Exploration Plan Highlights
“We are incredibly excited about the initial drilling effects of Level 5500, which has already generated several smart ratings,” said Darren Blasutti, president and chief executive of the Americas. “The initial deep drilling targets are Veta 72 which, historically, was a major contributor to peak silver production years with combined laws of more than 650 g/t silver.” Triple point ” and deeper extensions of the 360 complex that will be drilled for the rest of 2020 and until 2021.”
Recapitalization Plan Summary
Darren Blasutti continued: “The Galena complex is a fair demonstration of the optional nature of the company’s valuable metals. We are already seeing the prospective benefits of the recapitalization plan in terms of productivity gains that coincide with particularly high silver prices. Lower and deeper operation in Silver Valley in Idaho with tons of millions of dollars of infrastructure in place, adding an over-machining capacity, we are confident that the recapitalization plan and the 3 high-profile silver target systems at known sites will drive the operation to an active, cash-free primary producer.”
Exploration
The recapitalization plan has planned approximately 39,000 meters of exploration drilling with more than 13,000 meters (or more than 33%) Completed. Under the existing drilling plan, America expects the existing drilling phase to end in May 2021 with two drilling rigs in operation. Drilling is at the center of the during the remainder of 2020.
The exploration plan includes two other methods for drilling known vein extensions in intensity under existing infrastructure, as well as existing reserves and known resources in higher degrees of development.
Deeper exploration
The first drilling began at point 5500 for what the company’s geologists would be some of the mine’s promising maximum targets. This initial drilling includes the downward projection of Veta 72, which was a major contributor to the ore during the peak silver production years of 2000-2004. Drilling will be concentrated in spaces to the east and under historic sites, which have produced average laws of more than 650 grams consistent with tons (“g/t”) of silver. In addition to targeting 72 Vein, exploration will focus on what has been described as the “triple point,” where high-law veins 175, 185 and Silver are expected to converge. This domain has never been explored and deserves to be one hundred meters below the sites of historical structure. A tracking drilling is also planned on the 291 and 360 vein systems from point 5500 and is designed to enlarge those downstream dive spaces.
Vein 72 is a silver cop consistent with the vein (tetradrite) in the Polaris fault zone. The vein was discovered in 1999 and extracted from 2000 to 2006, generating more than 9.5 million ounces of silver. He was a major contributor of the year in which the Galena complex produced more than five million ounces of silver depending on the year. Only a portion of the old holes drilled into the 72 vein extract yielded ore law intersections, however, the average content of the combined total extraction was more than 650 g/t silver. Veta 72 was inconsistent with point 5-800, however, drilling directed at Veta 72 and the surrounding spaces extended the vein formula vertically over 12 five meters and about five meters in the direction, including:
– refers to traditionally drilled holes. You can get a complete table of all drilling effects on our online page at: https://americas-gold.com/site/assets/files/4297/dr20200816.pdf
In early September 2020, exploration from a new drilling station east of the existing Level 5500 drilling station will be carried out at what has been described as the “triple point” where high-law 175, 185 and Silver veins are expected to converge.
This domain has never been explored and will be one hundred meters below historic sites and will be one of the maximum prospective targets of the recapitalization plan.
Exploration near the mine
Drilling at point 3200 extended the longitudinal and longitudinal duration of several veins with economic widths and slopes. Five veins in the Lead Zone of the Upper Country (UCLZ) lasted between 37 and 61 meters to the east. These veins are adjacent to the existing production spaces at the point. The Veta 133 lasted along 107 meters in the direction and 70 meters vertically. Key 3200-degree drill intercepts that were published in the past in the company’s may 4, 2020 press release include:
Drilling from point 5200 focused on deep mineralization extensions and targeted around the 291 and 360 vein systems with encouraging results. The two innermost holes in the task to date have the highest rating values. The key drill intercepts in point 5200 that were published in the past in the company’s press release of May 4, 2020 come with:
Most drilling effects to date are expected to be included in the company’s reserve and the update is released in September 2020.
Production
The recapitalization plan is still in the early stages of implementation, however, the company is already beginning to see the in terms of stabilizing production and reducing operating costs. The company expects these production innovations to continue by 2020.
Production of the Galena – Current
Q3-2019
Fourth quarter 2019
T1-2020
T2-2020
July 2020
Tons crushed
29 334
23 321
31 910
29 458
11044
Silver (ounces)
170 642
159 600
230 275
192 528
82 730
Lead (books)
3 048 824
2 557 384
4280 527
3 942 212
2 009 951
Silver equivalent2 (ounces)
335 250
293 653
445 868
372637
161 930
Development
The rehabilitation of existing infrastructure is almost complete. Rail repair and replacement were completed at grades 4300 and 5500. The progression of the ramp between grades 5200 and 5500, which is expected to be completed in early 2021, is mandatory for long-term access to the structure sites while allowing for more effective movement of the devices. short-term appliances and personnel. Repairing the innermost cargo wallet will allow the 5500 curtains to be hoisted from September 2020. Restoring the cargo wallet eliminates the need to send the curtains to the upper grades of the mine to lift them to the surface.
Team
With the recapitalization plan, the operation acquired several new appliances to help productivity. A 4-yard shovel, a one-arrow jumbo and two 3.5-yard shovels are now in service. A positive resolution is expected to install a new hoist at the Galena well to double the lifting capacity once justified through the continued good fortune of exploration and the sustained increase in ore production.
Technical information
The diamond drilling program used NQ-sized cores. Standard AQ/CQ practices in the Americas were used to ensure the integrity of core and pattern preparation in the Galena complex by delivering patterns to the test lab. The drilling witness was stored in a safe facility, photographed, recorded and modeled according to lithological and mineralological interpretations. Certified reference materials, double and white boxes were inserted as patterns sent with the cores to the lab.
Analytical paintings were made through American Analytical Services Inc. (“AAS”) located in Osburn, Idaho. AAS is an independent laboratory accredited by isO-17025. The preparation of the patterns includes a pulp pattern of 30 grams analyzed using atomic absorption spectrometry (“AA”) techniques to silver, copper and lead, using royal water for pulp digestion. Samples that yield values greater than 514 g/t Ag are re-analyzed using pyrotechnic testing techniques for silver. In addition, patterns that return values greater than 23% of Pb are re-analyzed using titration techniques.
Double paste patterns were sent quarterly to ALS Global, an isO-17025 accredited independent laboratory founded in Reno, Nevada, to conduct independent control research. A traditional AA strategy was used for silver, copper and lead research at ALS Global with the same popular procedures used through AAS. The verification effects indexed in this report did not show a preparation of significant contamination patterns or pattern research bias.
About Americas Gold and Silver Corporation
Americas Gold and Silver Corp. is a high-growth valuable metal mining company with assets in North America. The company’s last asset, the Relief Canyon mine in Nevada, USA, sank the first gold and is expected to succeed in full production by 2020. Does the company also own and operate the Cosal? It operates in Sinaloa, Mexico and manages 60% of the Galena complex in Idaho, USA. The Company has entered into an agreement to obtain features in progress for the allocation of progression of San Felipe in Sonora, Mexico, subject to final conditions. For more information, scale to SEDAR or www.americas-gold.com.
For information:
Stefan Axell
Darren Blasutti
Vice President of Business Development and Communications
President and CEO
Americas Gold and Silver Corp.
Americas Gold and Silver Corp.
416-874-1708
416–848–9503
Qualified people
Niel de Bruin, Director of Geology, worker of the corporation and “qualified person” under Regulation 43-101, approved the applicable content of this press release.
Warning on prospective information: