As previously reported SMUG21-18 was successful in the interception of a wide, low-grade silver impregnated northeast trending intrusive dike, or finger, from 58 – 129 meters.
From 63 meters to 79.5 meters the 16.50-meter intercept reported 22.08g/t Ag Eq with higher grade 1.50 meter intercepts of 56.06 g/t Ag Eq and 39.57 g/t Ag Eq, respectively.
The deeper hole SM20-02 reported 6 meters grading 351.66 g/t Ag Eq at a vertical depth of -105 meters, and hole SM20-03 reported 12.50 meters of 110.51 g/t Ag Eq with numerous higher-grade intercepts at a depth of -300 meters.
SMUG21-21 was successful in the interception of 0.6 meters of the remaining Santa Maria Footwall structure from the collar, or beginning, of the hole which graded 47.92 g/t Ag Eq.
Analytical results of sampling reported by Fabled Silver Gold represent core samples that have been sawn in half with half of the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico.
The Company has an experienced management team with multiple years of involvement in mining and exploration in Mexico.
The Company has entered into an agreement with Golden Minerals Company to acquire the Santa Maria Property, a high-grade silver-gold property situated in the center of the Mexican epithermal silver-gold belt.
Certain statements contained in this news release constitute “forward-looking information” as such term is used in applicable Canadian securities laws.
Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company’s continuous disclosure filings filed under the Company’s profile at www.sedar.com.