Join our daily newsletter At The Bell to receive exclusive market insights
- E2 Metals (E2M) has received gold and silver assays from drilling at the Mia discovery within the Conserrat Project in Argentina
- One of the holes returned high-grade gold peaking at 72g/t
- However, E2 is particularly impressed by another drill hole which returned a peak grade of 644g/t silver and intersected a vein down-dip of the Lara Vein
- The company believes the high-grade silver is related to a second mineralised shoot that is open to the east, west and at depth
- Drilling has come to a halt over the Christmas and New Year period but will pick back up at the Mia discovery on January 4
- E2 Metals ended the day down 7.69 per cent with shares trading at 60 cents
E2 Metals (E2M) has received more gold and silver assay results from phase two drilling at the recent Mia discovery within the Conserrat Project in Argentina.
Assays have been received for five diamond holes and one reverse circulation (RC) hole.
One of the diamond holes intersected two distinct veins within a mineralised structure and one of the veins is interpreted to be the down-dip extension of the Lara Vein.
Results include 14 metres at 0.4g/t gold, 218g/t silver from 169 metres including 4.1 metres at 1g/t gold and 644g/t silver from 175 metres.
E2 Metals interprets that the high-grade silver mineralisation is associated with a second mineralised shoot that has developed at the intersection of the Lara Vein. This second mineralised shoot is open to the east, west and at depth.
Another hole intersected two high-grade structures that extended mineralisation by 40 metres to the west.
Results include two metres at 43g/t gold and 9g/t silver from 21 metres including 1.2 metres at 72g/t gold and 14g/t silver from 21.8 metres, 6.1 metres at 4.6g/t gold and 28g/t silver from 68 metres including one metre at 26g/t gold and 88g/t silver from 68 metres.
“The results of the two holes are significant as it shows high-grade mineralisation at Mia is completely open at depth and to the west. Particularly hole DDH-MI20-065 which appears to have intercepted a new mineralised shoot at the intersection with a strike-parallel structure,” Managing Director Todd Williams said.
The company will resume drilling at the Mia discovery on January 4. Assay results for holes drilled at the Florencia, Emilia, Este and Ro prospects are expected over the next two weeks.
E2 Metals ended the day down 7.69 per cent with shares trading at 60 cents.
