Regency Silver Corp has announced drill results from a pair of follow-up holes at its Dios Padre property in Mexico.
The follow-up drill program, which began in January, intersects wide zones of gold and copper mineralization, the company said.
Hole REG-23-14 intersects 35.9 meters (m) of 5.51 grams per ton (g/t) of gold, including 29.4m of 6.32 g/t gold roughly 25m down-dip from hole REG-22-01. REG-23-15, which is about 65m down-dip from REG-23-14 and 90m down-dip from REG-22-01, intersects 128.35m of 0.84 g/t gold including 57.95m of 1.49 g/t gold and 32.5m of 2.23 g/t gold.
"In addition to the drill results, the IP survey has outlined a ~1,000m long by ~900m wide km wide anomaly of highly chargeable rock,” executive chairman Bruce Bragagnolo said in a statement. “All indications are that we are drilling into a large system."
All told, the follow-up drill program has seen seven holes completed totaling 4,250.85m of drilling. Notably, six of the seven successfully intersect the target pyrite-specularite-chalcopyrite supported breccia zone that hosts gold-copper mineralization. The eighth hole is currently drilling and targeting about 50m down dip from REG-23-19 on the section line 50m to the east of holes REG-22-01 and REG-23-13-15.
"The program at Dios Padre is shaping up in line with our elevated expectations. Intersecting extensions of the same zone in six of seven holes so far is allowing us to refine our model, said lead geologist Michael Tucker. “The system is clearly multi-stage with localized zones of high-grade [gold-copper] mineralization. With more data and the integration of the geophysics. we will be able to refine our targeting and vector in on the highest-grade portions of what is shaping up to be an extensive breccia system."
A full breakdown of the results can be found here.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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