Aftermath Silver's Esperanza Zone Sampling Returns Silver Assays up to 2.7 kg/t, Lead up to 17.9% and Zinc up to 17.4% in the...
June 19 2014 - 12:41PM
Access Wire
Vancouver, British Columbia /
ACCESSWIRE / June 19, 2014 / Aftermath Silver Ltd. (the "Company" or
"Aftermath Silver") is pleased to announce the first batch
of results from its previously reported exploration program at its
San Andres property in Mexico (see news releases #3 and #4). The
goal of the program was to demonstrate that mineralization
continued outside of the confines of the historical mine workings
on the main production vein, Esperanza, as well as further
understand the other related mineralized and less developed veins
on the property.
Initial channel sampling focused on the
previously unsampled Level 7 of the Esperanza. The 10 samples (see
table) taken along 200 m of exposed strike length of the Esperanza
vein averaged 606.23 g/t silver, 0.502 g/t gold, 5.5% lead and 4.4%
zinc over an average thickness of 27 cm. These results confirm high
grade mineralization at the down-dip limits of the historic
Esperanza vein workings and thus present an exploration target for
down-dip extensions of the vein.
The sampling was carried out by
Aftermath's geological consultants, Vancouver-based Coast Mountain
Geological who had previously completed extensive sampling within
the historical workings, dumps and backfill but had never sampled
the lowest levels of Esperanza prior to the program.
Aftermath Silver President Doug
Ramshaw commented: "We are
delighted to have demonstrated that Esperanza's mineralized
potential extends down-dip from the historical workings. Not only
are the silver values in line with our expectations we are
particularly encouraged by the significant base metal component
that appears to be increasing at depth compared to the 2009
sampling programs that focused on the upper levels of mined out
workings. We are confident that undeveloped areas of mineralized
potential will exhibit thicker zones of manto mineralization
similar to that evident in the level 1 through level 6 workings on
Esperanza."
Further sampling of the Esperanza
vein was completed in the M10 workings. A total of six samples were
taken within the M10 portal workings that have limited extent
relative to the Esperanza level 7 development. The six samples
averaged 1308 g/t silver, 0.46 g/t gold, 4.15% lead and 3.74% zinc
over an average thickness of 27 cm. The M10 workings lie on the
boundary of mine development on the up-dip side of the Esperanza
vein and represent another significant target for future definition
and drilling.
A number of maps, sections and
additional photos are available for viewing at the Company's
website www.aftermathsilver.com
The complete results of the
Esperanza vein sampling are presented in the table below:
-----------------------------------------------------------------------
|Sample |Ag |Au |Pb % |Zn % |Width(cm)|Description |
|No. |g/t |g/t | | | | |
|---------------------------------------------------------------------|
| | | | | | | |
|---------------------------------------------------------------------|
|A00062101|135.7 |1.450|0.73 |0.50 |60 |Esperanza Level 2 (vein)|
|---------------------------------------------------------------------|
|A00062102|359.0 |1.455|7.61 |17.40|23 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062103|1968.1|1.851|17.90|7.47 |15 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062104|1154.7|0.418|7.41 |0.16 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062105|106.1 |0.127|0.41 |0.83 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062106|832.2 |0.304|7.05 |4.40 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062107|204.1 |0.139|2.00 |0.31 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062108|305.3 |0.075|2.60 |2.14 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062109|831.5 |0.318|5.47 |4.40 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062110|27.5 |0.005|0.29 |0.13 |30 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062111|273.7 |0.327|4.29 |6.88 |20 |Esperanza |
| | | | | | |Level 7 |
| | | | | | |(manto) |
|---------------------------------------------------------------------|
|A00062112|2741.3|0.461|11.50|3.46 |25 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062113|948.3 |0.942|3.93 |6.82 |20 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062114|1530.9|0.681|4.60 |6.42 |20 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062115|1826.6|0.458|1.43 |1.94 |36 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062116|415.2 |0.124|2.03 |1.97 |32 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062117|389.9 |0.115|1.43 |1.87 |31 |Esperanza M10 (manto) |
|---------------------------------------------------------------------|
|A00062118|1745.0|0.268|6.79 |0.02 |--- |La Calzada (float) |
|---------------------------------------------------------------------|
| | | | | | | |
|---------------------------------------------------------------------|
|Average |869.6 |0.487|5.00 |4.16 |27 |Level 7/M10 samples |
-----------------------------------------------------------------------
In addition to the Esperanza
sampling reported in this first batch of results, Aftermath sampled
mineralization exposed in a road cut on route to the mine site (Del
Camino) and two small mine workings roughly 1.5km to
the west of the main San Andres mine. While the mine workings show
nothing like the degree of development and production that took
place at San Andres they represent intriguing targets for future
follow-up as they could represent projections of either Esperanza
or the lower Del Bajo vein or upper En Medio vein and would greatly
increase the undeveloped mineralized extent of the system.
The complete results of the western
extent of known mineralization are presented below:
------------------------------------------------------------------
|Sample |Ag |Au |Pb % |Zn |Width(cm)|Description |
|No. |g/t |g/t | |% | | |
|----------------------------------------------------------------|
| | | | | | | |
|----------------------------------------------------------------|
|A00062119|3232.6|2.135|5.30 |0.53|35 |Del Camino (vein) |
|----------------------------------------------------------------|
|A00062120|QAQC standard |
|----------------------------------------------------------------|
|A00062121|10.6 |0.058|0.01 |0.01|45 |Del Camino |
| | | | | | |(alteration) |
|----------------------------------------------------------------|
|A00062122|174.5 |0.167|0.70 |0.50|50 |Del Camino |
| | | | | | |(alteration) |
|----------------------------------------------------------------|
|A00062123|12.3 |0.136|0.01 |0.14|50 |Del Camino |
| | | | | | |(alteration) |
|----------------------------------------------------------------|
|A00062124|100.1 |0.481|0.01 |0.21|50 |Del Camino (manto) |
|----------------------------------------------------------------|
|A00062125|391.4 |0.653|1.51 |0.39|120 |Mina Nopal (manto) |
|----------------------------------------------------------------|
|A00062126|1116.7|0.430|12.50|2.14|30 |Mina Ciruela (manto)|
------------------------------------------------------------------
The Company is still waiting on two
additional batches of results from the program. The second set of
results are a lithogeochemical survey of the 1km2
alteration zone that appears to play a significant role in the
formation of the manto mineralization and plays host to a former
high-grade silver mine, Inclinada. The final batch of results is
from sampling focused on the En Medio vein that lies above
Esperanza as well as some additional sediment-hosted mineralization
similar to the Inclinada and other northerly prospects. These
results will be released in due course.
About San Andres
The San Andres project is located in
Durango State, Mexico and lies approximately 8 km to the east of
Chesapeake Gold's Metates deposit (resources of 526 Moz Ag, 18.5
Moz Au and 4.2 B lbs of zinc) and 6.5 km south of the
privately-owned and operated 1,200 tpd San Miguel del Cantil Au-Ag
mine.
San Andres is fully permitted with
an existing 300 tpd mill and camp facility on site. With the
exception of investment in the mill and the granting of the permits
to commence mining (2006-), the project has been largely untouched
by modern exploration since historic mining operations ceased in
1915 at the time of the Mexican Revolution. According to historic
Mexican Government records (which
have not been independently verified and thus should not be relied
on) 17 Moz of silver were produced from 1890-1915. The mine
is not currently in operation remaining on care and
maintenance.
The 2014 field program is
being performed under the supervision of Rick Kemp P.Geo of Coast
Mountain Geological and a
Qualified Person as defined by NI 43-101. Mr. Kemp reviewed
the field procedures used during
the program, and reviewed the technical information in this news
release on behalf of Aftermath Silver.
All
samples were tagged, bagged and sealed onsite, with standards and
blanks included in the sampling sequence. Chain of custody remained
with the Coast Mountain Geological sampling team until delivery to
the accredited SGS analytical laboratory facilities in Durango,
Mexico.
ON BEHALF
OF THE BOARD OF DIRECTORS
"Doug Ramshaw"
Doug Ramshaw
President & CEO
604-484-7855
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Certain disclosure in this release, including
statements regarding the intended use of proceeds from the private
placement, constitute forward-looking information or statements
(collectively, "forward-looking statements") for the purpose of
applicable securities laws. In making the forward-looking
statements, the Company has applied certain factors and assumptions
that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the
Company, including that the Company is able to obtain any
government or other regulatory approvals required to complete the
Company's planned exploration and development activities, that the
Company is able to procure personnel, equipment and supplies
required for its exploration and development activities in
sufficient quantities and on a timely basis and that actual results
of exploration activities are consistent with management's
expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they
may prove to be incorrect, and the forward-looking statements in
this release are subject to numerous risks, uncertainties and other
factors that may cause future results to differ materially from
those expressed or implied in such forward-looking statements. Such
risk factors include, among others, that the Company will be unable
to obtain required regulatory approvals on a timely basis or at
all, that actual results of the Company's exploration activities
will be different than those expected by management and that the
Company will be unable to obtain or will experience delays in
obtaining any required government approvals or be unable to procure
required equipment and supplies in sufficient quantities and on a
timely basis. Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.
Not for dissemination in the
United States or through U.S. newswires
SOURCE: Aftermath Silver Ltd.
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