Assay Results
Phase 3 Drilling
The following table summarizes the most significant drill intercepts (uncut, undiluted) for the Granaditas Vein: June 12, 2018
| Hole ID | From (m) |
To (m) |
Drill intercept (m) |
True Width (m) |
Au gpt |
Ag gpt |
AgEq* gpt |
| GR17-02† | 138.9 | 140.6 | 1.7 | 1.5 | 3.63 | 190.1 | 462 |
| incl. | 139.9 | 140.6 | 0.7 | 0.6 | 8.16 | 387.0 | 999 |
| GR18-04 | 133.3 | 135.3 | 2.0 | 1.8 | 12.14 | 1,440.3 | 2,350 |
| incl. | 133.8 | 134.3 | 0.5 | 0.4 | 47.50 | 5,620.0 | 9,183 |
| GR18-09 | 165.9 | 167.3 | 1.4 | 1.3 | 3.24 | 338.9 | 582 |
| incl. | 166.4 | 167.3 | 0.9 | 0.8 | 4.86 | 498.0 | 863 |
| GR18-11 | 179.4 | 180.6 | 1.2 | 1.2 | 1.23 | 114.0 | 206 |
| Weighted Average | 1.5 | 5.69 | 595.7 | 1,022 | |||
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per
ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
†previously announced intercept (refer to news release dated October 19, 2017).
The following table summarizes the most significant drill intercepts (uncut, undiluted) for Babicanora Norte: May 29, 2018
| Hole ID | From (m) | To (m) | Drill intercept (m) | True Width (m) | Au gpt | Ag gpt | AgEq* |
| BAN18-02 | 70.8 | 72.3 | 1.5 | 1.4 | 9.11 | 1,033.3 | 1,716 |
| incl. | 71.8 | 72.3 | 0.5 | 0.5 | 25.00 | 2,760.0 | 4,635 |
| BAN18-03 | 95.8 | 97.3 | 1.5 | 1.3 | 5.19 | 726.0 | 1,115 |
| BAN18-04 | 89.5 | 91.0 | 1.5 | 1.2 | 4.71 | 592.9 | 946 |
| incl. | 89.5 | 90.0 | 0.5 | 0.4 | 14.05 | 1,775.0 | 2,829 |
| BAN18-06 | 101.6 | 103.1 | 1.5 | 1.5 | 23.96 | 2,081.0 | 3,879 |
| incl. | 102.1 | 102.6 | 0.5 | 0.5 | 71.80 | 6,230.0 | 11,615 |
| BAN18-07 | 132.7 | 134.0 | 1.4 | 1.4 | 1.33 | 140.9 | 240 |
| Weighted Average | 1.4 | 8.47 | 878.9 | 1,514 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$18.50 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 86.6% silver and 98.9% gold.
Results for drill hole BAN18-05 is below the Company’s cutoff of 150 gpt AgEq. Hole BAN18-01 intercepted 0.5 metres grading 1.23 gpt gold and 194.0 gpt silver, or 286 gpt AgEq and hole BAN18-08 intercepted 0.50 metres grading 3.06 gpt gold and 169 gpt silver, or 398 AgEq.
The following table summarizes the most significant drill intercepts (uncut, undiluted) for the Luigi Vein: April 17, 2018
| Hole ID | From (m) |
To (m) |
Drill Intercept (m) |
Est. True Width (m) |
Au gpt |
Ag gpt |
AgEq gpt* |
| LC17-34† | 214.0 | 214.9 | 0.9 | 0.8 | 1.03 | 151.0 | 228 |
| LC17-45 | 222.3 | 227.2 | 4.9 | 4.1 | 1.71 | 231.8 | 360 |
| incl. | 224.5 | 225.0 | 0.5 | 0.4 | 7.07 | 938.0 | 1,468 |
| LC17-58† | 319.9 | 321.9 | 2.0 | 1.8 | 0.28 | 221.5 | 243 |
| LC17-65† | 243.0 | 244.5 | 1.5 | 1.4 | 13.22 | 2,006.7 | 2,999 |
| incl. | 243.5 | 244.0 | 0.5 | 0.4 | 39.20 | 5,930.0 | 8,870 |
| LC17-69† | 180.4 | 182.0 | 1.6 | 1.4 | 0.18 | 172.5 | 186 |
| LC17-72† | 254.9 | 256.7 | 1.8 | 1.6 | 3.41 | 265.4 | 521 |
| incl. | 254.9 | 255.6 | 0.7 | 0.6 | 7.69 | 590.0 | 1,167 |
| LCU18-25§ | 43.8 | 44.9 | 1.1 | 1.0 | 2.75 | 231.5 | 438 |
| W. Ave. | 1.7 | 2.84 | 416.6 | 629 |
Note: all numbers are rounded. All intercepts were previously announced as “Un-named veins” except where noted.
* AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
† True thickness reinterpreted on intercept from previous news release.
§ New drill intercept.
The following table summarizes the most significant drill intercepts (uncut, undiluted) Babicanora Area Only: April 10, 2018
| Hole No. | From (m) |
To (m) |
Drill Intercept (m) |
Est. True Width (m) |
Au Gpt |
Ag gpt |
AgEq* gpt |
| BA18–68 | 481.7 | 483.4 | 1.7 | 1.3 | 1.00 | 201.6 | 276 |
| incl. | 482.9 | 483.4 | 0.5 | 0.4 | 3.20 | 654.0 | 894 |
| BA18–70 | 447.1 | 448.5 | 1.4 | 1.2 | 0.36 | 1,558.7 | 1,586 |
| incl. | 447.1 | 447.9 | 0.8 | 0.6 | 0.10 | 2,670.0 | 2,678 |
| BA18–72 | 461.8 | 462.6 | 0.5 | 0.5 | 1.46 | 141.0 | 250 |
| BA18–74 | 385.9 | 397.0 | 11.1 | 9.2 | 1.34 | 252.5 | 353 |
| incl. | 385.9 | 391.0 | 5.1 | 3.9 | 2.66 | 344.0 | 543 |
| BA18–77 | 356.0 | 362.0 | 6.0 | 4.5 | 7.96 | 912.0 | 1,509 |
| incl. | 356.5 | 359.0 | 2.5 | 1.8 | 20.62 | 2,167.6 | 3,714 |
| BA18–81 | 274.2 | 278.2 | 4.0 | 4.0 | 22.83 | 1,718.8 | 3,431 |
| Incl. | 275.2 | 277.2 | 2.0 | 2.0 | 46.06 | 3,342.0 | 6,796 |
| BA18–82 | 270.2 | 275.1 | 4.9 | 4.9 | 0.35 | 179.4 | 205 |
| Incl. | 274.2 | 275.1 | 0.9 | 0.9 | 0.25 | 402.3 | 421 |
Note: all numbers are rounded.
* AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
Phase 2 Drilling
The most significant recent drill results (uncut, undiluted) in the Babicanora Area only; January 29, 2018
| Hole No. | From (m) |
To (m) |
Drill Intercept (m) |
Est. True Width (m) |
Au gpt |
Ag gpt |
AgEq* gpt |
| BA17-52 | 340.4 | 343.9 | 3.5 | 2.7 | 7.20 | 593.9 | 1,134 |
| incl. | 341.9 | 342.8 | 0.9 | 0.7 | 24.60 | 2,150.0 | 3,995 |
| BA17-53 | 363.8 | 366.7 | 2.9 | 2.2 | 3.15 | 378.9 | 615 |
| incl. | 365.8 | 366.7 | 0.9 | 0.7 | 5.25 | 632.0 | 1,026 |
| BA17-56 | 306.4 | 309.3 | 2.9 | 2.1 | 0.49 | 190.1 | 227 |
| BA17-58 | 340.7 | 345.7 | 5.0 | 3.3 | 1.96 | 176.3 | 323 |
| incl. | 340.7 | 341.8 | 1.1 | 0.8 | 3.92 | 436.0 | 730 |
| incl. | 344.8 | 345.7 | 0.9 | 0.7 | 2.94 | 369.0 | 590 |
| BA17-59 | 371.5 | 373.4 | 1.9 | 1.3 | 1.04 | 156.5 | 235 |
| BA17-61 | 322.0 | 326.2 | 4.2 | 3.0 | 1.09 | 173.9 | 256 |
| BA17-63 | 468.7 | 473.3 | 4.5 | 3.5 | 41.05 | 1,074.5 | 4,153 |
| incl. | 468.7 | 471.3 | 2.5 | 1.9 | 72.50 | 1,800.0 | 7,238 |
| BA18-64 | 380.0 | 383.0 | 3.0 | 2.6 | 2.21 | 273.3 | 439 |
| incl. | 381.0 | 382.0 | 1.0 | 0.8 | 6.48 | 801.0 | 1,287 |
| BA18-65 | 382.6 | 387.6 | 5.0 | 3.9 | 12.13 | 1,411.6 | 2,321 |
| incl. | 384.1 | 385.7 | 1.6 | 1.2 | 27.73 | 2,718.4 | 4,798 |
| incl. | 386.2 | 387.6 | 1.4 | 1.0 | 8.73 | 887.0 | 1,542 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
The most significant recent drill results (uncut, undiluted) in the Las Chispas Area only; November 28, 2017
| Hole No.*** | From (m) |
To (m) |
Est. True Thickness** (m) |
Au Gpt |
Ag Gpt |
AgEq* Gpt |
Vein |
| LC17-57 | 160.3 | 160.8 | 0.5 | 1.28 | 167.0 | 263 | Varela |
| LC17-58 | 319.9 | 321.9 | 2.0 | 0.28 | 221.5 | 243 | Un-Named |
| 440.8 | 443.0 | 2.2 | 0.98 | 172.5 | 246 | Las Chispas | |
| LC17-60 | 100.6 | 102.7 | 2.1 | 2.28 | 469.5 | 641 | La Blanquita |
| LC17-61 | 115.5 | 117.1 | 1.6 | 2.39 | 516.0 | 695 | La Blanquita |
| LC17-65 | 243.0 | 244.5 | 1.5 | 13.22 | 2,006.7 | 2,999 | Un-Named |
| LC17-66 | 134.2 | 135.6 | 1.4 | 1.15 | 132.2 | 218 | Giovanni |
| 221.7 | 222.7 | 1.0 | 1.30 | 160.0 | 258 | Un-Named | |
| LC17-68 | 106.0 | 108.0 | 2.0 | 5.85 | 1,191.5 | 1,630 | Giovanni |
| 138.9 | 140.0 | 1.1 | 0.05 | 320.0 | 324 | Un-Named | |
| LC17-69 | 168.2 | 169.8 | 1.6 | 1.95 | 252.0 | 398 | Las Chispas & Giovanni |
| incl. | 168.2 | 168.7 | 0.5 | 4.15 | 512.0 | 823 | |
| 179.1 | 180.9 | 1.8 | 0.32 | 306.9 | 330 | Un-Named | |
| LC17-70 | 157.8 | 158.3 | 0.5 | 0.17 | 239.0 | 252 | Las Chispas |
| LC17-72 | 115.0 | 119.0 | 4.0 | 18.61 | 696.2 | 2,092 | Giovanni |
| incl. | 115.0 | 115.8 | 0.8 | 92.60 | 2,890.0 | 9,835 | |
| 178.9 | 179.6 | 0.7 | 1.18 | 176 | 265 | Las Chispas | |
| 246.9 | 247.9 | 1.0 | 1.43 | 196 | 303 | Un-Named | |
| 254.9 | 256.7 | 1.8 | 3.41 | 265.4 | 521 | Un-Named | |
| LCU17-02 | 6.8 | 10.0 | 2.2 | 9.42 | 1,369.3 | 2,076 | Las Chispas |
| LCU17-03 | 0.0 | 2.0 | 2.0 | 0.84 | 114.0 | 177 | Las Chispas |
| LCU17-04 | 34.3 | 42.5 | 6.3 | 1.97 | 241.4 | 389 | Tajo Chico |
| Incl. | 34.3 | 36.3 | 1.7 | 1.99 | 219.6 | 369 | |
| incl. | 40.3 | 41.0 | 0.4 | 13.75 | 1,745.0 | 2,776 | |
| Incl. | 42.0 | 42.5 | 0.4 | 3.43 | 436.0 | 693 | |
| LCU17-05 | 54.1 | 54.6 | 0.5 | 1.65 | 253.0 | 377 | Tajo Chico |
| 76.7 | 77.8 | 1.1 | 1.41 | 213.4 | 319 | Giovanni | |
| LCU17-07A | 46.5 | 49.5 | 2.5 | 1.45 | 145.7 | 254 | Tajo Chico |
| Note: all numbers are rounded *AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery. **True thickness is 80 to 100% of drilled thickness. ***Las Chispas surface holes begin with “LC” and underground holes begin with “LCU”. |
The most significant recent drill intercepts (uncut, undiluted) within the Babicanora Vein only: November 27, 2017
| Hole No. | From (m) |
To (m) |
Drill Intercept (m) |
Est. True Thickness (m) |
Au Gpt |
Ag gpt |
AgEq* gpt |
| BA17-29 | 142.7 | 144.8 | 2.1 | 1.5 | 1.78 | 101.1 | 235 |
| BA17-31 | 313.7 | 317.5 | 3.8 | 3.8 | 5.65 | 451.5 | 875 |
| incl. | 314.2 | 315.4 | 1.3 | 1.2 | 16.10 | 973.0 | 2,182 |
| BA17-32 | 108.5 | 114.9 | 6.3 | 4.0 | 1.50 | 101.1 | 214 |
| incl. | 111.9 | 114.9 | 2.9 | 1.8 | 2.50 | 153.0 | 341 |
| BA17-33 | 225.7 | 228.9 | 3.2 | 3.1 | 5.08 | 570.5 | 951 |
| incl. | 225.7 | 226.2 | 0.5 | 0.4 | 17.65 | 1,495.0 | 2,819 |
| incl. | 228.1 | 228.9 | 0.8 | 0.7 | 8.76 | 1,290.0 | 1,947 |
| BA17-36 | 241.4 | 243.5 | 2.1 | 2.0 | 3.65 | 451.6 | 725 |
| incl. | 242.0 | 242.7 | 0.7 | 0.7 | 10.25 | 1,280.0 | 2,049 |
| BA17-37 | 75.3 | 77.8 | 2.5 | 2.5 | 1.14 | 117.8 | 203 |
| BA17-38 | 15.0 | 18.6 | 3.6 | 3.6 | 4.21 | 165.0 | 481 |
| incl. | 15.0 | 15.7 | 2.1 | 0.7 | 18.10 | 590.0 | 1,948 |
| BA17-41 | 90.6 | 95.3 | 4.7 | 4.0 | 1.32 | 119.2 | 218 |
| incl. | 91.2 | 92.2 | 1.0 | 1.0 | 4.44 | 289.0 | 622 |
| BA17-42 | 279.8 | 282.4 | 2.6 | 2.2 | 3.79 | 388.1 | 673 |
| incl. | 279.8 | 280.5 | 0.6 | 0.5 | 12.35 | 1,210.0 | 2,136 |
| BA17-43 | 324.4 | 328.0 | 3.6 | 3.2 | 26.95 | 1,493.6 | 3,515 |
| incl. | 324.4 | 325.1 | 0.7 | 0.6 | 137.00 | 4,720.0 | 14,995 |
| incl. | 327.0 | 328.0 | 1.0 | 0.9 | 7.42 | 787.0 | 1,344 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
The most significant drill intercepts (uncut, undiluted) within the Babicanora area: Oct 19, 2017
| Hole No. | From (m) |
To (m) |
Est. True Thickness (m) |
Au gpt |
Ag Gpt |
AgEq* gpt |
Vein |
| BA17-17 | 273.0 | 276.0 | 2.9 | 5.62 | 172.7 | 594 | Babicanora |
| Includes | 274.0 | 275.0 | 0.8 | 14.75 | 182.0 | 1,288 | |
| 262.0 | 262.5 | 0.4 | 8.70 | 783.0 | 1,435 | Babicanora FW |
|
| BA17-18 | 148.9 | 152.9 | 3.0 | 4.34 | 130.4 | 456 | Babicanora |
| Includes | 148.9 | 149.5 | 0.5 | 6.33 | 381.0 | 855 | |
| includes | 151.3 | 151.9 | 0.4 | 11.6 | 37.0 | 907 | |
| 140.7 | 141.3 | 0.4 | 3.46 | 233.0 | 492 | Unknown | |
| BA17-20 | 75.7 | 78.2 | 2.0 | 3.05 | 77.8 | 307 | Amatista |
| Includes | 76.5 | 77.5 | 0.8 | 6.16 | 121.0 | 583 | |
| BA17-21 | 15.5 | 16.0 | 0.5 | 4.67 | 289.0 | 693 | Babicanora FW |
| BA17-23 | 131.0 | 136.0 | 4.0 | 0.05 | 397.4 | 401 | Babicanora |
| Includes | 131.0 | 132.0 | 0.8 | 0.05 | 1,101.5 | 1,105 | |
| BA17-26 | 160.0 | 161.0 | 1.0 | 2.02 | 31.0 | 183 | Babicanora |
| BA17-27 | 286.5 | 291.0 | 4.1 | 3.56 | 137.0 | 404 | Babicanora |
| Includes | 289.5 | 291.0 | 1.4 | 7.15 | 147.0 | 683 | |
| GR17-01 | 187.5 | 188 | 0.5 | 0.95 | 103.0 | 174 | Granaditas |
| GR17-02 | 138.9 | 140.6 | 1.7 | 3.63 | 190.1 | 462 | Granaditas |
| Includes | 139.9 | 140.6 | 0.7 | 8.16 | 387.0 | 999 |
| Note: all numbers are rounded. *AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery. |
Babicanora Vein Only, Sept 14, 2017
| Hole No.** | From (m) |
To (m) |
Est. True Thickness (m) |
Au gpt |
Ag gpt |
AgEq* gpt |
| UB17-11 | 85.1 | 92.5 | 3.7 | 2.58 | 332.6 | 526 |
| includes | 89.8 | 91.9 | 1.1 | 8.55 | 761.2 | 1,402 |
| UB17-12 | 113.7 | 121.8 | 3.6 | 0.14 | 266.7 | 277 |
| BA17-07 | 207.6 | 219.6 | 4.8 | 4.63 | 250.9 | 598 |
| includes | 218.2 | 219.6 | 0.5 | 9.95 | 318.1 | 1,064 |
| BA17-10 | 80.5 | 81.0 | 0.5 | 4.78 | 37.0 | 396 |
| BA17-12 | 140.1 | 142.6 | 2.2 | 1.91 | 138.9 | 282 |
| includes | 140.1 | 140.9 | 0.8 | 3.70 | 154.0 | 432 |
| BA17-13 | 276.5 | 278.4 | 1.9 | 0.29 | 394.4 | 416 |
| includes | 277.8 | 278.4 | 0.6 | 0.05 | 866.0 | 870 |
| BA17-14 | 134.6 | 137.2 | 2.1 | 2.01 | 160.5 | 311 |
| includes | 134.6 | 135.2 | 0.5 | 6.61 | 588.0 | 1,084 |
Giovanni, William Tell, Varela and La Blanquita Veins August 3rd, 2017
| Vein | Hole No. | From (m) |
To (m) |
Est. True Thickness (m) |
Au gpt |
Ag gpt |
AgEq* gpt |
| Giovanni | |||||||
| LC-17-39 | 323.0 | 325.4 | 2.2 | 0.81 | 122.0 | 183 | |
| LC-17-45 | 159.6 | 161.9 | 1.9 | 50.56 | 5,018.8 | 8,803 | |
| Includes | 161.1 | 161.9 | 0.7 | 137.50 | 13,560.0 | 23,873 | |
| 167.4 | 167.9 | 0.5 | 1.05 | 190.0 | 269 | ||
| 172.6 | 173.1 | 0.4 | 3.72 | 506.0 | 785 | ||
| 179.4 | 180.3 | 0.7 | 1.96 | 255.0 | 402 | ||
| 222.3 | 227.1 | 4.1 | 1.71 | 231.8 | 360 | ||
| LC-17-52 | 358.4 | 358.9 | 0.5 | 2.96 | 107.0 | 329 | |
| William Tell | |||||||
| LC-16-27** | 51.4 | 52.4 | 1.0 | 2.03 | 313.0 | 465 | |
| LC-17-30 | 249.9 | 251.8 | 1.9 | 0.39 | 427.8 | 457 | |
| LC-17-33 | 253.6 | 254.1 | 0.4 | 1.32 | 154.0 | 253 | |
| LC-17-47 | 214.6 | 215.0 | 0.3 | 7.42 | 417.0 | 974 | |
| LC-17-48 | 170.6 | 171.1 | 0.5 | 0.49 | 231.0 | 268 | |
| LC-17-49 | 217.4 | 217.9 | 0.5 | 3.14 | 595.0 | 831 | |
| LC-17-51 | 204.8 | 205.8 | 1.0 | 2.11 | 214.0 | 372 | |
| Varela | |||||||
| LC17-40 | 133.2 | 133.9 | 0.7 | 0.96 | 124.0 | 206 | |
| LC17-55 | 179.9 | 180.7 | 0.8 | 2.67 | 272.0 | 472 | |
| La Blanquita | |||||||
| LC17-56 | 54.0 | 55.0 | 1.0 | 1.23 | 362.0 | 454 | |
| Unnamed | |||||||
| LC-17-50 | 17.5 | 18.2 | 0.6 | 2.52 | 256.0 | 445 | |
| LC-17-51 | 118.5 | 119.0 | 0.5 | 1.04 | 193.0 | 271 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada. **Previously announced drill intercept in the Las Chispas Vein that was below the cut-off grade of 150 gpt AgEq*; Hole LC16-27 intercepted William Tell Vein with grades above the Company’s cut-off. See May 11, 2017 news release.
Babicanora Vein only June 22, 2017
| Hole No. ** |
From (m) | To (m) | Est. True Thickness (m) |
Au gpt |
Ag gpt |
AgEq* gpt |
| BA17-04 | 43.9 | 53.4 | 6.6 | 1.03 | 328.5 | 406 |
| Includes | 50.2 | 53.4 | 1.6 | 2.21 | 437.0 | 602 |
| BA17-05 | 50.3 | 53.9 | 2.0 | 3.78 | 67.8 | 347 |
| Includes | 50.9 | 52.3 | 0.7 | 9.48 | 111.0 | 822 |
| UB17-08 | 54.6 | 55.8 | 1.2 | 3.53 | 303.0 | 568 |
| UB17-09 | 70.2 | 77.8 | 7.6 | 4.08 | 196.1 | 502 |
| Includes | 75.6 | 77.8 | 2.2 | 10.8 | 181.0 | 991 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Babicanora surface holes begin with “BA” and underground holes begin with “UB”.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.
ALL NEW VEIN INTERCEPTS, May 11, 2017
| Hole No. | From (m) | To (m) | Est. True Thickness (m)** |
Au gpt | Ag gpt | AgEq* gpt |
Vein |
| LC16-20 | 131.0 | 132.0 | 1.0 | 0.05 | 306.0 | 309 | Giovanni |
| LC16-21 | 131.5 | 133.0 | 1.5 | 2.08 | 0.2 | 156 | Unnamed |
| LC16-22 | 198.0 | 200.2 | 2.2 | 1.29 | 162.6 | 259 | Las Chispas Main |
| LC16-26 | 11.7 | 12.7 | 1.0 | 5.65 | 316.0 | 739 | Unnamed |
| LC17-29 | 299.6 | 301.9 | 2.3 | 0.70 | 125.1 | 177 | Giovanni |
| LC17-34 | 115.6 | 116.0 | 0.4 | 3.54 | 555.0 | 820 | Unnamed |
| 155.2 | 157.3 | 2.1 | 1.76 | 215.5 | 347 | Giovanni | |
| 203.5 | 203.9 | 0.4 | 0.89 | 147.0 | 213 | Las Chispas Main | |
| 214.0 | 214.9 | 0.9 | 1.03 | 151.0 | 228 | Unnamed | |
| LC17-35 | 106.5 | 108.6 | 2.1 | 3.40 | 329.7 | 585 | Giovanni |
| Includes | 107.4 | 108.0 | 0.6 | 10.85 | 890.0 | 1,703 | Giovanni |
| 134.0 | 134.5 | 0.5 | 7.50 | 1,095.0 | 1,657 | Giovanni | |
|
LC17-36 |
57.7 | 58.5 | 0.8 | 0.96 | 182.0 | 254 | Las Chispas Main |
| LC17-37 | 176.4 | 177.6 | 1.2 | 1.60 | 203.0 | 323 | Unnamed |
| 205.3 | 207.6 | 2.3 | 3.57 | 577.8 | 845 | Giovanni | |
| Includes | 205.3 | 205.8 | 0.5 | 5.13 | 815.0 | 1,199 | Giovanni |
| LC17-38 | 146.5 | 147.4 | 0.9 | 4.42 | 563.7 | 895 | Giovanni |
| Includes | 146.9 | 147.4 | 0.5 | 7.82 | 1,002.0 | 1,586 | Giovanni |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
GIOVANNI VEIN INTERCEPTS ONLY (COMPOSITED)
| Hole No.** |
From (m) |
To (m) |
Est. True Thickness (m) |
Au gpt | Ag gpt | AgEq* gpt |
| LC16-05 | 167 | 172 | 4.6 | 4.56 | 621.5 | 963 |
| LC16-06 | 66 | 67 | 0.7 | 14.90 | 1,815.0 | 2,932 |
| LC16-07 | 144 | 145 | 0.7 | 1.73 | 164.0 | 293 |
| LC16-08 | 171 | 182 | 7.2 | 2.41 | 311.5 | 492 |
| LC16-11 | 108 | 110 | 1.6 | 1.32 | 152.6 | 251 |
| LC16-17 | 81 | 82 | 1.0 | 2.27 | 306.0 | 476 |
| LC16-18 | 80 | 81 | 1.0 | 1.55 | 706.0 | 822 |
| LC16-19 | 167 | 168 | 1.1 | 1.07 | 143.0 | 223 |
| LC16-20 | 131 | 132 | 1.0 | 0.05 | 306.0 | 309 |
| LC17-29 | 299.6 | 301.9 | 2.3 | 0.70 | 125.1 | 177 |
| LC17-34 | 155.2 | 157.3 | 2.1 | 1.76 | 215.5 | 347 |
| LC17-35 | 106.5 | 108.6 | 2.1 | 3.40 | 329.7 | 585 |
| LC17-35 | 134 | 134.5 | 0.5 | 7.50 | 1,095.0 | 1,657 |
| LC17-37 | 205.3 | 207.6 | 2.3 | 3.57 | 577.8 | 845 |
| LC17-38 | 146.5 | 147.4 | 0.9 | 4.42 | 563.7 | 895 |
|
Wt. Ave. |
|
|
2.0 | 2.94 | 413.2 | 633 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Includes drill results reported on August 2, 2016 and September 14, 2016 that the Company previously assumed were intercepts for the Las Chispas Main Vein.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
The following table summarizes the most significant drill assay results (uncut, undiluted) for the Babicanora Vein only; March 2, 2017
| Hole No. | From (m) |
To (m) |
Drilled Thickness (m) |
Est. True Thickness (m) |
Au gpt | Ag gpt | AgEq* gpt |
| UB17-01 | 33.5 | 40.9 | 7.4 | 4.5 | 1.30 | 343.0 | 440 |
| Includes | 33.5 | 34.4 | 0.9 | 0.5 | 7.99 | 805.0 | 1,404 |
| Includes | 39.9 | 40.9 | 1.0 | 0.6 | 0.62 | 1,230.0 | 1,277 |
| UB17-01a | 17.9 | 20.9 | 3.0 | 2.0 | 0.08 | 450.3 | 456 |
| Includes | 18.9 | 19.9 | 1.0 | 0.7 | 0.05 | 754.0 | 757 |
| 20.9 | 28.1 | 7.2 | 4.8 | 0.05 | 41.5 | 45 | |
| UB17-03 | 23.0 | 29.9 | 6.9 | 2.8 | 3.29 | 447.2 | 694 |
| includes | 26.8 | 29.9 | 3.1 | 1.3 | 7.06 | 719.0 | 1,249 |
| 29.9 | 150.1 | 120.2 | 49.0 | 0.07 | 17.6 | 23 | |
| Includes | 29.9 | 68.2 | 38.3 | 15.5 | 0.06 | 32.8 | 38 |
| UB17-04 | 9.1 | 15.6 | 6.5 | 5.0 | 3.91 | 182.5 | 476 |
| includes | 10.8 | 13.8 | 3.0 | 2.3 | 7.06 | 133.0 | 662 |
| 15.6 | 50.5 | 34.9 | 27.0 | 0.09 | 23.4 | 30 | |
| UB17-05 | 7.7 | 14.5 | 6.8 | 6.1 | 4.84 | 383.0 | 746 |
| includes | 8.7 | 10.7 | 2.0 | 1.8 | 13.68 | 1,149.7 | 2,176 |
| includes | 10.0 | 10.7 | 0.7 | 0.6 | 4.63 | 2,560.0 | 2,907 |
| 14.5 | 28.3 | 13.8 | 12.5 | 0.24 | 22.8 | 41 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
Phase 1 Drilling
The following table summarizes the most significant drill assay results (uncut, undiluted) for the Las Chispas vein only; September 14, 2016
| Hole No. | Location | From (m) | To (m) | True Thickness** |
Au gpt | Ag gpt | AgEq gpt * |
| LC-16-17 | Las Chispas Vein | 81.0 | 82.0 | 1.0 | 2.27 | 306.0 | 476.2 |
| LC-16-18 | Las Chispas Vein | 80.0 | 81.0 | 1.0 | 1.55 | 706.0 | 822.2 |
| LC-16-19 | Las Chispas Vein | 167.0 | 168.0 | 1.0 | 1.07 | 143.0 | 223.3 |
| LC-16-18 | Adjacent Footwall Vein*** | 118.0 | 119.0 | 1.0 | 0.92 | 113.0 | 182.0 |
| LC-16-19 | Adjacent Footwall Vein | 186.0 | 189.0 | 3.0 | 0.30 | 68.1 | 91.1 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
** All holes were drilled at perpendicular angles to mineralization with no adjustments required. Minimum sample width is 1.0 m.
*** Intercept is for a new consistent vein in the footwall of Las Chispas Vein as previous drilled and defined.
The following table summarizes the most significant drill assay results (uncut) for the William Tell vein and the previously unidentified veins; September 7, 2016
| William Tell Drill Hole Intercepts within Potentially High Grade Corridor > 150 gpt AgEq | |||||||||
| Hole No. | From (m) | To (m) | Drilled Thickness (m) | Est. True Thickness (m)** | Au gpt | Ag gpt | AgEq* gpt | ||
| LC16-03 | 172 | 176 | 4 | 1.5 | 2.03 | 683 | 835 | ||
| includes | 173 | 175 | 2 | 0.8 | 3.81 | 1,102 | 1,388 | ||
| LC16-12 | 118 | 119 | 1 | 0.9 | 2.40 | 229 | 409 | ||
| LC16-13 | 168 | 172 | 4 | 3.2 | 1.08 | 141 | 222 | ||
| includes | 168 | 169 | 1 | 0.8 | 3.58 | 249 | 517 | ||
| Includes | 171 | 172 | 1 | 0.8 | 0.23 | 249 | 266 | ||
| LC16-15 | 197.5 | 199 | 1.5 | 1.3 | 1.94 | 352 | 497 | ||
| New Identified Vein Intercepts adjacent to the William Tell Vein | |||||||||
| LC16-13 | 180 | 181 | 1 | 0.8 | 4.79 | 364 | 723 | ||
| LC16-16 | 93 | 94 | 1 | 0.9 | 6.57 | 395 | 888 | ||
| William Tell Drill Hole Intercepts < 150 gpt AgEq | |||||||||
| LC16-02 | 94 | 95 | 1 | 0.5 | 0.97 | 20 | 94 | ||
| LC16-04 | 201 | 205 | 4 | 1.7 | 0.04 | 69 | 72 | ||
| LC16-16 | 270 | 272 | 2 | 1.8 | 0.01 | 39 | 40 | ||
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
** All holes were drilled at angles to mineralization; true thickness is estimated based on geometry of the vein model.
The following table summarizes the most significant drill assay results (uncut, undiluted) for the Las Chispas vein only; August 2, 2016
Hole No. |
From (m) |
To (m) | Drilled Thickness (m) |
Est. True Thickness (m)** |
Au gpt | Ag gpt | AgEq* gpt |
| LC16-05 | 149.0 | 150.0 | 1.0 | 0.9 | 2.10 | 226.0 | 383.5 |
| 167.0 | 172.0 | 5.0 | 4.6 | 4.56 | 621.5 | 963.2 | |
| includes | 171.0 | 172.0 | 1.0 | 0.8 | 18.55 | 2,460.0 | 3,851.3 |
| LC16-06 | 66.0 | 67.0 | 1.0 | 0.7 | 14.90 | 1,815.0 | 2,932.5 |
| LC16-07 | 144.0 | 145.0 | 1.0 | 0.7 | 1.73 | 164.0 | 293.8 |
| LC16-08 | 143.0 | 145.0 | 2.0 | 1.4 | 1.58 | 163.5 | 282.5 |
| 171.0 | 182.0 | 11.0 | 7.2 | 2.41 | 311.5 | 492.5 | |
| includes | 171.0 | 176.0 | 5.0 | 3.3 | 2.25 | 276.3 | 444.8 |
| includes | 181.0 | 182.0 | 1.0 | 0.7 | 14.40 | 1,900.0 | 2,980.0 |
| LC16-11 | 95.0 | 96.0 | 1.0 | 0.9 | 1.32 | 198.0 | 297.0 |
| 108.0 | 110.0 | 2.0 | 1.6 | 1.30 | 152.6 | 251.8 |
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
** All holes were drilled at apparent angles to mineralization and adjusted for true thickness. Las Chispas Main Vein in bold.
*** Drill hole grade intercepts range from 1.3 gpt Au and 152.6 gpt Ag to 18.55 gpt Au and 2,460 gpt Ag with a weighted average grade of 3.52 gpt Au and 454.8 gpt Ag.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
Underground Channel Sampling
The following table summarizes the most significant channel sample results (uncut, undiluted) in the Las Chispas Vein only: October 26, 2017
Summary of Composites
| Level** & Composite No. |
Strike Length | Ave. True Thickness (m) |
Au (gpt) |
Ag (gpt) |
AgEq* (gpt) |
|
| From (m) |
To (m) |
|||||
| 400-1 | 0.0 | 20.0 | 2.9 | 5.8 | 1,024 | 1,461 |
| 500-1 | 0.0 | 50.0 | 3.0 | 2.2 | 286 | 450 |
| 500-2 | 0.0 | 20.0 | 3.0 | 4.0 | 551 | 853 |
| 550-1 | 0.0 | 40.0 | 5.0 | 1.8 | 246 | 379 |
| 550-2 | 0.0 | 35.5 | 4.9 | 4.9 | 632 | 998 |
Select Channel Samples Included in Above Composites
| Level** No. | Sample No. | Ave. True Thickness (m) |
Au (gpt) |
Ag (gpt) |
AgEq* (gpt) |
| 400 | 596106-596118 | 3.0 | 9.13 | 1,828 | 2,513 |
| Includes | 596117 | 0.3 | 33.30 | 8,340 | 10,837 |
| 400 | 596120-596133 | 3.0 | 3.74 | 488 | 769 |
| Includes | 596131 | 1.1 | 15.80 | 1,860 | 3,045 |
| 500 | 595787-595789 & 595922 |
2.6 | 9.27 | 1,242 | 1,937 |
| Includes | 595922 | 1.0 | 20.60 | 2,082 | 4,365 |
| 500 | 595963-595966 | 2.5 | 5.99 | 872 | 1,321 |
| Includes | 595964 | 0.6 | 15.90 | 2,390 | 3,583 |
| 550 | 595471, 595472, 595474, 595504- 595509 |
6.4 | 6.28 | 857 | 1,328 |
| Includes | 595509 | 0.8 | 31.70 | 4,390 | 6,768 |
| 550 | 595585-595587, 595542, 595544 |
3.8 | 8.05 | 847 | 1,451 |
| Includes | 595587 | 0.7 | 6.26 | 551 | 1,021 |
| Includes | 595542 | 0.8 | 28.00 | 2,930 | 5,030 |
| 550 | 585975, 595536- 595540 |
4.5 | 12.08 | 1,610 | 2,516 |
| Includes | 595540 | 0.5 | 36.90 | 4,790 | 7,558 |
| 550 | 585988-585992 | 3.0 | 3.74 | 502 | 783 |
| Includes | 585990 | 0.8 | 5.60 | 776 | 1,196 |
| 550 | 585979-585987 | 6.5 | 4.36 | 604 | 930 |
| Includes | 585985 | 0.8 | 11.45 | 1,435 | 2,294 |
| Note: all numbers are rounded. |
| *AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery. |
| **Level number is based on historical mine level in feet from surface collar of historic shaft. |
The following table summarizes the 14 most significant un-composited assay results (uncut, undiluted) from the Las Chispas Vein 550 level:
| Las Chispas 550 Level** Sample Type |
Sample Width (m)*** |
Au (gpt) |
Ag (gpt) |
AgEq* (gpt) |
| Chip/Channel | 1.0 | 4.48 | 698 | 1,034 |
| Chip/Channel | 1.5 | 1.83 | 264 | 401 |
| Chip/Channel | 0.8 | 3.77 | 543 | 826 |
| Chip/Channel | 0.9 | 0.76 | 310 | 367 |
| Chip/Channel | 0.9 | 1.69 | 269 | 396 |
| Chip/Channel | 0.7 | 1.82 | 278 | 415 |
| Chip/Channel | 0.6 | 1.72 | 334 | 463 |
| Chip/Channel | 0.6 | 13.35 | 1,720 | 2,721 |
| Chip/Channel | 0.9 | 8.73 | 1,255 | 1,910 |
| Chip/Channel | 0.8 | 11.45 | 1,435 | 2,294 |
| Chip/Channel | 1.1 | 7.75 | 1,215 | 1,796 |
| Chip/Channel | 1.0 | 4.39 | 582 | 911 |
| Chip/Channel | 0.8 | 5.60 | 776 | 1,196 |
| Chip/Channel | 0.5 | 3.62 | 503 | 775 |
Note: all numbers are rounded.
*AgEq based on 75 Ag : 1 Au and 100% metallurgical recovery.
** Level number is based on historical mine level in feet (not metres) from surface collar of historic shaft.
*** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Ongoing and planned drilling may suggest wider mineralized zones.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
El Sheik Historic workings Varela Main Vein only
Mineralized Area |
Sample Type |
Width** (m) |
Au (gpt) |
Ag (gpt) |
AgEq* (gpt) |
| Level 1 | Chip/Channel | 0.63 | 7.14 | 129.0 | 664.5 |
| Level 2 shaft | Chip/Channel | 0.32 | 12.45 | 499.0 | 1,432.7 |
| Level 3 | Chip/Channel | 0.42 | 9.20 | 94.2 | 784.2 |
| Level 4 | Chip/Channel | 0.30 | 9.58 | 211.0 | 929.5 |
| Level 4 | Chip/Channel | 0.36 | 8.88 | 203.0 | 869.0 |
| Level 4 | Chip/Channel | 1.60 | 8.56 | 307.2 | 949.4 |
| Including | Chip/Channel | 0.30 | 40.90 | 610.0 | 3,677.5 |
| Level 4 North Vein | Chip/Channel | 0.97 | 4.64 | 1,074.1 | 1,422.3 |
| Including | Chip/Channel | 0.64 | 0.23 | 1,450.0 | 1,467.3 |
| Including | Chip/Channel | 0.33 | 13.20 | 345.0 | 1,335.0 |
| Level 4 North Vein | Chip/Channel | 0.46 | 9.15 | 274.0 | 960.2 |
| Level 4 North Vein | Chip/Channel | 1.31 | 8.62 | 556.7 | 1,203.4 |
| including | Chip/Channel | 0.89 | 9.45 | 692.0 | 1,400.7 |
| including | Chip/Channel | 0.42 | 6.87 | 270.0 | 785.2 |
| Level 4 North Vein | Chip/Channel | 0.37 | 20.80 | 929.0 | 2,489.0 |
| Level 4 North Vein | Chip/Channel | 0.36 | 8.78 | 135.0 | 793.5 |
| Level 4 North Vein | Chip/Channel | 0.29 | 3.81 | 699.0 | 984.7 |
| Level 4 North Vein | Chip/Channel | 0.54 | 6.11 | 398.0 | 856.3 |
| Level 4 North Vein | Chip/Channel | 0.61 | 18.25 | 947.0 | 2,315.8 |
| Level 4 North Vein | Chip/Channel | 1.27 | 5.81 | 235.9 | 671.9 |
| including | Chip/Channel | 0.46 | 15.00 | 419.0 | 1,544.0 |
| Level 4 South Vein | Chip/Channel | 0.38 | 17.65 | 359.0 | 1,682.7 |
| Level 4 South Vein | Chip/Channel | 0.97 | 4.64 | 1,074.1 | 1,422.3 |
Note: all numbers are rounded.
*AgEq based on 75(Ag):1(Au) and 100% metallurgical recovery.
** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Drilling may suggest wider mineralized zones.
William Tell Vein
| William Tell 450 & 650 Level Channel Sampling >500gpt AgEq | |||||
| Mineralized Area | Sample Type |
Width*** (m) | Au (gpt) | Ag (gpt) | AgEq* (gpt) |
| William Tell South 650 level | Channel | 0.94 | 1.78 | 477 | 610 |
| Channel | 0.68 | 7.41 | 1,109 | 1,664 | |
| Includes | 0.37 | 13.40 | 1,560 | 2,565 | |
| Includes | 0.31 | 0.26 | 571 | 590 | |
| Channel | 0.98 | 1.20 | 969 | 1,059 | |
| Channel | 0.93 | 10.85 | 1,895 | 2,708 | |
| Channel | 1.12 | 9.47 | 1,910 | 2,620 | |
| Channel | 0.55 | 4.27 | 686 | 1,006 | |
| Channel | 0.55 | 32.50 | 1,665 | 4,102 | |
| Channel | 0.33 | 23.60 | 2,730 | 4,500 | |
| Channel | 2.25 | 1.93 | 672 | 816 | |
| Includes | 0.20 | 16.65 | 1,570 | 2,818 | |
| Includes | 1.10 | 0.75 | 1,000 | 1,056 | |
| Channel | 0.40 | 8.64 | 576 | 1,224 | |
| Channel | 1.30 | 5.13 | 307 | 692 | |
| Includes | 0.30 | 17.45 | 1,100 | 2,409 | |
| William Tell North 450 Level | Channel | 1.50 | 0.16 | 2,170 | 2,182 |
| Channel | 4.20 | 14.15 | 225 | 1,286 | |
| Channel | 3.00 | 6.62 | 88 | 584 | |
| Channel | 2.00 | 14.25 | 293 | 1,362 | |
*AgEq based on 75(Ag):1(Au) and 100% metallurgical recovery.
** Level number is based on historical mine level in feet (not metres) from surface collar of historic shaft.
*** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Ongoing and planned drilling may suggest wider mineralized zones.
All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.
Las Chispas Vein
| Mineralized Area |
Sample Type |
Width*** (m) |
Au (gpt) | Ag (gpt) | AgEq* (gpt) |
| 300 Level ** | Channel | 0.6 | 7.99 | 867.0 | 1,466.3 |
| Channel | 0.4 | 6.50 | 1,080.0 | 1,567.5 | |
| Channel | 0.3 | 11.25 | 1,140.0 | 1,983.8 | |
| Channel | 2.2 | 1.09 | 1,260.0 | 1,341.8 | |
| Channel | 2.2 | 0.05 | 1,340.0 | 1,343.8 | |
| Channel | 1.1 | 2.93 | 1,270.0 | 1,489.8 | |
| Channel | 0.7 | 3.71 | 780.0 | 1,058.3 | |
| Channel | 0.5 | 5.85 | 874.0 | 1,312.8 | |
| Channel | 1.0 | 6.52 | 797.0 | 1,286.0 | |
Refer to Technical Report and Mineral Estimate for the Las Chispas Property Sonora, Mexico, dated April 23, 2018, with effective date February 12, 2018
Email Sign Up