Past year: ▲ 177%(3.18 – 9.47 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Apr 2022drilling result▲ Good
Silver Sand drilling returned 86.03 metres at 229 g/t silver; all 2021 holes had been assayed and 13 of 48 holes from the 10,520 metres drilled so far in 2022, out of a planned 15,000 metres of step-out and infill work.
24 Feb 2022drilling result▲ GoodMajor
A 323 metre intercept grading 1.03 g/t gold and 12 g/t silver confirmed that the gold at Carangas is broad as well as deep; 25 of the 35 discovery holes had been assayed and every one had hit silver-rich material near surface.
14 Feb 2022drilling result▲ GoodMajor
Carangas turned out to have a gold zone underneath the silver: 148 metres at 78 g/t silver with 2.07% lead and zinc sitting on top of 95 metres at 1.14 g/t gold and 31 g/t silver. Seventeen of the 35 holes drilled in 2021 had been assayed.
14 Feb 2022resource reserve update● Neutral
Update on the Silver Sand economic study: the resource estimate is being rebuilt first, to take in Snake Hole and ground covered by the mining production contract, because 465 holes and 116,010 metres have now been drilled there against the 330 holes that went into the 2020 estimate. The study was pushed to the end of 2022 and a further specialist consultant was being appointed.
23 Nov 2021drilling result▲ Good
Five more holes extended the discovery into the Central Valley Zone at Carangas, the best being 176.77 metres at 94 g/t silver equivalent including 60.45 metres at 169 g/t; all eleven holes reported so far have hit broad silver-rich mineralisation.
2 Nov 2021drilling result▲ Good
Four more Carangas holes, all mineralised from surface: 228.3 metres at 73 g/t silver equivalent including 18.06 metres at 317 g/t, and 182.5 metres at 89 g/t including 37.2 metres at 249 g/t.
27 Oct 2021drilling progress report▲ Good
Brought in two more rigs at Carangas for a second phase of at least 7,500 metres by year end, on the strength of the first assays.
9 Sept 2021drilling result▲ GoodMajor
The first two holes at Carangas hit silver from surface: 187.7 metres at 101 g/t silver equivalent including 7.4 metres at 625 g/t, and 143.6 metres at 144 g/t including 26.2 metres at 589 g/t. Eleven more holes were still to be assayed, and this is the discovery that turns Carangas from a target into a project.
28 July 2021drilling progress report● NeutralMajor
Began a 38,000 metre drill program at the flagship Silver Sand project in Potosi, Bolivia, with about 80% of it aimed at expanding the existing resource, 5,000 metres testing for feeder zones, and geotechnical and continuity holes to support a first economic study of the deposit.
29 June 2021drilling progress report● Neutral
Started a first discovery drill program at the Carangas silver project in Oruro, Bolivia - about 20 holes and 3,000 metres in eight weeks, within a planned 5,000 metre programme - testing near-surface bulk-tonnage and high-grade vein targets around the historically mined West and East Domes.
