Silver Valley Metals Corp. (TSXV:SILV) has reported significant high-grade historical results that expand its Page Mine at depth at the Ranger-Page Project, in Silver Valley, Idaho. Silver Valley is a brownfield exploration company with two key projects comprising lithium-potassium in Zacatecas and San Luis Potosi, Mexico. The other main project for which results have been reported is the Range-Page silver-zinc-lead project in Idaho, USA.
Highlights from the drilling are as follows:
- Drill hole 34-371_N intercepts 1,960 g/t silver equivalent* (264 Ag g/t, 25.2% zinc, 25.0% lead) over 1.60 metres
- Drill hole 34-142_NE intercepts 765 g/t silver equivalent* (267 Ag g/t, 3.1% zinc, 13.4% lead) over 2.4 metres and 532 g/t silver equivalent* (90 Ag g/t, 3.9% zinc, 10.3% lead) over 2.9 metres for a total of 5.3 metres of high-grade mineralization with these two intervals separated by 2.5 metres of negligible mineralization
- Drill hole 34-371_W intercepts 538 g/t silver equivalent* (23 Ag g/t, 11.7% zinc, 2% lead) over 3.7 metres and 454 g/t silver equivalent* (30 Ag g/t, 8.6% zinc, 3% lead) over 5.5 metres for a total of 9.2 metres of high-grade mineralization with these two intervals separated by 1.8 metres of negligible mineralization
- Drill hole intercepts range from 11 metres to 168 metres below the high-grade historic resources at the Page Mine (near true width)
- A top ten historical producer in the Silver Valley, the Page Mine was mined to approximately 806 metres below elevation over 44 years; with these historical drill results, Page remains open within high grade mineralization to near one kilometre below elevation extending the Page Mine’s depth by approximately 17%; or when considering past production, 7.5 years of historic production
- Over 750 metre strike length defined at depth
|* Silver Equiv. assumptions: Silver (Ag) price of US$20.00/oz, Zinc (Zn) price of US$1.40/lb, Lead (Pb) price of US$1.00/lb|
Page Mine Drill Results:
About: Ranger-Page project
Silver Valley’s primary focus is on its flagship Ranger-Page Project (“The Project”) located in the Silver Valley of Idaho, 60 kilometres east of Coeur d’Alene and 1 kilometre from the I-90 freeway. In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute Annual Mining Survey). The Project borders the famous Bunker Hill Mine to the east and for the first time consolidates the western extent of the prolific Silver Valley mining corridor by one operator in the past 100+ years.
The Project is on patented claims, there are no royalties and comprise 6 historical mines. The largest of these, the Page Mine, was a top ten producer in the Silver Valley producing over 1 billion pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade silver-zinc-lead historic reserves and remains wide open at depth beyond what has been defined to date.
There is shared underground infrastructure connecting the larger Page mine with five shallow historical mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historical mines is considered significant due to no modern systematic exploration applied to the project.
Source: Silver Valley Metals