Drill Holes Targeting The Todos Santos Vein Trend at Cordero Project
TORONTO - Discovery Metals Corp. reported results from four diamond drill holes targeting the Todos Santos high-grade vein trend at its flagship Cordero project located in Chihuahua State, Mexico. Todos Santos flanks the higher-grade bulk-tonnage domain to the northeast and now has a minimum strike extent of at least 1.5 kilometers (km) based on historic underground workings and new drilling. The current holes are part of the first-ever drill program of the Todos Santos vein trend.
Highlight intercepts include: Hole C20-349: 3.4 m averaging 1,150 grams per tonne silver equivalent (“g/t AgEq1”) from 145.6 m (412 g/t Ag, 0.42 g/t gold (“Au”), 8.0% lead (“Pb”) and 10.0% zinc (“Zn”)) within a 5.0 m interval averaging 962 g/t AgEq1 (331 g/t Ag, 0.35 g/t Au, 6.3% Pb, 9.2% Zn); Hole C20-351: 2.0 m averaging 1,207 g/t AgEq1 from 224.8 m (532 g/t Ag, 0.38 g/t Au, 8.8% Pb and 8.1% Zn) within a 49.7 m interval averaging 146 g/t AgEq1 (38 g/t Ag, 0.09 g/t Au, 0.6% Pb, 1.9% Zn); Hole C20-352: 3.3 m averaging 572 g/t AgEq1 from 228.2 m (152 g/t Ag, 0.71 g/t Au, 2.2% Pb and 6.9% Zn) within a 21.0 m interval averaging 188 g/t AgEq1 (59 g/t Ag, 0.19 g/t Au, 0.9% Pb, 2.0% Zn); and Hole C20-354: 1.0 m averaging 1,729 g/t AgEq1 from 380.1 m (433 g/t Ag, 0.23 g/t Au, 9.3% Pb and 22.9% Zn) within a 6.9 m interval averaging 466 g/t AgEq1 (133 g/t Ag, 0.10 g/t Au, 2.9% Pb, 5.4% Zn).
Taj Singh, President and CEO, said, “These current drill holes, along with the relogging of historical drill core in this part of the deposit, now suggest that the Todos Santos vein trend extends well beyond the footprint of historical underground workings and beyond the limit of the mega pit in the 2018 PEA. This recent work also confirmed for the first time through drilling the existence of a parallel footwall vein in the northeast of the Todos Santos trend. This footwall vein returned high-grade intercepts of 2.0 m averaging 1,207 g/t AgEq and 1.0 m averaging 1,729 g/t AgEq. We look forward to follow-up drilling focused on confirming and extending the vein potential along the Todos Santos vein trend as we advance this new and exciting component of the Cordero story that could add significant value to the higher-grade open pit project.”
The four holes were successful in establishing and expanding continuity both along strike and at depth of the Todos Santos vein trend. All four holes returned high-grade vein intercepts from both the Main Vein along the Todos Santos trend as well as a previously unidentified Footwall Vein. High-grade mineralization in both the Main Vein and Footwall Vein is typically associated with quartz-carbonate veins with galena, sphalerite and pyrite mineralization. A number of these vein intercepts lie within broader zones of disseminated sulphide mineralization hosted in brecciated dacite and sedimentary wall rock.
The Todos Santos vein trend, consisting of the Main Vein and Footwall Vein, has an interpreted southwest strike extent of at least 1.5 km based on historic underground workings and drilling, with veins dipping steeply to the northwest. The drill-confirmed portion of the Main Vein along the Todos Santos trend has a strike extent of 800 m and a down-dip extent of 300 m and is open along strike in both directions and at depth. The Footwall Vein has a drill-confirmed strike extent of 400 m and is open to the northeast and at depth.