E2 Metals (ASX:E2M) - Managing Director, Todd Williams
Managing Director, Todd Williams
Source: E2 Metals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • E2 Metals (E2M) has provided a drilling update and announced the appointment of a new Chairperson
  • Bringing over 25 years’ experience, Brad Evans will replace current Chairperson Melanie Leydin, effective immediately
  • Evans will pay a key role in advancing E2’s Conserrat gold and silver project
  • Positively, extensional drilling at the Argentinian project intersected gold and silver mineralisation 150 metres northwest of the Lara Vein structure
  • E2 Metals believes this highlights the potential for additional mineralised zones along the northwest host structure
  • With two rigs now onsite, the company will continue regional exploration and extensional drilling and remains well funded to do so
  • E2’s shares ended the day 10 per cent in the red, to close at 31.5 cents

E2 Metals (E2M) has updated the market on drilling at the Conserrat gold and silver project in Argentina’s Santa Cruz province.

The company has also appointed a new Non-Executive Chairperson.

Chair appointment

Brad Evans will replace current Chairperson Melanie Leydin, effective immediately.

Evans brings over 25 years’ experience in the minerals industry and has held held numerous leadership positions.

“We are excited to welcome Brad to the Board of E2 Metals at this important
juncture in the company’s history as we advance the company’s flagship Conserrat gold and silver project in Argentina,” Melanie said.

Drilling

Since the last update, E2 had drilled another 11 holes, for almost 2000 metres, within the Mia area to target mineralisation extensions within and, adjacent to, the Lara Vein.

Extensional drilling intersected significant gold and silver mineralisation about 150 metres northwest of the Lara Vein structure.

Pleasingly, this drilling intersected 7.3 metres at 3.2g/t gold and 444g/t silver (9.6g/t gold equivalent) from 67.1 metres including three metres at 7.5g/t gold and 532g/t silver (15g/t gold equivalent) from 71.4 metres.

“The discovery of high-grade gold and silver mineralisation 150 metres northwest of Mia is significant and highlights the potential for additional zones of mineralisation along the northwest host structure,” Managing Director Todd Williams said.

Another hole returned a wide zone of high-grade mineralisation that remains open at depth.

Results include 9.8 metres at 12.8g/t gold and 382g/t silver (18.3g/t gold equivalent) from 45 metres including 2.6 metres at 42g/t gold and 1164g/t silver (59g/t gold equivalent) from 50.1 metres.

Additionally, four other diamond holes were completed to target new zones of mineralisation.

One of these holes hit high-grade gold mineralisation with results including two metres at 19.7g/t gold and 110g/t silver (21.3g/t gold equivalent) from 186.5 metres.

Due to COVID-19-related delays, there wasn’t a substantial amount of drilling activity in the March quarter. But, drilling is now progressing well with two rigs on site.

E2 Metals will continue regional exploration and extensional drilling and remains well funded to do so.

Company shares ended the day 10 per cent in the red, to close at 31.5 cents.

E2M by the numbers
More From The Market Herald
Aguia Resources (ASX:AGR) - Managing Director, Fernando Tallarico

" Aguia Resources (ASX:AGR) receives first results from Andrade

Aguia Resources (ASX:AGR) has received the first results from a 2000-metre diamond drilling program at the…

" Victory Goldfields (ASX:1VG) completes drilling campaign in Cue, WA

Victory Goldfields (ASX:1VG) completes its drilling program across targets at three projects near Cue in Western…

" Ausgold (ASX:AUC) significantly upgrades Katanning MRE

Ausgold (ASX:AUC) has significantly upgraded at mineral resource estimate (MRE) for its flagship Katanning Gold Project…
Golden Rim Resources (ASX:GMR) - Managing Director, Craig Mackay

" Golden Rim Resources (ASX:GMR) begins auger drill program at Kada

West African gold explorer Golden Rim Resources (ASX:GMR) has begun a 2000-metre infill auger drilling program…