BAROYECA GOLD & SILVER INC.
Suite 1008 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone (604) 689-5002 Fax: (604) 689-5003
Website : www.baroyeca.com
TSX-V: BGS
VANCOUVER, BC, Aug. 4, 2021 /CNW/ - BAROYECA GOLD &
SILVER INC. (the "Company") is pleased to announce additional
assay results from chip samples at new parallel vein discoveries at
the western extension of the veins discovered at Tavera-Rancho
Viejo vein system within the Company's flagship Atocha project in
Tolima, Colombia.
Raul Sanabria, P.Geo., President
of Baroyeca commented: "We continue to show the exceptional
potential for silver-gold mineralization within our property
boundary. Our geologic model continues to deliver targets and
demonstrates the most prospective zone of the Colonial Santa
Ana-Frias silver district occurs on the Atocha property. The number
of vein exposures discovered at Atocha since we acquired the
project is perfect evidence of this."
Baroyeca's surface mapping program at Atocha continues and keeps
increasing the size and footprint of the silver-gold vein system at
Tavera-Rancho Viejo. Chip samples collected at surface from
outcropping vein exposures returned grades of up to 401.6 g/t
Ag and 13.93 g/t Au at surface. The highest silver and
gold assay results were from a series of parallel vein exposures
(Veta 8) and outcrops discovered following the inferred trace of
the known Tavera-Rancho Viejo veins. To date, the vein system has
returned consistently high silver and gold grades over a strike
length in excess of 1,000m, and it
remains open in both directions (See Fig. 1).
The vein system at Tavera-Rancho Viejo-Veta 8 strikes
northeasterly as the dominant direction of veins, even though a
NNW-SSE conjugate system is also recognized in the area. Newly
discovered vein occurrences show widths in outcrop from 15cm to
>30cm. Further work is scheduled to continue to follow these
zones along strike to define areas where these veins can show
higher Ag and Au grades and widths.
Baroyeca geologists have also delineated large zones of
sericitic alteration locally with over >10% disseminated
sulfides (pyrite) south and west of the main veined area. Assay
results returned anomalous gold and silver values in these zones
and are interpreted as hydrothermal alteration (argillic)
associated to a late epithemal event, with the potential vectors
for that type of gold mineralization.
Table 1. Rock Chip Samples
from Veta 8 – Tavera vein corridor.
Sample
|
Easting
|
Northing
|
Elevation
|
Au
g/t
|
Ag
g/t
|
52663
|
503649.7
|
559892.6
|
1047.4
|
1.35
|
401.60
|
434381
|
503343.9
|
558337.2
|
988.2
|
2.29
|
115.00
|
434382
|
503343.9
|
558337.2
|
988.2
|
8.25
|
115.90
|
434389
|
503683.4
|
558790.1
|
957.9
|
0.22
|
25.00
|
434390
|
503680.6
|
558789.7
|
957.8
|
0.24
|
11.10
|
434391
|
503676.6
|
558785.9
|
958.9
|
2.53
|
69.90
|
434393
|
503175.6
|
558002.3
|
1041.9
|
6.40
|
11.00
|
434396
|
503502.1
|
558460.6
|
977.8
|
0.10
|
35.60
|
434395
|
503559.8
|
558353.1
|
962.9
|
4.77
|
37.50
|
434399
|
503494.6
|
558474.4
|
979.4
|
9.29
|
65.40
|
434386
|
503605.4
|
558141
|
943.1
|
13.93
|
82.10
|
434387
|
503657.7
|
558121.1
|
935.4
|
3.60
|
57.90
|
434400
|
503712.5
|
558458.3
|
947.8
|
0.43
|
103.30
|
52665
|
503657.5
|
558445.4
|
975.7
|
0.21
|
31.50
|
52666
|
503481.2
|
558505.2
|
985.1
|
0.24
|
37.00
|
2021 Field Program update
Baroyeca's field team is now focused on the Tavera-Rancho Viejo
zone, coincident with a large deformation corridor, while it works
to receive permits from landowners to access other priority zones
of the property.
2021 Diamond Drilling Program
Baroyeca has applied for drilling permits for the 2021 drilling
program, which will seek to expand and better define both the La Ye
and Veta Grande zones while target
development progresses in the Tavera-Rancho Viejo area. Drill holes
will include step-outs to define the potential high-grade
shoots.
QA/QC
Rock samples are shipped by transport truck in sealed woven
plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and
from there by air to SGS facility in Lima (Peru)
for analysis. SGS operate according to the guidelines set out
in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a
50 g sub-sample with atomic absorption spectroscopy (AAS). Samples
that return values >10 ppm gold from fire assay and AAS are
determined by using fire assay and a gravimetric finish. Silver is
analyzed by inductively-coupled plasma (ICP) atomic emission
spectroscopy, following multi-acid digestion. Silver is
determined by ore grade assay for samples that return >500
ppm.
About Baroyeca Gold & Silver Inc.
Baroyeca Gold & Silver Inc. is a mineral exploration company
focused on high-grade silver and gold projects located in
Colombia. Baroyeca's flagship
asset is the high-grade Atocha Silver-Gold Project located in
Tolima Department, Colombia. The
Company also holds an option to acquire a 100% interest in the
Santa Barbara Property, Bolivar Department, Colombia, which is renowned for its high-grade
gold mineralization and vein density. Current exploration
activities on the Santa Barbara Property involve the bulk sampling
of vein structures, which material then feeds into a trial
production facility which has consistently been producing gold for
over a year. The revenue from the sale of produced gold defrays
part of the operating costs. The Company is planning to expand
these activities.
The Company's Board and senior management are committed to
creating shareholder value through the discovery process, careful
allocation of capital, and environmentally and socially responsible
mineral exploration.
Qualified Person
Raul Sanabria, M.Sc., P.Geo.,
President of Baroyeca Gold & Silver Inc. and a qualified person
("QP") as defined by Canadian National Instrument 43-101, has
reviewed and approved the technical information contained in this
release.
BAROYECA GOLD & SILVER INC.
Per: "Raul
Sanabria"
Raul
Sanabria, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this release.
SOURCE Baroyeca Gold & Silver Inc.