Argenta Silver Drills 533 g/t Silver over 20.20 meters, including 3,549 g/t Silver over 1.00 meter from its Inaugural Drill Program at El Quevar
TSX-V: AGAG
Highlights
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QVD-410 delivers 533 g/t Ag over 20.20 meters, including 1,320 g/t Ag over 4.00 m (which includes 3,549 g/t Ag over 1.00 m), plus 484 g/t Ag over 5.00 m, and 805 g/t Ag over 3.20 m.
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QVD-409 validates continuity with 309 g/t Ag over 26.00 meters, including 713 g/t Ag over 8.25 m, which also includes 1,169 g/t Ag over 2.50 m, plus a shallow 1.00 m with 1.22 g/t Au.
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QVD-408 step-out success: 112 g/t Ag over 19.20 meters, including 408 g/t Ag over 2.20 m and 105 g/t Ag over 7.00 m, extending the high-grade zone 50 m to the southeast.
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Historic core sampling: new sampling of un-assayed historic drill core now assayed, returning up to 602 g/t Ag over 3.00 m including 882 g/t Ag over 1.00 m. 35 % of historical drilling (~ 38,000 m) has been cut and assayed, leaving some 66,000 m of core unanalyzed and available at a low cost for potential resource expansion.
- Surface sampling exceeds analytical upper detection limit of 20,000 g/t Ag for a single rock grab sample, with additional surface rock grab samples of 16,145 g/t and 6,004 g/t Ag across the new Quevar South targets.
*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 kicked off 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 three drill holes have been received, with results for the remaining holes expected by mid-August and mid-September.
Of the three holes with assays in hand:
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One step–out hole (QVD-408) extended the known mineralized footprint by 50 m to the southeast, an area previously untested by historical drilling which was recently highlighted by Argenta's technical team to have potential. This result supports follow–up drilling in upcoming programs and encourages the company to test the extensions of the current deposit for further step-outs.
- Two confirmation holes (QVD–409 and QVD–410) intersected multiple, broad high–grade silver intervals within the Yaxtché Deposit, providing fresh material to document alteration, lithology and the consistent high–grade silver character of the mineralization.
Highlighted intercepts from these 3 drillholes* (see Table 1):
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QVD-408 [step-out drillhole to southeast of the Yaxtché deposit]: 112 g/t Ag over 19.20 m; including 408 g/t Ag over 2.20 m, and 105 g/t Ag over7.00 m (which includes 2.00 m containing 0.30 g/t Au), and 108 g/t Ag over 2.00 m.
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QVD-409 [confirmation hole]: 309 g/t Agover 26.00 m; including 244 g/t Ag over 2.00 m, and 180 g/t Ag over 2.10 m, and 461 g/t Ag over 14.75 m which includes 713 g/t Ag over 8.25 m with a shorter intercept of 2.50 m containing 1,169 g/t Ag. The hole also intercepted 1.22 g/t Au over 1.00 m at shallow depths from 22 to 23 m deep.
- QVD-410 [confirmation hole]: 533 g/t Ag over 20.20 m, including 1,320 g/t Ag over 4.00 m (which includes 1.00 m containing 3,549 g/t Ag), and including 484 g/t Ag over 5.00 m, and 805 g/t Ag over 3.20 m.
*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.
The results from the three drill holes received to date as well as the surface rock sampling validate the Company's existing resource model and underscore the untapped potential at El Quevar. They confirm the high-grade, pure silver character of the mineralization and reinforce the need of systematic exploration when less than 3% of the property has seen modern exploration.
Table 1: 2025 Winter Drilling Program Assays (cut-off-100 g/t Ag) |
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Hole ID |
From |
To |
Length* |
Ag |
Au |
Pb |
Zn |
Cu |
End Of |
QVD-408 |
89.80 |
109.00 |
19.20 |
112 |
0.06 |
0.08 |
0.02 |
0.19 |
208.50 |
including |
89.80 |
92.00 |
2.20 |
408 |
0.03 |
0.12 |
0.09 |
0.67 |
|
including |
96.00 |
103.00 |
7.00 |
105 |
0.10 |
0.07 |
0.02 |
0.22 |
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including |
107.00 |
109.00 |
2.00 |
108 |
0.05 |
0.16 |
0.02 |
0.14 |
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QVD-409 |
20.00 |
46.00 |
26.00 |
309 |
0.06 |
0.23 |
0.00 |
0.06 |
160.50 |
including |
20.00 |
22.00 |
2.00 |
244 |
0.02 |
0.62 |
0.00 |
0.00 |
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including |
26.00 |
28.10 |
2.10 |
180 |
0.01 |
0.58 |
0.01 |
0.01 |
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including |
31.25 |
46.00 |
14.75 |
461 |
0.01 |
0.07 |
0.00 |
0.10 |
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which includes |
32.25 |
40.50 |
8.25 |
713 |
0.01 |
0.04 |
0.00 |
0.18 |
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which includes |
38.00 |
40.50 |
2.50 |
1169 |
0.05 |
0.11 |
0.00 |
0.16 |
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including |
62.00 |
64.50 |
2.50 |
117 |
0.09 |
0.23 |
0.00 |
0.00 |
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QVD-410 |
101.00 |
121.20 |
20.20 |
533 |
0.00 |
0.07 |
0.03 |
0.35 |
146.00 |
including |
101.00 |
106.00 |
5.00 |
484 |
0.01 |
0.11 |
0.06 |
0.04 |
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including |
111.00 |
115.00 |
4.00 |
1320 |
0.01 |
0.08 |
0.03 |
1.28 |
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which includes |
114.00 |
115.00 |
1.00 |
3549 |
0.00 |
0.18 |
0.06 |
2.18 |
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including |
118.00 |
121.20 |
3.20 |
805 |
0.01 |
0.09 |
0.07 |
0.36 |
*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.
2025 Surface Sampling Results – First 2025 Batch
Surface exploration work started on
With numerous rock chip surface assays still pending from the laboratory, initial results already reveal multiple high–grade silver values. More than twenty rock chip samples returned grades above 150 g/t Ag, including several exceeding 1,000 g/t Ag. Notably:
- Sample 81701 [rock grab sample]: 6,004 g/t Ag
- Sample 101128 [rock grab sample]: 16,145 g/t Ag
- Sample 101125 [rock grab sample]: reached the analytical upper detection limit of 20,000 g/t Ag
Although these high values do not reflect the deposit's average grade, they clearly demonstrate the strong potential of the El Quevar mineral system.
Meanwhile, analytical results from the soil sample grid have revealed new areas with anomalous silver values, including soil samples reaching 147 g/t Ag and 296 g/t Ag.
By integrating these results with historical data from previous operators, Argenta has identified multiple new areas with highly anomalous values in silver and pathfinder elements that will guide our technical team to define future drill targets.
The findings from the expanded surface soil geochemistry program indicate the potential of a significantly larger mineralized system at El Quevar beyond the current resource. The well-defined silver zone demonstrates strong continuity, while newly identified gold anomalies reveal promising new exploration targets that were historically underexplored. Importantly, these zones have seen minimal drilling, representing substantial untested exploration potential.
Historical Drill Core Sampling Results and Phase 1 Results
Phase 1 of the 2025 Exploration Program at El Quevar (see news release from
A key opportunity lies in the fact that only about 35 % of historical drilling (~ 38,000 m) has been cut and assayed, leaving some 66,000 m of core unanalyzed and available at a low cost for potential resource expansion. To kick–start this, Argenta sampled a portion of the unanalyzed Yaxtché drill holes (25 holes in total) and returned significant silver mineralization in five holes, with a standout intercept of 882 g/t Ag over 1.00 m and an average grade of roughly 226 g/t Ag across those samples.
Particularly elevated silver grades were identified in the following drillholes:
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QVD-117 [additional sampling from historical drillhole]: 148 g/t Ag over 1.00 m, and 134 g/t Ag over 2.00 m, including 212 g/t Ag over 1.00 m; both intercepts in oxide zone.
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QVD-134 [additional sampling from historical drillhole]: 132 g/t Ag over 4.00 m; in oxide zone.
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QVD-211 [additional sampling from historical drillhole]: 144 g/t Ag over 6.00 m; including 214 g/t Ag over 2.00 m and 215 g/t Ag over 1.00 m.
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QVD-273 [additional sampling from historical drillhole]: 194 g/t Ag over 6.00 m, including 230 g/t Ag over 2.00 m, and 311 g/t Ag over 2.00 m.
- QVD-362 [additional sampling from historical drillhole]: 255 g/t Ag over 10.00 m, including 175 g/t Ag over 2.00 m, and 603 g/t Ag over 3.00 m which includes 882 g/t Ag over 1.00 m.
*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.
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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 stage 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 believe 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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