Golden Tag Resources Ltd. (TSX-V:GOG, OTCQB:GTAGF) announced complete results from diamond drill hole 22-64 at its 100% owned San Diego project in Mexico, which included 60 grams per tonne (g/t) silver equivalent over 73.5 metres (m) starting from surface.
The company said the results, part of an exploration program targeting bulk-tonnage mineralization, further highlight the opportunity for open pit style mineralization located directly above the Fernandez Zone.
“The results from hole 22-64, when combined with five other historic holes within a 100m proximity (06-09, 06-10, 07-24, 20-51 and 21-57), demonstrate mineralization occurs over several broad intervals within the first 300m from surface,” Golden Tag Resources CEO Greg McKenzie said in a statement.
READ: Golden Tag Resources hits high-grade silver equivalent mineralization at its San Diego project in Mexico
“This type of mineralization was previously neither identified nor understood,” McKenzie added.
Golden Tag noted that it is planning to conduct follow-up drilling to better understand the orientation and continuity of the potential open pit style mineralization within proximity of the 57 Target Area.
Toronto-based Golden Tag Resources considers its San Diego project to be one of Mexico’s largest undeveloped silver assets, with an estimated Indicated resource of 31.6 million silver ounces at an average grade of 60 g/t and 438 million pounds of zinc, along with an Inferred silver resource of 83.8 million ounces at 62 g/t and 1.2 billion pounds of zinc. The resource estimate, completed in 2013, is based on 59 holes totaling 33,000m.
Contact Sean at sean@proactiveinvestors.com