OVERVIEW
Commodity: | Gold and Silver |
Deposit Type: | Epithermal Vein Systems |
Location: | Sinaloa, Mexico |
Size: | 20.7 km² |
Status: | Available for Option |
La Silla is an epithermal Au-Ag project with strong similarities to the San Dimas (M+I: 70.7Moz Ag and 0.8Moz Au1; First Majestic) and El Gallo vein systems (297,000 AuEq2; McEwen Mining), which are being mined to the south and to the north of La Silla Project respectively. The project consists of 2,070 hectares contained and is 100% owned by Riverside Resources Inc.
Riverside’s team undertook mapping and sampling at the two principal targets: El Roble and Ciruelos. These targets are low-sulphidation, epithermal gold and silver veins, which were deposited along northwest trending structures similar to the surrounding deposits. Some of the Riverside’s sampling highlights are included in Table 1. The continuity of the vein along strike and at depth was defined by previous drilling programs which show 400 m in strike length and up to 325 ft in depth.
Table 1: Highlighted Rock Chip and Channel Samples - June 2018
Sample ID | Gold (g/t) | Silver (g/t) | Interval Width (m) |
RRI-2399 | 19.9 | 200.0 | 1.0* |
RRI50315 | 9.4 | 196.0 | 1.0 |
RRI-2351 | 2.4 | 113.0 | 1.5 |
RRI50312 | 2.1 | 27.0 | 1.5 |
RRI-2366 | 1.0 | 14.0 | 2.0 |
RRI-2369 | 1.6 | 40.1 | 2.0 |
RRI-2389 | 1.8 | 2.7 | 1.0 |
The La Silla project is located in Sinaloa, in the Ollitas Mining District as part of the Municipality of San Ignacio. The town of San Ignacio is located 20 km to the north-northwest of the property via a bush road.
1 https://www.firstmajestic.com/_resources/news/20200330-tbl2.jpg
2 https://www.mcewenmining.com/operations/el-gallo/default.aspx