>>Dan, Sinclair ETF writings seem important to me. I was wondering if you would post it. You don't miss much.<< ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I read him every day and often wonder why I do. <g>
However, every now and then, he slips up and writes something relevant.....
Hole W-338 mineralized for 420 meter interval averaging 0.91 g/t gold and 55 g/t silver
Western Silver Corporation today announced that assay results from Phase 16B drilling have extended the mineralized zone at Penasco by at least 150 meters to the southwest. One hole, WC-338, drilled at -60 degrees from east to west, was mineralized from 162 meters to 806 meters with a 420 meter interval (beginning at 386 meters) averaging 0.91 g/t gold, 55 g/t silver, 0.60% lead and 1.00% zinc.
Another hole, WC-334, drilled due north at -50 degrees from a point 50 meters east and 300 meters south of the WC-338 collar intersected 478 meters of mineralization beginning at a depth of 154 meters averaging 1.87 g/t gold, 31 g/t silver, 0.21% lead and 0.63% zinc. The area west and south of these holes is currently being grid drilled with four rigs and has the potential to significantly increase the size of the mineral resource at Penasco.
In total 12 holes were drilled totaling 8,146 meters. Nine of the twelve holes are located at Penasco, with two holes drilled at La Palma and one in the Azul breccia.
Two holes drilled adjacent to WC-334 at Penasco (WC-339 and WC-340) also contain strong mineralization. WC-340, drilled due north at -50 degrees from a point 100 meters north of WC-334, contains 362 meters beginning at 94 meters averaging 0.93 g/t gold, 72 g/t silver, 0.65% lead and 1.73% zinc. Included within this zone is a 10 meter interval from 352 to 362 meters averaging 8.47 g/t gold, 637 g/t silver, 0.72% lead and 7.24% zinc.
Holes WC-332, WC-335, WC-336 and WC-341 are infill holes in southern and eastern Penasco that contain thick mineralized intervals with gold values from 0.70 g/t to 1.01 g/t. Hole WC-331 was drilled due west at -60 degrees from a site 300 meters north of WC-338. The hole contains a thick section of low-grade mineralization and intersected the western breccia contact at a downhole depth of 763.6 meters. It is possible that additional drilling west of WC-331 to intersect the breccia contact at shallower levels will encounter higher grades.
Two holes at La Palma (WC-333 and WC-337) and one hole in the Azul breccia (WC-342) contain low-grade mineralization.
Assay results for holes WC-331 through WC-342 are reported in this release. Assays for three additional holes (WC-343, WC-344 and WC-345) were delayed over the Christmas break and will be reported with Phase 17 results. An updated map with hole locations may be found on Western Silver's website at www.westernsilvercorp.com.
Phase 17 drilling resumed in mid-January. Five rigs are currently operating in the Penasco area with primary focus on drilling off the southwestern zone. Phase one drilling has also commenced on the adjacent Noche Buena prospect with one rig. An updated Penasco resource calculation incorporating Phase 15 and 16 drill holes is in progress.
Dr. Thomas Patton is the qualified person responsible for the preparation of this release in accordance with NI-43-101.
Western Silver Corporation is a publicly-traded mineral exploration company focused on discovering and developing silver properties in the Americas. The Company has 100% control of one of the world's largest open pittable silver-gold-zinc-lead deposits at Penasquito, central Mexico, an area with excellent infrastructure and low political risk. An independent feasibility study has concluded that Penasquito has robust economics, significant expansion possibilities and upside, and should be developed immediately. Western Silver also has an interest in the world-class San Nicolas zinc-copper project in Mexico with Teck Cominco and owns the Carmacks Copper Project in the Yukon.
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