Argenta Silver Corp. Drills 545 g/t Ag over 43.20 meters including 1,302 g/t Ag over 8 meters in a 70-meter step-out drill hole, and Defines a New Exploration Target
TSX-V: AGAG
Highlights
- QVD-414 - step-out success: 545 g/t Ag over 43.20 meters, including 1,302 g/t Agover 8.00 m and including 905 g/t Agover 7.70 m, extending the resource zone to the northwest. *
- QVD-416 – initial test of the new Atenea target: 314 g/t Ag over 2.00 meters. This result indicates the potential for discovery of new mineralization zones and the expansion of the overall scope of the project. *
|
*Intervals shown are core length. Estimated true widths vary between 60 to 85% of core reported length. Insufficient re-modelling and drill density on new data has been completed to calculate true width at this time. |
Joaquin Marias, CEO, President and Director of
2025 Winter Drilling Program Results –
Drilling commenced in late May as part of a fully funded 4,000 m winter campaign designed to confirm known high–grade zones, step out along strike, and test new targets. Assays from the first group of results were announced on
Of the four drill holes from the third batch of results with assays in hand (see Figure 01):
-
One step–out hole (QVD-414) successfully extended the known mineralized footprint by 70.50 meters to the northwest (see Figure 02). This area was previously untested by historical drilling and was recently identified by Argenta's technical team as having strong potential. The positive result encourages the company to further test the down plunge extension of the current deposit with additional step-out drill holes and supports infill drilling in upcoming campaigns.
-
Up-dip expansion drillhole (QVD-415) was strategically placed to test for the upper edge of the mineralized zone. This drilling successfully validated the company's geological model, providing crucial information about the deposit's boundary.
- Exploration drillholes (QVD-416 and QVD-417) have successfully identified a new exploration target, named Atenea. Located approximately 400- and 700-meters north of the Yaxtché Deposit, with one hole returning significant silver values and the other returning anomalous silver values. These results indicate the potential for new mineralization zones, which may expand the overall scope and upside of the project.
Table 1: 2025 Winter Drilling Program Third Batch of Assays (cut-off-100 g/t Ag)*
|
Hole ID |
From [m] |
To [m] |
Length [m] |
Ag [g/t] |
Au [g/t] |
Pb [%] |
Zn [%] |
Cu [%] |
End Of |
|
QVD-414 |
330.50 |
373.70 |
43.20 |
545 |
0.01 |
1.63 |
1.39 |
0.05 |
425.00 |
|
including |
330.50 |
338.00 |
7.50 |
443 |
0.01 |
0.52 |
1.08 |
0.06 |
|
|
including |
342.00 |
346.00 |
4.00 |
312 |
0.01 |
1.19 |
3.02 |
0.04 |
|
|
including |
356.00 |
364.00 |
8.00 |
1302 |
0.01 |
3.84 |
0.38 |
0.12 |
|
|
including |
366.00 |
373.70 |
7.70 |
905 |
0.01 |
0.83 |
0.52 |
0.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
QVD-415 |
64.50 |
80.00 |
15.50 |
2 |
0.01 |
0.00 |
0.00 |
0.00 |
266.00 |
|
and |
171.00 |
176.00 |
5.00 |
1 |
0.01 |
0.04 |
0.16 |
0.00 |
|
|
and |
207.00 |
208.00 |
1.00 |
1 |
0.01 |
0.03 |
0.00 |
0.00 |
|
|
and |
214.00 |
217.30 |
3.30 |
3 |
0.01 |
0.09 |
0.25 |
0.00 |
|
|
and |
259.00 |
263.00 |
4.00 |
2 |
0.01 |
0.05 |
0.16 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
QVD-416 |
38.00 |
40.00 |
2.00 |
314 |
0.01 |
0.00 |
0.01 |
0.20 |
286.00 |
|
and |
84.00 |
97.00 |
13.00 |
1 |
0.01 |
0.03 |
0.00 |
0.01 |
|
|
and |
118.00 |
119.00 |
1.00 |
1 |
0.01 |
0.00 |
0.02 |
0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
QVD-417 |
0.00 |
1.00 |
1.00 |
1 |
0.01 |
0.00 |
0.01 |
0.00 |
141.00 |
|
and |
30.00 |
31.00 |
1.00 |
2 |
0.01 |
0.00 |
0.01 |
0.00 |
|
|
and |
69.00 |
70.00 |
1.00 |
1 |
0.01 |
0.00 |
0.01 |
0.00 |
|
*Intervals shown are core length. Estimated true widths vary between 60 to 85% of core reported length. Insufficient re-modelling and drill density on new data has been completed to calculate true width at this time. |
Completion of 2025 Winter Drill Program
To date, results from 10 drillholes (2,409 meters) have been released, including those disclosed in this announcement. Assays for the remaining six drillholes are pending and are expected to be received in
With the winter program complete, Argenta is advancing preparations for the 2025–2026 Summer Drill Program, which reflects the interannual summer season in the Southern Hemisphere. The Company is fully funded for this next campaign, targeting between 12,000 and 15,000 meters of drilling.
Capital allocation will be directed as follows:
- 40% to the Resource Expansion Program; and
- 60% to the New Discoveries Program.
Both programs will run in parallel and simultaneously, underscoring Argenta's aggressive approach to exploration. This strategy is designed to advance the potential expansion of the existing resource while unlocking new discoveries across a property that has historically seen exploration over only 3% of its surface area.
Management believes this dual focus positions the Company to maximize the upside exploration potential of the
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About
The foundational Mineral Resource Estimate of the Yaxtché deposit boasts an indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, and an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag (1). The mineral resource area remains open at depth and in multiple directions, particularly to the southeast and northwest. One of the objectives of the 2025 Winter Drilling Program is to specifically target and expand these high-grade Yaxtché zones.
The mineralization at the Yaxtché deposit is defined as a silver rich, high to intermediate-sulphidation epithermal system with associated gold. Mineralization is controlled by NW-SE and NE-SW fault structures and is mainly hosted in brecciated zones and dacite domes. Silver minerals at Yaxtché consist of complex silver sulphides, sulphosalts and native silver. These minerals are found within silicified breccias, commonly appearing as veinlets, stockworks, disseminations, and breccia fillings.
QAQC Statement
The Company adheres to CIM Best Practices Guidelines for exploration-related activities conducted on its property. Quality Assurance and Quality Control (QA/QC) procedures are overseen by a Qualified Person.
All geochemical sample assay results from
The logging and sampling of the El Quevar drill core were completed at Argenta's core handling facilities in
Soil samples were prepared by drying and sieving to minus 80 mesh. Rock chip and diamond drill core samples were dried and then underwent 2 stages crushing to 80% passing minus 10 mesh before collecting a 600-gram split that was pulverized to 90% passing -140 mesh. A 200-gram split is sent for analysis and the remaining 400g is archived. All samples were analyzed for gold using a fire assay on a 50-gram sample with an AAS finish, and for 39 elements by 4 acid, ICP-OES on a 0.2-gram sample. Soils were also analyzed for mercury using cold vapor AA on a 0.2-gram. Overlimit silver was determined by a 50-gram fire assay with a gravimetric finish and over limit lead, zinc and copper were determined by ICP_OES using a mixture of highly oxidizing acids on a 0.2-gram sample.
Qualified Person
(1) Refer to NI43-101 technical report with effective date of
About
On behalf of
"Joaquín Marias"
President and Chief Executive Officer
Neither the
This news release contains forward-looking statements and forward-looking information as defined by applicable securities laws. Forward-looking statements include risks and uncertainties, as detailed in the Company's disclosure. The Company undertakes no obligation to update these statements except as required by law.
Forward Looking Information
Certain statements and information herein contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to the El Quevar project; potential for resource expansion and significantly larger mineralization beyond the current resource; further results from on-going exploration and evaluation of assays.
Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking statements or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These risk factors include, but are not limited to: exploration and development of the El Quevar project may not result in any commercially successful outcome for the Company; risks associated with the business of the Company; business and economic conditions in the mining industry generally; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting mining concessions); and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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