Toronto, Ontario – March 15, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Kuya Silver Company (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the “Firm” or “Kuya Silver”) may be very happy to report a drill core intersection of native silver mineralization at its wholly-owned Campbell-Crawford space of the Silver Kings Mission, positioned within the Cobalt, Ontario mining camp (Determine 1, 2).
This new discovery (Determine 3) is positioned inside a 1 km radius of 5 main mines, with a complete historic manufacturing of 48.2 million ounces of silver (Crown Reserve, Deerhorn, Drummond, King Edward, Nova Scotia). The realm is lower than 1 km north of the North Drummond space and 750 m southeast of a 1,300 oz/t silver intercept from 1981 underground drilling by Silver Century Explorations Ltd. (Benner 1982).
Highlights:
- Native silver was intersected within the second drill gap on the Campbell-Crawford space and drilling is ongoing alongside development
- Mineralization on this vein seems to be primarily native silver, however minor cobalt mineralization can also be acknowledged
- Silver stringers happen above and under the silver vein, considerably rising the potential width of mineralization
- Drill intersection was made 170 m under the closest underground workings (1910s exploratory tunnelling) and 230 m under floor
- The Campbell-Crawford space, regardless of being surrounded by historic mines and mineral occurrences, has remained just about untested since exploration occurred within the early twentieth century and the realm has by no means been mined
Assay outcomes are pending
David Lewis, Kuya Silver’s Exploration Director, commented: “Regardless of greater than a century of intensive mining and exploration, the legendary Cobalt mining camp can nonetheless generate thrilling outcomes. The Campbell-Crawford space was recognized to host low-grade mineralization on floor and in shallow exploration tunnels, nevertheless it had by no means been examined systematically. Work by Kuya Silver personnel in 2022 recognized the realm to host favorable buildings for mineralization, significantly at depth (particularly on the decrease contact of the Nipissing Diabase), and two drill holes had been deliberate to check close to this contact.”
“The primary drill gap (23-SK-07) intersected beforehand recognized, slender mineralized veins adjoining to a fault inside the diabase, then the decrease diabase contact, then 4 beforehand unknown slender mineralized veins at depth. The second gap (23-SK-08), which was stepped again and drilled beneath the primary drill gap, intersected the primary of the beforehand recognized veins instantly under the diabase contact. We had been very excited to see the silver mineralization in drill core, confirming our exploration mannequin for the realm.”
Campbell-Crawford goal space
Cobalt-bearing veins (that are recognized to happen with, or grade into, silver-bearing veins), had been found on floor in 1906. Between 1906 and 1930, two small shafts had been sunk and 175 m of exploratory tunneling (adit and related drifting) was accomplished on a single stage, with the utmost depth of workings is 35 m under floor. All shafts and adit workings are restricted to rocks of the Nipissing Diabase sill. Two diamond drill holes, totaling 560 m, had been drilled in 1930. The historic description of the property is compiled after Sergiades (1968).
Mineralization within the Cobalt mining camp is spatially related to the margins of a 300 m thick, subhorizontal and gently-folded sheet of Nipissing Diabase. The historic Campbell-Crawford workings are positioned close to the middle of this sheet; in distinction, this mineralized veining was intersected roughly 10 m under the contact.
References
Benner, R.I. 1982. Report on the Silver Century Explorations Ltd. Group of Properties, Cobalt Ontario.; Kirkland Lake Resident Geologist’s Workplace, Coleman Township, evaluation file 31M05NE0412.
Sergiades, A.O. 1968. Silver Cobalt Calcite Vein Deposits of Ontario; Ontario Division of Mines, Mineral Assets Round No. 10, 498p.
Nationwide Instrument 43-101 Disclosure
The technical content material of this information launch has been reviewed and accredited by Mr. David Lewis, P.Geo., Exploration Director of Kuya Silver and a Certified Individual as outlined by Nationwide Instrument 43-101.
About Kuya Silver Company
Kuya Silver is a Canadian‐primarily based mineral exploration and growth firm with a give attention to buying, exploring, and advancing valuable metals belongings in Peru and Canada.
For extra info, please contact:
David Stein, President and Chief Govt Officer
Phone: (604) 398‐4493
[email protected]
www.kuyasilver.com
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