SOL:CA announced assay results from its El Rayo Project in Jalisco State, Mexico. Highlights include 49.8 g/t silver over 259.7 metres (including 72 g/t over 87.5 metres), 46 g/t over 172.5 metres (including 80 g/t over 33 metres), 95 g/t over 72 metres and 73 g/t over 58.5 metres.
President/CEO Andrew Thomson told ResourceClips.com, “These results are significant because really what we’re looking for is bulk tonnage primary silver deposits. Primary silver deposits are quite attractive to the senior silver mining companies because they’re not byproduct deposits, and there are not a lot of bulk tonnage primary silver plays being drilled at the moment.
“The property is near Guadalahara, off the main highway, adjacent to a road. It’s in a very good area of Mexico—there are no drug issues. It’s a pretty easy countryside. The local town has about 7,000 inhabitants, and the mines were built up in the 1540s. So these were the first mines in southwestern Mexico to go into production. We’ve since gone back and really what we’re showing with these drill results is that we’re into bulk tonnage disseminated. We’ve got fine acanthite as the silver mineral.
“We’ve only looked at 30% of the surface on the property, and there’s still lots of other zones,” Thomson concluded. “There’s a 200-metre deep gold zone which we haven’t figured out yet, grading 3 grams over 30 metres. So there’s still lots of potential moving forward, but right now we’re marketing as a primary silver deposit.”
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by Ted Niles