Guanajuato drills 0.98m of 1,432 g/t AgEq at Valenciana
Executive Summary
- High‑grade gold intercepts were reported from the Santa Margarita zone of the Valenciana Mines Complex, including a 0.98 m true width at 16.7 g/t Au (12 g/t Ag) and a 0.26 m true width at 45.3 g/t Au (38 g/t Ag).
- The results are described as “comparatively higher” than historical averages and will underpin the creation of a new mining block slated for development in 2025.
- Additional drilling in the Maravillas zone identified a 7.06 m true‑width vein intercept (UGM25‑001) with moderate mineralisation, prompting further exploration to expand the vein footprint.
Key Details
- Santa Margarita Intercepts
- 0.98 m true width – 16.7 g/t Au and 12 g/t Ag (1,432 g/t AgEq).
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0.26 m true width – 45.3 g/t Au and 38 g/t Ag (3,886 g/t AgEq).
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Drilling Summary Q1 2025 – Approximately 475 m of diamond drilling completed across Santa Margarita and Maravillas zones.
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Maravillas Zone – UGM25‑001
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Targeted Veta Madre structure; intersected a wide vein with 7.06 m true width of moderately mineralised material.
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Future Plans – The high‑grade results will form the basis for a new mining block to be prepared for development in 2025. Additional drilling planned to delineate further high‑grade shoots within the Veta Madre structure.
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QA/QC Procedures – Core reviewed by company geologist, split sampling, standards/blanks inserted; ~20 % of samples sent to independent ISO‑certified labs (Quimico Platinum and Bureau Veritas) for verification (results pending).
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Qualified Person – William Gehlen, P.Geo., certified under NI 43‑101, reviewed and verified the technical data.
Notable Quotes
“Valenciana's 500‑year mining history shows no sign of slowing down; the latest drill program has generated solid results that positions the Santa Margarita area as a near‑term source of production‑grade material.” – James Anderson, Chairman & CEO.