Update on Q1 2023 Resource Drill Program
The Company’s 2023 15,000 m drill program at Carangas is close to being completed. The results from this drill program, together with the results from 2021 and 2022 drilling, will be used to estimate an inaugural mineral resource to be completed in the second quarter of 2023.
Expanded IP survey program
A pilot 3D Bipole-Dipole IP-MT survey program was completed in the drilled area of West Dome-Central Valley-East Dome in September 2022 (refer to the Company’s news release dated on November 14, 2022), revealing that the blind gold mineralization system at the Central Valley overlays the strongest chargeability anomaly under the young sediments of the Central Valley.
Encouraged by the success of the pilot 3D Bipole-Dipole IP-MT survey program, an expanded 3D Bipole-Dipole IP-MT survey program was carried out at Carangas by Southern Rock Geophysics S.A. of Chile from November 2022 to January 2023. This expanded IP program covers the entire Carangas Basin of 29 square kilometers, which is mostly covered by young sediments.
Multiple high chargeability anomalies with a similar signature to that of the Central Velley were identified in the expanded area outside of the drilled area (Figure 2). These new anomalies generally have weak or no chargeability response near surface, but high chargeability starts to show from 200 m depth to more than 800 m depth from surface. These deep high chargeability anomalies may be related to sulfide mineralization at depth, which may be related to rhyolite intrusive bodies, like those seen in the Central Valley. These anomalies, such as those to the north of the Central Valley (Figure 2), will be drill targets in future exploration programs.
Table 1 Summary of Drill Intercepts | ||||||||||
Hole_ID | Form | To | Length_m | Ag_g/t | Au_g/t | Pb_% | Zn_% | Cu_% | AgEq_g/t | |
DCAr0071 | 33.22 | 44.35 | 11.13 | 16 | 0.01 | 0.10 | 0.36 | 0.01 | 32 | |
70.58 | 82.79 | 12.21 | 22 | 0.10 | 0.27 | 0.01 | 34 | |||
94.23 | 164.40 | 70.17 | 29 | 0.01 | 0.24 | 0.54 | 0.01 | 55 | ||
175.70 | 191.33 | 15.63 | 18 | 0.03 | 0.18 | 0.35 | 37 | |||
211.83 | 220.36 | 8.53 | 61 | 0.58 | 0.36 | 0.62 | 0.01 | 135 | ||
263.98 | 278.90 | 14.92 | 5 | 0.02 | 0.32 | 0.52 | 0.01 | 34 | ||
286.64 | 290.00 | 3.36 | 11 | 0.62 | 0.84 | 1.55 | 0.01 | 132 | ||
306.30 | 310.17 | 3.87 | 10 | 0.12 | 0.93 | 1.85 | 107 | |||
316.71 | 326.80 | 10.09 | 6 | 0.08 | 0.50 | 0.83 | 54 | |||
338.35 | 345.70 | 7.35 | 7 | 0.06 | 0.48 | 0.84 | 0.01 | 55 | ||
374.70 | 391.10 | 16.40 | 5 | 0.09 | 0.24 | 0.43 | 0.04 | 37 | ||
405.80 | 409.64 | 3.84 | 4 | 0.04 | 0.38 | 0.86 | 0.02 | 49 | ||
415.85 | 422.97 | 7.12 | 5 | 0.08 | 0.47 | 0.87 | 0.01 | 55 | ||
439.62 | 449.24 | 9.62 | 3 | 0.08 | 0.35 | 0.53 | 37 | |||
485.10 | 529.44 | 44.34 | 2 | 0.16 | 0.08 | 0.77 | 42 | |||
548.00 | 614.43 | 66.43 | 3 | 0.03 | 0.12 | 0.65 | 0.01 | 31 | ||
634.80 | 650.24 | 15.44 | 3 | 0.11 | 0.09 | 0.44 | 0.03 | 31 | ||
671.40 | 684.60 | 13.20 | 6 | 0.19 | 0.01 | 0.07 | 0.15 | 38 | ||
709.76 | 735.78 | 26.02 | 5 | 0.01 | 0.05 | 1.13 | 0.07 | 52 | ||
825.75 | 843.70 | 17.95 | 13 | 0.18 | 0.49 | 0.02 | 0.36 | 78 | ||
861.50 | 870.40 | 8.90 | 6 | 0.41 | 0.01 | 0.01 | 36 | |||
892.21 | 915.80 | 23.59 | 7 | 0.52 | 0.01 | 0.01 | 0.08 | 53 | ||
983.18 | 996.57 | 13.39 | 7 | 0.15 | 0.01 | 0.33 | 52 | |||
1047.82 | 1055.00 | 7.18 | 4 | 0.18 | 0.01 | 0.14 | 32 | |||
1067.00 | 1079.85 | 12.85 | 6 | 0.10 | 0.01 | 0.01 | 0.20 | 35 | ||
1090.48 | 1100.00 | 9.52 | 3 | 0.04 | 0.01 | 0.19 | 25 | |||
DCAr0104 | 5.50 | 233.75 | 228.25 | 21 | 0.05 | 0.54 | 1.23 | 0.02 | 83 | |
233.75 | 562.05 | 328.30 | 20 | 1.07 | 0.14 | 0.25 | 0.14 | 123 | ||
652.17 | 667.94 | 15.77 | 3 | 0.44 | 0.01 | 0.03 | 0.12 | 48 | ||
693.00 | 945.00 | 252.00 | 3 | 0.45 | 0.01 | 0.13 | 49 | |||
957.30 | 1018.96 | 61.66 | 5 | 0.07 | 0.01 | 0.20 | 31 | |||
DCAr0105 | 5.16 | 299.10 | 293.94 | 37 | 0.08 | 0.57 | 1.30 | 0.03 | 106 | |
incl. | 5.16 | 44.15 | 38.99 | 134 | 0.01 | 1.48 | 2.51 | 0.01 | 262 | |
324.70 | 801.00 | 476.30 | 4 | 0.75 | 0.02 | 0.08 | 0.07 | 68 | ||
incl. | 510.38 | 554.00 | 43.62 | 6 | 3.19 | 0.02 | 0.04 | 0.10 | 245 | |
DCAr0112 | 55.97 | 97.00 | 41.03 | 54 | 0.01 | 0.25 | 0.57 | 0.01 | 81 | |
108.70 | 183.80 | 75.10 | 27 | 0.01 | 0.24 | 0.65 | 0.02 | 58 | ||
195.40 | 215.44 | 20.04 | 6 | 0.11 | 0.60 | 0.58 | 51 | |||
247.66 | 309.78 | 62.12 | 4 | 0.12 | 0.10 | 0.28 | 0.03 | 28 | ||
359.55 | 666.50 | 306.95 | 26 | 1.19 | 0.03 | 0.07 | 0.06 | 120 | ||
incl. | 411.65 | 443.43 | 31.78 | 122 | 4.11 | 0.09 | 0.14 | 0.15 | 437 | |
694.98 | 722.50 | 27.52 | 2 | 0.18 | 0.00 | 0.25 | 24 | |||
750.00 | 775.00 | 25.00 | 5 | 0.17 | 0.06 | 0.78 | 0.04 | 49 | ||
DCAr0114 | 0.00 | 119.70 | 119.70 | 42 | 0.60 | 1.22 | 0.01 | 101 | ||
135.50 | 141.35 | 5.85 | 22 | 0.07 | 0.23 | 32 | ||||
148.45 | 173.80 | 25.35 | 30 | 0.14 | 0.33 | 0.01 | 46 | |||
188.29 | 195.30 | 7.01 | 36 | 0.08 | 0.17 | 44 | ||||
206.90 | 212.20 | 5.30 | 49 | 0.02 | 0.12 | 0.26 | 0.01 | 63 | ||
230.90 | 262.34 | 31.44 | 8 | 0.03 | 0.32 | 0.73 | 0.01 | 45 | ||
313.00 | 350.18 | 37.18 | 2 | 0.02 | 0.16 | 0.47 | 0.01 | 25 | ||
358.65 | 382.64 | 23.99 | 5 | 0.30 | 0.12 | 0.64 | 0.07 | 59 | ||
395.48 | 458.67 | 63.19 | 4 | 0.07 | 0.20 | 0.63 | 0.03 | 38 | ||
468.70 | 528.43 | 59.73 | 10 | 0.31 | 0.08 | 0.20 | 0.06 | 47 | ||
539.91 | 548.60 | 8.69 | 5 | 0.39 | 0.05 | 0.24 | 0.08 | 50 | ||
558.40 | 562.65 | 4.25 | 4 | 0.68 | 0.02 | 0.11 | 0.05 | 61 | ||
571.18 | 576.90 | 5.72 | 4 | 0.02 | 0.35 | 0.88 | 0.01 | 45 | ||
591.30 | 623.70 | 32.40 | 3 | 0.12 | 0.13 | 0.72 | 0.01 | 41 | ||
646.09 | 648.94 | 2.85 | 0 | 2.47 | 0.00 | 0.03 | 177 | |||
666.50 | 678.43 | 11.93 | 2 | 0.34 | 0.00 | 0.01 | 0.11 | 38 | ||
684.20 | 706.85 | 22.65 | 2 | 0.49 | 0.01 | 0.01 | 0.03 | 41 | ||
713.92 | 824.20 | 110.28 | 4 | 0.98 | 0.01 | 0.01 | 0.17 | 92 | ||
840.00 | 854.00 | 14.00 | 10 | 0.67 | 0.01 | 0.01 | 0.45 | 105 | ||
DCAr0117 | 45.18 | 137.96 | 92.78 | 23 | 0.03 | 0.31 | 0.64 | 0.04 | 60 | |
147.62 | 169.35 | 21.73 | 6 | 0.11 | 0.12 | 0.50 | 0.07 | 42 | ||
188.86 | 347.22 | 158.36 | 11 | 0.51 | 0.19 | 0.18 | 0.06 | 64 | ||
382.78 | 426.00 | 43.22 | 17 | 0.95 | 0.03 | 0.07 | 0.10 | 97 | ||
457.70 | 480.63 | 22.93 | 11 | 0.49 | 0.03 | 0.12 | 0.08 | 59 | ||
496.48 | 507.00 | 10.52 | 8 | 0.28 | 0.02 | 0.08 | 0.05 | 36 | ||
529.75 | 649.81 | 120.06 | 8 | 0.68 | 0.01 | 0.08 | 0.06 | 66 | ||
714.69 | 732.50 | 17.81 | 7 | 0.06 | 0.25 | 0.87 | 0.23 | 71 | ||
DCAr0123 | 54.76 | 115.90 | 61.14 | 31 | 0.04 | 0.28 | 0.99 | 0.05 | 81 | |
124.50 | 284.32 | 159.82 | 11 | 0.11 | 0.42 | 0.97 | 0.05 | 68 | ||
330.13 | 393.67 | 63.54 | 14 | 0.60 | 0.03 | 0.12 | 0.02 | 63 | ||
417.59 | 434.12 | 16.53 | 12 | 0.20 | 0.06 | 0.17 | 0.22 | 56 | ||
487.45 | 502.30 | 14.85 | 2 | 0.11 | 0.05 | 0.35 | 0.03 | 27 | ||
513.42 | 517.55 | 4.13 | 9 | 2.58 | 0.12 | 1.23 | 0.01 | 237 | ||
544.75 | 548.91 | 4.16 | 5 | 0.22 | 0.85 | 1.19 | 0.00 | 85 | ||
574.77 | 577.43 | 2.66 | 4 | 0.29 | 0.37 | 0.99 | 0.02 | 71 | ||
590.38 | 597.14 | 6.76 | 3 | 0.11 | 0.36 | 0.90 | 0.01 | 53 | ||
DCAr0126 | 19.10 | 188.06 | 168.96 | 40 | 0.37 | 1.19 | 0.01 | 92 | ||
incl. | 31.20 | 58.07 | 26.87 | 120 | 0.99 | 4.03 | 0.04 | 288 | ||
196.70 | 201.05 | 4.35 | 14 | 0.04 | 0.26 | 0.57 | 0.00 | 43 | ||
223.30 | 229.18 | 5.88 | 3 | 0.05 | 0.37 | 0.76 | 0.00 | 43 | ||
238.00 | 296.43 | 58.43 | 5 | 0.02 | 0.34 | 0.71 | 0.00 | 40 | ||
395.95 | 491.00 | 95.05 | 3 | 0.09 | 0.14 | 0.52 | 0.03 | 34 | ||
522.97 | 545.15 | 22.18 | 9 | 0.22 | 0.05 | 0.30 | 0.12 | 48 | ||
568.00 | 579.17 | 11.17 | 8 | 0.68 | 0.07 | 0.35 | 0.01 | 71 | ||
589.15 | 601.00 | 11.85 | 13 | 0.81 | 0.00 | 0.04 | 0.08 | 80 | ||
627.03 | 629.95 | 2.92 | 2 | 1.02 | 0.00 | 0.03 | 0.03 | 78 | ||
638.41 | 646.85 | 8.44 | 11 | 1.06 | 0.00 | 0.01 | 0.09 | 97 | ||
699.00 | 848.00 | 149.00 | 3 | 0.80 | 0.00 | 0.02 | 0.09 | 70 | ||
DCAr0128 | 7.70 | 86.00 | 78.30 | 104 | 0.74 | 0.59 | 0.01 | 146 | ||
incl. | 30.50 | 63.50 | 33.00 | 226 | 1.47 | 0.93 | 0.01 | 301 | ||
100.80 | 103.80 | 3.00 | 9 | 0.13 | 1.59 | 0.01 | 66 | |||
120.00 | 148.80 | 28.80 | 17 | 0.17 | 0.62 | 43 | ||||
179.87 | 209.93 | 30.06 | 7 | 0.17 | 0.51 | 0.02 | 32 | |||
220.31 | 228.40 | 8.09 | 114 | 0.87 | 0.58 | 0.01 | 159 | |||
236.86 | 243.30 | 6.44 | 31 | 0.50 | 0.68 | 0.01 | 69 | |||
263.80 | 278.05 | 14.25 | 31 | 0.20 | 0.33 | 48 | ||||
282.55 | 288.55 | 6.00 | 3 | 0.57 | 0.41 | 34 | ||||
DCAr0131 | 70.18 | 75.89 | 5.71 | 66 | 0.04 | 0.19 | 68 | |||
96.79 | 133.20 | 36.41 | 51 | 0.86 | 0.59 | 0.03 | 81 | |||
146.13 | 159.74 | 13.61 | 45 | 0.13 | 0.17 | 0.01 | 50 | |||
212.00 | 239.80 | 27.80 | 32 | 0.36 | 0.65 | 0.01 | 47 | |||
257.20 | 262.50 | 5.30 | 38 | 0.77 | 0.82 | 63 | ||||
DCAr0132 | 35.50 | 128.56 | 93.06 | 28 | 0.11 | 0.40 | 0.93 | 0.05 | 83 | |
140.57 | 148.80 | 8.23 | 5 | 0.03 | 0.19 | 0.70 | 0.03 | 39 | ||
176.15 | 265.52 | 89.37 | 10 | 0.41 | 0.29 | 0.39 | 0.06 | 67 | ||
288.29 | 293.80 | 5.51 | 4 | 0.52 | 0.04 | 0.04 | 0.03 | 47 | ||
314.60 | 401.48 | 86.88 | 7 | 0.41 | 0.04 | 0.30 | 0.04 | 51 | ||
420.23 | 435.80 | 15.57 | 12 | 0.24 | 0.07 | 0.53 | 0.07 | 56 | ||
448.15 | 474.77 | 26.62 | 4 | 0.37 | 0.04 | 0.08 | 0.01 | 35 | ||
500.50 | 504.50 | 4.00 | 4 | 0.86 | 0.05 | 0.08 | 0.04 | 74 | ||
518.70 | 552.80 | 34.10 | 3 | 1.32 | 0.02 | 0.07 | 0.02 | 102 | ||
566.18 | 587.45 | 21.27 | 9 | 0.30 | 0.03 | 0.26 | 0.03 | 42 | ||
617.62 | 647.80 | 30.18 | 2 | 0.36 | 0.11 | 0.29 | 0.00 | 41 | ||
689.95 | 740.00 | 50.05 | 2 | 0.21 | 0.04 | 0.34 | 0.01 | 30 | ||
DCAr0133 | 13.50 | 20.50 | 7.00 | 64 | 0.31 | 0.13 | 77 | |||
77.00 | 79.60 | 2.60 | 29 | 0.61 | 1.04 | 82 | ||||
104.95 | 112.21 | 7.26 | 16 | 0.43 | 1.20 | 0.01 | 70 | |||
122.22 | 185.26 | 63.04 | 26 | 0.13 | 0.47 | 0.01 | 47 | |||
196.78 | 225.40 | 28.62 | 15 | 0.22 | 0.51 | 0.04 | 42 | |||
259.70 | 261.00 | 1.30 | 174 | 0.13 | 0.38 | 0.05 | 195 | |||
273.38 | 277.26 | 3.88 | 39 | 0.10 | 0.29 | 51 | ||||
310.00 | 311.30 | 1.30 | 1200 | 3.64 | 2.94 | 0.04 | 1408 | |||
DCAr0134 | 3.03 | 40.60 | 37.57 | 11 | 0.43 | 0.14 | 28 | |||
114.40 | 226.25 | 111.85 | 52 | 0.25 | 0.59 | 0.01 | 80 | |||
incl. | 198.96 | 216.90 | 17.94 | 197 | 0.49 | 0.91 | 0.04 | 245 | ||
DCAr0135 | 32.20 | 35.79 | 3.59 | 35 | 0.15 | 0.01 | 40 | |||
47.00 | 54.00 | 7.00 | 21 | 0.36 | 0.01 | 0.01 | 32 | |||
70.27 | 89.00 | 18.73 | 13 | 0.40 | 0.01 | 0.01 | 27 | |||
169.00 | 187.72 | 18.72 | 4 | 0.09 | 0.71 | 0.01 | 31 | |||
DCAr0136 | 1.15 | 28.00 | 26.85 | 115 | 0.36 | 0.16 | 0.01 | 132 | ||
59.50 | 63.99 | 4.49 | 92 | 0.10 | 0.13 | 0.01 | 100 | |||
130.43 | 133.16 | 2.73 | 78 | 0.13 | 0.20 | 88 | ||||
DCAr0137 | 1.28 | 11.50 | 10.22 | 14 | 0.48 | 0.04 | 0.01 | 30 | ||
25.33 | 35.80 | 10.47 | 19 | 0.21 | 0.02 | 26 | ||||
70.86 | 113.30 | 42.44 | 5 | 0.19 | 1.52 | 0.01 | 63 | |||
144.58 | 145.90 | 1.32 | 117 | 0.39 | 0.75 | 0.02 | 155 | |||
DCAr0138 | 36.50 | 99.00 | 62.50 | 33 | 0.02 | 0.37 | 1.33 | 0.02 | 92 | |
125.00 | 403.28 | 278.28 | 6 | 0.13 | 0.30 | 0.80 | 0.02 | 52 | ||
450.40 | 530.49 | 80.09 | 4 | 0.81 | 0.06 | 0.23 | 0.04 | 74 | ||
546.47 | 571.00 | 24.53 | 2 | 0.61 | 0.02 | 0.03 | 0.05 | 52 | ||
648.05 | 902.00 | 253.95 | 11 | 1.00 | 0.01 | 0.07 | 0.03 | 87 | ||
DCAr0139 | 6.20 | 7.40 | 1.20 | 89 | 0.14 | 0.08 | 96 | |||
14.10 | 35.92 | 21.82 | 12 | 0.28 | 0.23 | 28 | ||||
44.20 | 81.80 | 37.60 | 31 | 0.22 | 0.71 | 0.01 | 62 | |||
143.25 | 149.00 | 5.75 | 12 | 0.26 | 0.47 | 35 | ||||
158.67 | 208.09 | 49.42 | 17 | 0.24 | 0.72 | 0.01 | 49 | |||
231.50 | 253.20 | 21.70 | 34 | 0.26 | 0.28 | 0.02 | 52 | |||
292.60 | 298.72 | 6.12 | 30 | 0.07 | 0.11 | 36 | ||||
DCAr0140 | 2.79 | 5.66 | 2.87 | 64 | 0.06 | 0.20 | 73 | |||
12.96 | 24.00 | 11.04 | 41 | 0.53 | 0.18 | 0.01 | 63 | |||
107.79 | 189.00 | 81.21 | 54 | 0.23 | 0.43 | 0.01 | 75 | |||
211.32 | 239.30 | 27.98 | 65 | 0.43 | 0.66 | 0.01 | 101 | |||
298.92 | 302.45 | 3.53 | 222 | 0.85 | 1.79 | 0.01 | 307 | |||
DCAr0141 | 5.85 | 116.00 | 110.15 | 136 | 0.96 | 0.02 | 165 | |||
incl. | 30.73 | 37.65 | 6.92 | 693 | 1.71 | 0.02 | 0.01 | 744 | ||
incl. | 59.87 | 84.5 | 24.63 | 197 | 2.14 | 0.01 | 0.01 | 260 | ||
DCAr0142 | 2.75 | 57.65 | 54.90 | 37 | 0.23 | 0.14 | 49 | |||
68.64 | 72.05 | 3.41 | 61 | 0.24 | 0.13 | 73 | ||||
122.00 | 218.70 | 96.70 | 36 | 0.15 | 0.25 | 49 | ||||
incl. | 126.48 | 131.40 | 4.92 | 280 | 0.27 | 0.28 | 0.01 | 299 | ||
233.00 | 268.20 | 35.20 | 128 | 0.22 | 0.10 | 0.01 | 139 | |||
incl. | 252.00 | 260.70 | 8.70 | 458 | 0.65 | 0.09 | 0.04 | 484 | ||
DCAr0143 | 2.00 | 53.40 | 51.40 | 32 | 0.30 | 0.13 | 46 | |||
160.01 | 209.62 | 49.61 | 70 | 0.16 | 0.34 | 86 | ||||
252.52 | 270.60 | 18.08 | 67 | 0.20 | 0.33 | 0.01 | 85 | |||
278.00 | 279.33 | 1.33 | 420 | 0.74 | 0.09 | 0.04 | 449 | |||
291.00 | 299.62 | 8.62 | 59 | 0.11 | 0.15 | 68 | ||||
DCAr0144 | 17.10 | 45.92 | 28.82 | 98 | 0.31 | 0.26 | 0.01 | 117 | ||
174.00 | 204.25 | 30.25 | 83 | 0.42 | 0.46 | 0.01 | 111 | |||
221.70 | 242.35 | 20.65 | 21 | 0.33 | 0.29 | 0.01 | 41 | |||
250.78 | 281.00 | 30.22 | 54 | 0.08 | 0.10 | 0.01 | 60 | |||
DCAr0145 | 2.24 | 86.70 | 84.46 | 25 | 0.51 | 0.43 | 0.01 | 55 | ||
107.30 | 203.40 | 96.10 | 35 | 0.24 | 0.40 | 0.01 | 57 | |||
incl. | 147.93 | 157.20 | 9.27 | 173 | 0.80 | 0.77 | 0.07 | 230 | ||
DCAr0146 | 5.00 | 7.30 | 2.30 | 91 | 0.14 | 0.06 | 0.01 | 98 | ||
14.99 | 56.18 | 41.19 | 15 | 0.66 | 0.16 | 40 | ||||
111.57 | 122.15 | 10.58 | 25 | 0.20 | 0.37 | 0.01 | 44 | |||
130.54 | 143.00 | 12.46 | 12 | 0.19 | 0.41 | 0.01 | 32 | |||
154.70 | 169.64 | 14.94 | 102 | 0.14 | 0.11 | 0.01 | 110 | |||
190.75 | 245.95 | 55.20 | 20 | 0.20 | 0.39 | 0.01 | 39 | |||
263.20 | 304.60 | 41.40 | 7 | 0.27 | 0.40 | 29 | ||||
DCAr0147 | 2.60 | 29.43 | 26.83 | 26 | 0.56 | 0.17 | 35 | |||
157.72 | 172.27 | 14.55 | 32 | 0.32 | 0.30 | 0.01 | 52 | |||
189.71 | 190.90 | 1.19 | 156 | 0.98 | 0.23 | 0.03 | 195 | |||
198.39 | 221.00 | 22.61 | 16 | 0.39 | 0.16 | 0.01 | 34 | |||
227.00 | 239.95 | 12.95 | 10 | 0.78 | 0.20 | 0.01 | 40 | |||
248.80 | 253.90 | 5.10 | 43 | 0.15 | 0.16 | 0.01 | 54 | |||
264.00 | 274.50 | 10.50 | 83 | 0.11 | 0.19 | 0.02 | 94 | |||
DCAr0148 | 1.54 | 45.50 | 43.96 | 99 | 0.44 | 0.12 | 116 | |||
128.57 | 130.00 | 1.43 | 148 | 0.07 | 0.12 | 154 | ||||
140.50 | 161.00 | 20.50 | 56 | 0.16 | 0.46 | 0.01 | 77 | |||
201.74 | 210.50 | 8.76 | 26 | 0.39 | 0.59 | 0.05 | 62 | |||
222.50 | 235.57 | 13.07 | 104 | 0.44 | 0.13 | 0.02 | 123 | |||
241.65 | 247.43 | 5.78 | 31 | 0.28 | 0.15 | 0.01 | 46 | |||
DCAr0149 | 52.91 | 108.56 | 55.65 | 5 | 1.07 | 0.47 | 0.02 | 54 | ||
DCAr0150 | 14.45 | 25.90 | 11.45 | 14 | 0.45 | 0.07 | 0.01 | 30 | ||
34.52 | 40.90 | 6.38 | 10 | 0.33 | 0.10 | 0.01 | 24 | |||
53.53 | 56.15 | 2.62 | 29 | 0.65 | 0.23 | 0.01 | 56 | |||
127.49 | 155.00 | 27.51 | 5 | 0.30 | 0.97 | 47 |
Notes: |
1. Drill location, altitude, azimuth, and dip of drill holes are provided in Table 2 |
2. Drill intercept is core length, and grade is length weighted. True width of mineralization is unknown due to early stage of exploration without adequate drill data. |
3. Calculation of silver equivalent (“AgEq”) is based on the long-term median of the August 2021 Street Consensus Commodity Price Forecasts, which are US$22.50/oz for Ag, US$0.95/lb for Pb, US$1.10/lb for Zn, US$3.40/lb for Cu, and US$1,600/oz for Au. The formula used for the AgEq calculation is as follows: AgEq = Ag g/t + Pb g/t * 0.0029 + Zn g/t * 0.00335 + Cu g/t * 0.01036 + Au g/t * 71.1111. This calculation assumes 100% recovery. |
4. A cut-off of 20 g/t AgEq is applied to calculate the length-weighted intercept. At times, samples lower than 20 g/t AgEq may be included in the calculation of consolidation of mineralized intercepts. |
Table 2 Summary of Drill Holes of Carangas Project | |||||||
Hole_id | Easting | Northing | Altitude | Depth_m | Azimuth (°) | Dip (°) | Target |
DCAr0071 | 538895.96 | 7905008.03 | 3906.95 | 1100.00 | 20 | -70 | |
DCAr0104 | 539029.50 | 7905086.20 | 3904.89 | 1026.00 | 20 | -70 | CV |
DCAr0105 | 538960.67 | 7905391.94 | 3916.03 | 902.00 | 130 | -72 | CV |
DCAr0112 | 539352.10 | 7905487.62 | 3909.28 | 908.00 | 252 | -67 | CV |
DCAr0114 | 538973.57 | 7905514.92 | 3947.33 | 854.00 | 140 | -75 | CV |
DCAr0117 | 539043.40 | 7905263.38 | 3905.53 | 800.00 | 20 | -70 | CV |
DCAr0123 | 539053.90 | 7905297.60 | 3905.74 | 668.00 | 20 | -64 | CV |
DCAr0126 | 539033.23 | 7905528.51 | 3933.07 | 848.00 | 132 | -79 | CV |
DCAr0128 | 539369.89 | 7905286.72 | 3930.55 | 301.00 | 20 | -45 | ED |
DCAr0131 | 539364.20 | 7905116.80 | 3923.63 | 300.00 | 20 | -45 | ED |
DCAr0132 | 538979.50 | 7905241.33 | 3905.14 | 740.00 | 27 | -70 | CV |
DCAr0133 | 539386.84 | 7905335.33 | 3927.33 | 320.00 | 20 | -45 | ED |
DCAr0134 | 539400.26 | 7905373.68 | 3934.41 | 296.00 | 20 | -45 | ED |
DCAr0135 | 538799.93 | 7905467.20 | 4003.26 | 250.00 | 200 | -45 | WD |
DCAr0136 | 539436.46 | 7905470.89 | 3926.88 | 206.00 | 20 | -45 | ED |
DCAr0137 | 538834.77 | 7905615.12 | 4036.77 | 200.00 | 54 | -40 | WD |
DCAr0138 | 539133.86 | 7905074.84 | 3906.25 | 920.00 | 20 | -66 | CV |
DCAr0139 | 539436.36 | 7905310.09 | 3950.19 | 300.00 | 20 | -45 | ED |
DCAr0140 | 539441.10 | 7905194.65 | 3947.27 | 325.00 | 20 | -45 | ED |
DCAr0141 | 538780.93 | 7905611.80 | 4040.87 | 242.00 | 165 | -40 | WD |
DCAr0142 | 539462.93 | 7905395.94 | 3944.99 | 302.00 | 20 | -45 | ED |
DCAr0143 | 539492.94 | 7905329.81 | 3956.96 | 314.00 | 20 | -45 | ED |
DCAr0144 | 539497.70 | 7905209.54 | 3964.78 | 311.00 | 20 | -45 | ED |
DCAr0145 | 538780.49 | 7905615.05 | 4041.22 | 218.00 | 42 | -40 | WD |
DCAr0146 | 539403.97 | 7905093.67 | 3933.66 | 320.00 | 20 | -45 | ED |
DCAr0147 | 539478.82 | 7905140.94 | 3961.05 | 300.00 | 20 | -45 | ED |
DCAr0148 | 539491.60 | 7905329.30 | 3956.95 | 250.00 | 74 | -45 | ED |
DCAr0149 | 538785.39 | 7905659.65 | 4053.76 | 161.00 | 62 | -40 | WD |
DCAr0150 | 539561.94 | 7905082.60 | 3984.52 | 299.00 | 20 | -45 | ED |
Note: | 1. Drill collar coordinate system is WGS1984 UTM Zone 19S | ||||||
2. Coordinate of drill collar is picked with Real Time Kinematics (RTK) GPS | |||||||
3. CV – Central Valley; WD – West Dome; ED – East Dome |
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