(Zacatecas Silver, 6.May.2022) — Zacatecas Silver Corp. (TSXV: ZAC) (OTC: ZCTSF) (FSE:7TV) provided an update on the El Cristo Vein System located within the Zacatecas Property.
Highlights:
- The Secretariat of Environment and Natural Resources of Mexico (SEMARNAT) has approved 30 drill permits at El Cristo which will allow drill targeting throughout the extensive silver rich vein system.
- Multiple oxidized, silver-base metal mineralized veins now defined over a strike length of at least 4 km significantly extending the previous reported strike length of 2.5 to 3.0 km.
- Total of 2500m of diamond drilling in this initial phase of drilling at El Cristo.
- Drilling is ongoing at Panuco North area with multiple assays pending.
El Cristo Vein System
El Cristo is in the central part of the Zacatecas Property. It is the northwest extension of the well-known Veta Grande vein which has reported, but unverified, historical production of 200 Moz AgEq. The veins at El Cristo show similar characteristics to those at Veta Grande, have a similar orientation, and are part of the same sigmoidal zone of dilation.
Dr. Chris Wilson, Chief Operating Officer and a Director of Zacatecas Silver comments “The approval of 30 drill pads at El Cristo will allow the Company to drill test multiple veins within a zone of dilation that is almost 4 km long and up to 600 m wide. The approved pads will allow the near surface depth extensions of veins to be tested, a strategy that has worked extremely well at Panuco North where the company is currently drilling. Of particular interest at El Cristo are those parts of the veins that have historical shafts and surface workings. Historical, unverified channel sample assay results, show robust silver grades and the down-dip extension of these zones are very attractive targets.”
Historically the El Cristo vein system has only been tested by 8 angled diamond drill holes, despite comprising multiple veins within a zone of dilation that is 4 km long and up to 600 m wide. Moreover, these holes targeted the vein at depths of below 100 to 200 metres. There are over 20 known historical near surface shafts and multiple areas with near surface historical workings.
The cumulative strike length of all veins at El Cristo is at least 12 kilometres long. El Cristo an extremely prospective system with numerous high value targets at vein intersections, splays and flexures. Veins display multiphase and brecciated textures, indicative of multiple mineralizing events. The historical surface channel samples, although unverified and not to be relied upon, demonstrate that many veins may be strongly silver anomalous at surface. Vein textures and mineralogy at El Cristo are consistent with the uppermost parts of an intermediate sulphidation system, suggesting robust depth potential.
Qualified Person
The contents of this news release have been reviewed and approved by Chris Wilson, B.Sc. (Hons), PhD, FAusIMM (CP), FSEG, Chief Operating Officer of Zacatecas Silver. Dr. Wilson is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and is responsible for all technical information in this news release.
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