Drilling at its flagship asset, the Lomero-Poyatos Project, has transitioned to a new stage for Denarius Metals (). With in-fill drilling now complete, the company is set to focus on resource expansion for the remainder of its drill program.
The program as a whole is now over 81% complete, with 75 drill holes having been completed within the initial validation and in-fill phases, for a total of 22,543 metres. Furthermore, time-domain electromagnetic and ground-based surveys have also been completed across the property this year as part of the ongoing program.
In terms of the latter, preliminary results have reportedly confirmed the potential for an expansion of the deposit, with conductors at the deposit believed to continue “well below” current drill depths. An expansion drilling campaign is to now be planned to test the anomalies found along strike and down-dip of the current deposit, while a parallel shear zone is also to be tested.
The company this morning also released a total of 31 drill hole assays, which largely come from in-fill drilling. The holes amounted to 8,236 metres of drilling in aggregate. Highlights from the results include:
- LM22047: 6.60 metres of 0.88% copper, 0.53% lead, 1.79% zinc, 37.53 g/t silver and 4.95 g/t gold
- LM22053: 2.66 metres of 1.69% copper, 0.84% lead, 0.59% zinc, 115.44 g/t silver and 9.56 g/t gold
- LM22063: 6.60 metres of 0.37% copper, 1.43% lead, 3.16% zinc, 32.59 g/t silver and 1.59 g/t gold
“The ongoing drilling program has verified the reliability of the historical drill results and will allow proper 3D modelling of the deposit to prepare an updated NI 43-101 compliant Mineral Resource estimate and scoping study by the end of the third quarter of this year,” commented CEO Serafino Iacono.
Denarius Metals last traded at $0.25 on the TSX Venture.
FULL DISCLOSURE:Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
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