Reyna Silver Corp. is pleased to announce high-grade silver and gold results from its late 2020 surface and trench sampling program, focused on the projection of the Pastrana-Roncesvalles-Cobriza vein zone into the northern and northeastern part of its 100% owned Batopilas Project. The historic Batopilas District is believed to be the highest-grade silver system in Mexico’s history having produced an estimated 350,000,000 ounces of silver at an average grade of 1.5 kg/t.
Highlights
Jorge Ramiro Monroy, CEO of Reyna Silver commented, “We are very pleased to see these high-grade results from our first round of work at Batopilas focused in areas that had previously seen little exploration.”
“Finding the first consistent gold values in the historically high-grade silver-dominant Batopilas District is very exciting, especially since we can link a number of these occurrences to alteration anomalies revealed by a recent WorldView III satellite hyperspectral survey,” said Dr. Peter Megaw, Exploration Advisor to Reyna Silver. “Many anomalies remain to field check, sample and prioritize for drilling.”
Description of the 2020 Exploration Program
This initial exploration program was carried out during Q4 2020 to find extensions of the historically important Pastrana-Roncesvalles-Cobriza Veins in the relatively underexplored north and northeastern parts of the Batopilas Project in the La Cobriza-Gossan-Minitas Teodoro areas (See map below). A total of 258 samples were collected, including trench, soil, and surface rock chip samples in an area approximately 2.0 km long by 1.5 km wide, where discontinuous outcrops mark the two newly recognized mineralized structures.
The first of these lies along the projection of the La Cobriza vein, a typical Batopilas District native silver vein, which was mined 2.2 km to the southwest. Three trenches were cut through alluvium into bedrock along this projection. Trench 1 cut nothing of interest, but Trench 2 cut a Native Silver-bearing vein 5.4m long, 0.60m wide and 1.90m deep and Trench 3 intersected a Native Silver-bearing vein 6m long, 0.75m wide, and 3.10 m deep. These cuts appear to expose the same vein, and the native silver-rich mineralization (See images on website) yielded values of 671 to 42,306 gpt Ag. These are consistent with the bonanza grades that made the Batopilas district famous.
The other new discovery is “Teodoro´s Gold Vein”, which lies farther along trend to the northeast. This vein is exposed in spotty surface outcrops and shallow trenches and can be traced in the field for more than 340 m. Teodoro’s vein is not the only gold occurrence in this area as it aligns with, and probably connects to, the recently rediscovered ancient Orochi gold mine. In addition, this campaign discovered nine separate showings reporting assays above 1 gpt Au with anomalous silver values. These may reflect additional new veins and follow-up work is in progress.
On-going work
In late November, 2020, Reyna Silver received results of a new combined ASTER and WorldView III Hyperspectral satellite imagery survey of the Batopilas district executed by Photosat Information Ltd of Vancouver, B.C. Weather prevented immediate field checking, but comparison of the alternation mineralogical anomalies revealed by the surveys shows close coincidence of distinctive alteration mineralogies with historically known mineralized structures and the new structures reported here. These surveys also revealed numerous additional anomalies that are now being incorporated into a district-scale reconnaissance exploration as quickly as weather conditions will allow. The goal is to combine the results of the imagery follow-up with existing data to define targets for drilling later in 2021.
Jorge Ramiro Monroy
Chief Executive Officer
For Further Information, Please Contact:
Reyna Silver Corp.
Jorge Ramiro Monroy, Chief Executive Officer
info@reynasilver.com