E2 Metals Ltd (ASX:E2M) has resumed drilling following the Christmas-New Year break at the Conserrat project, a recent gold and silver discovery in Santa Cruz province of Argentina.
The company has moved two drills to the site including a diamond reverse circulation (RC) rigs.
Drilling will begin at the Mia prospect to test a new gold and silver zone discovered late last year and which returned 4.1 metres at 1 g/t gold and 644g/t silver from 175 metres.
“Pleased to be back in the field”
E2 Metals managing director Todd Williams said: “We are pleased to be back in the field following the Christmas break and look forward to further drilling at the new mineralised gold and silver zone discovered in hole DDH-MI20-065 late last year.
“The company is well funded for 2021 and is focused on making new discoveries at Mia and elsewhere within the project.”
Conserrat project
Conserrat is host to a new greenfields gold and silver discovery centred 25 kilometres along with trend from AngloGold Ashanti’s Cerro Vanguardia mine.
Mineralisation is interpreted to be a new mineralised shoot that is open in all directions.
Electrical Tomography (ET) geophysical surveying has been completed at the Patricia prospect and has defined several Mia-type targets for scout RC drill testing.
Gold and silver assays for holes at Florencia and Emilia Este have been delayed due to Christmas closures but are anticipated to be received in mid-January.
Upcoming plans
Systematic regional exploration has resumed at Conserrat with additional geophysical surveys and surface sampling planned for the current quarter.
The work program will initially comprise follow-up drilling at the Mia prospect to test a new gold and silver zone discovered at depth beneath known high-grade mineralisation.
Preliminary interpretation indicates that high-grade silver mineralisation intersected in DDH-MI20-065 relates to a second mineralised shoot at the intersection of the Lara Vein with a separate strike-parallel structure.
This shoot is interpreted to be distinct from shallow high-grade mineralisation discovered in October last year.
Drilling activities
Initially, three diamond drill holes for 775 metres are planned to test the new gold and silver zone on a 75 metre by 50-metre grid, with the view to provide a preliminary interpretation on the extent and plunge of mineralisation to inform future infill drilling.
RC drilling will also be completed early in the program at Patricia prospect to test the north-western extension of two mineralised structures identified from an ET survey completed late last year.