E2 Metals (ASX: E2M) has resumed drilling at its Conserrat challenge in Argentina, following up an earlier high-grade intercept at its Mia prospect.
Drilling started final Friday as the corporate, with a purpose to regain time, has now mobilised two drilling rigs.
This system was delayed for 2 weeks resulting from COVID-19 restrictions and Argentina rising quarantine necessities.
Drilling has additionally been elevated to a complete of 4,000m with diamond and reverse circulation rigs introduced into motion – the latter to be deployed to the Patricia prospect.
The diamond rig at Mia has accomplished its first gap.
That is following up a earlier intercept of 16m at 3.91 grams per tonne gold and 123g/t silver from 68m, together with 8m at 7.64g/t gold and 216g/t silver.
The RC rig will full preliminary scout drilling testing at Patricia the place rock chip sampling returned assays as much as 40g/t gold and 262g/t silver.
First assays anticipated in 4 weeks
Drilling will proceed till the tip of October, with the primary assays anticipated in about 4 weeks.
In July, E2 Metals raised $2.16 million through an oversubscribed share buy plan.
The Conserrat challenge contains a single title of 8,696 hectares inside the Santa Cruz Province of Argentina.
It’s centred 130km northwest of native service city Puerto San Julian and a few 30km west-northwest of AngloGold Ashanti’s (ASX: AGG) giant Cerro Vanguardia mine.
Cerro Vanguardia is the most important epithermal vein area within the Santa Cruz province with historic and present assets estimated to be 8.9 million ounces of gold and 137Moz of silver.
Different corporations with initiatives in Santa Cruz province embrace Toronto-based Yamana Gold, Newmont Mining, Pan American Silver and Austral Gold (ASX: AGD) with its silver-gold Pinguine exploration challenge.
5 prospects have been outlined at Conserrat
E2 Metals says that, whereas exploration at Conserrat continues to be thought of early stage, systematic trenching and scout RC drill testing accomplished by the corporate since August 2019 has outlined vital gold and silver mineralisation at 5 prospects, together with the latest high-grade Mia discovery.
The unique drilling program introduced in August set the whole at 2,000m, and was to cowl 5 prospects.
Aside from Mia and Patricia, the corporate deliberate to drill deeper diamond holes at Ro beneath a high-grade silver intercept of 5m at 441g/t silver together with 0.58g/t gold on the primary drill part.
Then there’s the Veta Blanca prospect with untested targets that produced rock chip samples as much as 2,040g/t silver and 1.4g/t gold.
At Emilia the corporate has outlined a floor vein with 6.7g/t gold and 549g/t silver.