Salazar Resources Limited press release
SilverCrest Announces Additional El Picacho Drill Results
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Canada NewsWire
TSX: SIL | NYSE American: SILV
VANCOUVER, BC , April 13, 2022 /CNW/ - SilverCrest Metals Inc. ("SilverCrest" or the "Company") is pleased to announce additional results from its initial drill program at its El Picacho Property ("Picacho" or the "Property") located near Bacoachi, Sonora, Mexico . Picacho is located approximately 85 km by road northeast of the Company's Las Chispas project along a predominantly paved highway.
[](https://mma.prnewswire.com/media/1796084/20220413_Picacho_NR_Figures_FINAL.pdf?p=original)
Drill results reported in this release are from 56,780 metres (247 drill holes) targeting the Picacho Zone which now includes five adjacent and subparallel epithermal veins including; the Picacho Main Vein ("Picacho Main" with historic resource), Picacho Hanging Wall Vein ("Picacho HW", see news release dated February 24, 2021 ), Picacho Hanging Wall 2 Vein ("Picacho HW2", new discovery), Picacho Hanging Wall 3 Vein ("Picacho HW3", new discovery) and Picacho Footwall Vein ("Picacho FW", new discovery) (see Tables below and attached Figures ).
Highlights:
Initial Drilling of Historic Resource Completed, Expansion at Picacho Zone - A total of 68,200 metres (289 drill holes) at the Picacho Zone have been drilled to date including holes reported in a news release dated February 24, 2021 . The focus of drilling was to better understand, redefine and potentially expand the Picacho Main Vein historic unverified resource 1 of 7.8 million ounces silver equivalent ("AgEq" 2 ) grading 8.50 grams per tonne ("gpt") gold ("Au") and 40.0 gpt silver ("Ag"), or 677 gpt AgEq. Overall, the Picacho Main and Picacho HW veins have expanded, and new vein discoveries are being reported within the Picacho Zone. Picacho Main Vein Primary Focus of Drilling - Picacho Main Vein results, within a footprint of greater than 150 gpt AgEq ("Footprint"), are reported in this release. The average grade of these results is 5.42 gpt Au and 23.9 gpt Ag, or 431 gpt AgEq with an average estimated true width ("ETW") of 2.4 metres. Drilling in the Picacho Main Vein remains shallow with a maximum vertical drilled depth of approximately 300 metres and an approximate vein strike length of 550 metres. Drill spacing in the Footprint averages 35 metres. New Vein Discoveries - While drilling the Picacho Main and Picacho HW veins, three new adjacent vein discoveries were intercepted. The cumulative strike length, within the defined Footprint for these veins, is approximately 400 metres. Overall, these veins average 7.47 gpt Au and 30.3 gpt Ag, or 591 gpt AgEq with an average true width of 0.9 metres. Early-Stage Exploration, Drilling Continues - Currently less than 30% of the Property has had any mapping or sampling completed. Ongoing mapping, sampling, underground surveying of historical workings, target generation and geophysical interpretation continues as part of an early-stage exploration strategy. Two drills are expected to be active at Picacho throughout Q2, 2022.
| 1 Historic Resource Qualification: Picacho Main Vein has a historic unverified mineral resource estimate reported in 2010 (Wheatley, 2010) using 14 drill holes, underground channel sampling results and a polygonal estimation method. The reported estimate had 364,381 tonnes grading 8.54 gpt Au and 40.38 gpt Ag, or 100,060 ounces of Au and 473,052 ounces of Ag using a 1 gpt Au cutoff. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. The Company is not treating this information as current mineral resources or reserves, has not verified this information and is not relying on it. The Company plans on using the historical drilling and estimates to help guide its exploratory drilling work. | | 2 AgEq based on 75(Ag):1(Au) calculated using long-term silver and gold prices of US$20 per ounce silver and US$1,500 per ounce gold. |
N. Eric Fier , CPG, P.Eng, and CEO, remarked, "We are encouraged by our findings in the early days of exploration at Picacho. Our initial drill program at the Property was focused on leveraging historic work to efficiently allocate our capital. This work program was successful in gathering significant information pertaining to the historic resource, expanding the Footprint, and highlighting the potential for further growth. Our objective is to delineate an initial mineral resource estimate and, while work remains to achieve this objective, we are encouraged by the initial results at Picacho. We are excited to continue with our strategy of finding high value, lower risk targets with modest hurdle rates for success."
Picacho was a historic gold and silver producer, with the first noted production in late 1800s with grades greater than 15 gpt gold (Bird, 1904). The Property was purchased by the Company in August 2020 for a total consideration of US$2.4 million , including government back taxes, for 100% ownership in 11 mining concessions totaling approximately 7,060 hectares.
Mineralization at Picacho is hosted within multiple low-sulphidation epithermal veins which include banded quartz, quartz-calcite breccia, quartz and calcite stockwork, and structures with pyrite, argentite, minor chalcopyrite and minor sphalerite being the predominant sulphide minerals. Initial drilling at the Property suggests the Picacho Zone is a gold dominant system with geological similarities to nearby Las Chispas and Santa Elena (discovered, developed and operated by the Company's predecessor, SilverCrest Mines, until late 2015).
Drilling to date at the Picacho Zone has expanded the mineralized footprint of the previous historic unverified resource in the Picacho Main Vein and defined a cumulative mineralized footprint of approximately 950 metres along vein strike and a maximum of approximately 300 metres down vein dip from surface. Mapping, sampling and drilling suggest there is potential for the strike length to be extended further with the veins remaining open to the northwest, southeast and down dip. Besides the Picacho Main Vein, the most continuous vein is the Picacho HW Vein. The new veins, including Picacho HW2, Picacho HW3 and Picacho FW, have not been primary targets of drilling to date.
A more detailed summary of the results for this release are presented below ( see Figures ) and are in addition to those previously released on February 24, 2021 . Results remain outstanding for an additional 27,500 metres of drilling at other veins at Picacho.
Picacho Main Vein Picacho Hanging Wall Vein Picacho Hanging Wall 2 Vein Picacho Hanging Wall 3 Vein Picacho Footwall Vein
Drill intercept highlights from the program that are reported in this release are tabulated below. All grades are reported as uncapped and undiluted and based on a 150 gpt AgEq cut-off grade. This cut-off grade is used to evaluate exploration targets in the initial stages of work and may differ from the cut-off grade used for future resource estimations. The same drill hole number may be shown for different veins based on the same hole intercepting multiple veins.
| Picacho Main | | | | | | | | | Hole ID | From (m) | To (m) | Drilled Intercept (m) | Estimated True Width (m) | Au gpt | Ag gpt | AgEq gpt* | | PI21-043 | 134.9 | 137.1 | 2.2 | 1.7 | 4.37 | 10.9 | 339 | | PI21-045 | 148.1 | 150.6 | 2.6 | 2.0 | 3.95 | 10.9 | 307 | | PI21-049 | 293.4 | 299.2 | 5.7 | 4.6 | 2.88 | 9.4 | 225 | | PI21-052 | 76.9 | 81.4 | 4.5 | 3.6 | 6.47 | 111.9 | 597 | | Includes | 79.1 | 80.4 | 1.4 | 1.1 | 14.35 | 277.0 | 1,353 | | PI21-061 | 180.7 | 182.9 | 2.2 | 1.7 | 2.24 | 15.1 | 183 | | PI21-065 | 196.7 | 198.0 | 1.4 | 1.1 | 5.88 | 4.8 | 446 | | PI21-066 | 284.8 | 285.4 | 0.6 | 0.5 | 6.04 | 7.9 | 461 | | PI21-076 | 369.6 | 370.7 | 1.1 | 0.9 | 3.20 | 11.1 | 251 | | PI21-102 | 178.5 | 186.6 | 8.2 | 6.5 | 5.02 | 7.8 | 384 | | PI21-103 | 128.0 | 148.7 | 20.8 | 16.6 | 3.00 | 4.0 | 229 | | PI21-105 | 155.0 | 159.9 | 4.9 | 3.9 | 2.86 | 16.2 | 231 | | PI21-106 | 161.8 | 162.7 | 0.9 | 0.7 | 2.23 | 59.8 | 227 | | PI21-109 | 131.9 | 133.4 | 1.5 | 1.2 | 5.11 | 12.9 | 396 | | PI21-110 | 139.5 | 144.1 | 4.5 | 3.6 | 5.28 | 7.3 | 403 | | PI21-112 | 169.5 | 175.8 | 6.3 | 5.1 | 1.96 | 7.9 | 155 | | PI21-114 | 152.2 | 154.0 | 1.8 | 1.4 | 4.86 | 7.0 | 372 | | PI21-116 | 179.5 | 181.4 | 1.9 | 1.5 | 2.79 | 14.3 | 223 | | PI21-117 | 150.9 | 160.5 | 9.6 | 7.7 | 3.44 | 13.8 | 272 | | PI21-119 | 180.3 | 181.8 | 1.4 | 1.2 | 4.63 | 6.5 | 354 | | PI21-122 | 70.5 | 71.3 | 0.8 | 0.6 | 2.61 | 18.4 | 214 | | PI21-124 | 88.8 | 89.8 | 1.0 | 0.8 | 3.86 | 4.5 | 294 | | PI21-127 | 183.5 | 184.7 | 1.2 | 1.0 | 2.12 | 31.3 | 190 | | PI21-129 | 199.2 | 199.8 | 0.6 | 0.4 | 2.24 | 2.1 | 170 | | PI21-131 | 224.9 | 225.8 | 0.9 | 0.7 | 3.71 | 22.2 | 300 | | PI21-134 | 197.6 | 200.0 | 2.4 | 1.9 | 1.80 | 24.9 | 160 | | PI21-136 | 83.0 | 83.6 | 0.6 | 0.5 | 2.04 | 15.7 | 169 | | PI21-137 | 162.8 | 164.2 | 1.4 | 1.1 | 3.90 | 2.9 | 295 | | PI21-138 | 118.2 | 118.9 | 0.7 | 0.5 | 2.69 | 9.1 | 211 | | PI21-139 | 146.5 | 151.0 | 4.5 | 3.6 | 3.45 | 29.9 | 289 | | PI21-140 | 114.7 | 119.5 | 4.9 | 3.9 | 4.95 | 25.8 | 397 | | PI21-142 | 111.4 | 113.1 | 1.7 | 1.4 | 11.41 | 30.0 | 886 | | PI21-143 | 190.8 | 193.9 | 3.1 | 2.5 | 1.88 | 44.5 | 185 | | PI21-144 | 93.3 | 97.3 | 4.0 | 3.2 | 10.40 | 37.3 | 817 | | Includes | 95.1 | 96.1 | 1.0 | 0.8 | 26.80 | 63.7 | 2,074 | | PI21-145 | 107.1 | 110.8 | 3.7 | 2.9 | 2.30 | 11.5 | 184 | | PI21-146 | 177.3 | 179.4 | 2.1 | 1.7 | 2.06 | 50.1 | 205 | | PI21-150 | 78.5 | 79.1 | 0.6 | 0.5 | 2.65 | 16.5 | 215 | | PI21-151 | 60.1 | 64.3 | 4.2 | 3.4 | 2.88 | 12.8 | 229 | | PI21-154 | 59.5 | 61.1 | 1.6 | 1.3 | 7.06 | 18.5 | 548 | | PI21-155 | 113.4 | 118.9 | 5.5 | 4.4 | 2.68 | 29.2 | 231 | | PI21-156 | 306.7 | 312.0 | 5.4 | 4.3 | 10.18 | 19.5 | 783 | | Includes | 309.9 | 311.4 | 1.5 | 1.2 | 23.70 | 26.8 | 1,804 | | PI21-161 | 87.9 | 90.1 | 2.2 | 1.8 | 2.21 | 6.3 | 172 | | PI21-162 | 205.8 | 206.7 | 0.9 | 0.7 | 4.35 | 2.0 | 328 | | PI21-163 | 51.6 | 59.9 | 8.3 | 6.6 | 8.32 | 30.1 | 654 | | Includes | 52.8 | 55.4 | 2.6 | 2.0 | 13.79 | 56.3 | 1,091 | | PI21-168 | 335.3 | 336.2 | 0.9 | 0.7 | 9.97 | 10.6 | 758 | | PI21-174 | 48.6 | 51.6 | 3.1 | 2.4 | 4.98 | 36.2 | 410 | | PI21-175 | 193.2 | 194.5 | 1.3 | 1.1 | 4.06 | 1.3 | 306 | | PI21-176 | 352.7 | 353.5 | 0.8 | 0.7 | 2.47 | 26.8 | 212 | | PI21-177 | 297.8 | 301.5 | 3.7 | 2.9 | 5.15 | 16.2 | 403 | | PI21-183 | 151.9 | 152.6 | 0.7 | 0.6 | 2.17 | 2.7 | 165 | | PI21-188 | 113.6 | 116.4 | 2.8 | 2.3 | 14.16 | 30.4 | 1,092 | | PI21-194 | 175.7 | 176.3 | 0.6 | 0.4 | 2.74 | 4.8 | 210 | | PI21-195 | 218.4 | 223.1 | 4.7 | 3.7 | 20.86 | 72.9 | 1,638 | | Includes | 219.2 | 219.9 | 0.7 | 0.6 | 42.10 | 129.0 | 3,286 | | PI21-196 | 255.4 | 256.0 | 0.6 | 0.4 | 1.40 | 76.7 | 182 | | PI21-197 | 174.2 | 174.9 | 0.7 | 0.6 | 4.15 | 0.9 | 312 | | PI21-200 | 142.8 | 144.8 | 2.0 | 1.6 | 2.70 | 19.7 | 222 | | PI21-205 | 256.7 | 257.3 | 0.6 | 0.5 | 10.10 | 3.8 | 761 | | PI21-215 | 243.1 | 247.0 | 3.9 | 3.1 | 8.74 | 35.6 | 691 | | Includes | 244.5 | 245.4 | 0.9 | 0.7 | 17.70 | 92.2 | 1,420 | | PI21-218 | 101.5 | 107.0 | 5.5 | 4.4 | 2.49 | 9.6 | 196 | | PI21-221 | 109.0 | 115.5 | 6.6 | 5.3 | 3.20 | 15.4 | 255 | | PI21-223 | 229.5 | 231.3 | 1.8 | 1.4 | 2.45 | 1.5 | 185 | | PI21-224 | 46.5 | 49.4 | 3.0 | 2.4 | 4.92 | 16.9 | 386 | | PI21-226 | 352.2 | 353.1 | 1.0 | 0.8 | 2.87 | 47.9 | 263 | | PI21-236 | 54.1 | 58.8 | 4.7 | 3.7 | 2.59 | 26.7 | 221 | | PI21-238 | 100.3 | 102.0 | 1.7 | 1.4 | 2.26 | 10.4 | 180 | | PI21-243 | 226.4 | 230.1 | 3.7 | 3.0 | 10.47 | 30.6 | 816 | | Includes | 226.4 | 227.3 | 0.9 | 0.7 | 29.50 | 54.1 | 2,267 | | PI21-245 | 214.8 | 215.5 | 0.7 | 0.5 | 3.89 | 12.9 | 305 | | PI21-247 | 207.4 | 210.8 | 3.4 | 2.7 | 3.63 | 20.7 | 293 | | PI21-249 | 224.4 | 225.6 | 1.2 | 0.9 | 2.28 | 12.5 | 183 | | PI21-250 | 174.5 | 175.1 | 0.6 | 0.5 | 58.30 | 85.8 | 4,458 | | PI21-251 | 242.9 | 246.1 | 3.2 | 2.6 | 18.66 | 213.8 | 1,613 | | Includes | 244.6 | 245.1 | 0.6 | 0.5 | 37.30 | 244.0 | 3,041 | | PI21-254 | 212.3 | 221.0 | 8.7 | 6.9 | 2.39 | 34.9 | 214 | | PI21-258 | 116.6 | 124.1 | 7.5 | 6.0 | 11.35 | 51.6 | 903 | | Includes | 116.6 | 117.6 | 1.1 | 0.9 | 40.70 | 249 | 3,302 | | PI22-260 | 116.7 | 132.4 | 15.7 | 12.6 | 4.66 | 8.0 | 358 | | Includes | 119.7 | 120.2 | 0.5 | 0.4 | 13.35 | 14.3 | 1,016 | | PI22-261 | 133.6 | 135.4 | 1.7 | 1.4 | 4.83 | 9.7 | 372 | | PI22-262 | 171.3 | 172.2 | 0.9 | 0.7 | 2.13 | 3.5 | 163 | | PI22-263 | 101.6 | 103.8 | 2.2 | 1.7 | 3.15 | 12.8 | 249 | | PI22-265 | 231.2 | 232.4 | 1.2 | 0.9 | 2.44 | 8.2 | 191 | | PI22-269 | 212.3 | 215.8 | 3.5 | 2.8 | 1.94 | 13.4 | 159 | | PI22-270 | 70.8 | 72.3 | 1.6 | 1.3 | 2.63 | 6.4 | 204 | | PI22-272 | 52.0 | 56.0 | 4.0 | 3.2 | 21.07 | 47.1 | 1,627 | | Includes | 54.0 | 54.8 | 0.8 | 0.7 | 44.5 | 102.0 | 3,440 | | PI22-274 | 230.8 | 234.0 | 3.3 | 2.6 | 4.71 | 9.8 | 363 | | PI22-279 | 73.3 | 73.8 | 0.5 | 0.4 | 5.89 | 42.7 | 484 | | PI22-280 | 46.7 | 47.8 | 1.1 | 0.9 | 1.95 | 4.5 | 151 | | PI22-284 | 70.8 | 71.5 | 0.7 | 0.6 | 3.54 | 21.5 | 287 | | PI22-285 | 88.1 | 88.6 | 0.6 | 0.5 | 30.90 | 166.0 | 2,483 | | PI22-286 | 147.0 | 148.4 | 1.4 | 1.2 | 2.88 | 19.9 | 236 | | Weighted Average | 3.0 | 2.4 | 5.42 | 23.9 | 431 | | |
| Picacho HW | | | | | | | | | Hole ID | From (m) | To (m) | Drilled Intercept (m) | Estimated True Width (m) | Au gpt | Ag gpt | AgEq gpt* | | PI21-046 | 93.6 | 94.1 | 0.5 | 0.4 | 3.49 | 7.3 | 269 | | PI21-050 | 117.7 | 119.5 | 1.8 | 1.4 | 13.56 | 344.3 | 1,361 | | Includes | 117.7 | 118.8 | 1.1 | 0.9 | 17.20 | 555.0 | 1,845 | | PI21-056 | 291.5 | 292.2 | 0.7 | 0.6 | 1.56 | 100.0 | 217 | | PI21-061 | 171.2 | 172.2 | 1.0 | 0.8 | 2.47 | 2.4 | 188 | | PI21-078 | 224.6 | 225.2 | 0.6 | 0.5 | 3.17 | 54.3 | 292 | | PI21-102 | 172.1 | 173.1 | 1.0 | 0.8 | 2.95 | 7.1 | 228 | | PI21-103 | 122.1 | 125.6 | 3.5 | 2.8 | 3.49 | 5.5 | 267 | | PI21-105 | 150.5 | 151.1 | 0.6 | 0.4 | 2.65 | 2.7 | 201 | | PI21-106 | 144.4 | 145.4 | 1.0 | 0.8 | 9.11 | 238.0 | 921 | | PI21-116 | 170.5 | 171.1 | 0.6 | 0.5 | 5.28 | 25.7 | 422 | | PI21-119 | 171.6 | 172.3 | 0.7 | 0.5 | 2.38 | 11.3 | 190 | | PI21-120 | 156.5 | 167.0 | 10.5 | 8.4 | 2.64 | 7.9 | 206 | | PI21-121 | 6.9 | 8.7 | 1.8 | 1.5 | 5.09 | 25.9 | 408 | | PI21-122 | 63.8 | 65.5 | 1.7 | 1.4 | 3.19 | 5.2 | 244 | | PI21-124 | 82.2 | 82.9 | 0.7 | 0.6 | 2.52 | 7.0 | 196 | | PI21-135 | 142.6 | 151.2 | 8.6 | 6.9 | 2.24 | 12.4 | 180 | | PI21-136 | 74.0 | 75.5 | 1.5 | 1.2 | 1.88 | 16.2 | 157 | | PI21-137 | 153.1 | 154.7 | 1.6 | 1.2 | 2.39 | 6.8 | 186 | | PI21-138 | 106.9 | 109.7 | 2.8 | 2.2 | 3.99 | 6.9 | 306 | | PI21-142 | 95.8 | 96.9 | 1.1 | 0.9 | 3.69 | 90.0 | 367 | | PI21-143 | 181.8 | 186.5 | 4.7 | 3.8 | 2.90 | 29.4 | 247 | | PI21-144 | 89.7 | 90.4 | 0.6 | 0.5 | 4.17 | 36.0 | 349 | | PI21-146 | 174.5 | 175.5 | 1.0 | 0.8 | 1.96 | 30.1 | 177 | | PI21-150 | 70.5 | 71.2 | 0.7 | 0.6 | 2.42 | 7.1 | 189 | | PI21-153 | 308.6 | 310.2 | 1.6 | 1.3 | 42.3 | 542.0 | 3,714 | | PI21-155 | 98.5 | 99.3 | 0.7 | 0.6 | 4.24 | 67.3 | 385 | | PI21-159 | 101.6 | 102.9 | 1.3 | 1.0 | 2.28 | 7.0 | 178 | | PI21-161 | 73.9 | 75.4 | 1.5 | 1.2 | 3.60 | 8.9 | 279 | | PI21-163 | 45.7 | 46.5 | 0.8 | 0.6 | 3.92 | 126.0 | 420 | | PI21-168 | 330.2 | 333.2 | 3.0 | 2.4 | 3.01 | 30.9 | 257 | | PI21-169 | 273.4 | 273.9 | 0.5 | 0.4 | 3.99 | 79.0 | 378 | | PI21-170 | 13.0 | 15.0 | 2.0 | 1.6 | 3.00 | 23.8 | 249 | | PI21-174 | 44.1 | 44.6 | 0.5 | 0.4 | 4.44 | 10.0 | 343 | | PI21-183 | 143.7 | 148.2 | 4.5 | 3.6 | 2.77 | 21.4 | 229 | | PI21-189 | 172.8 | 173.9 | 1.2 | 0.9 | 2.36 | 2.5 | 179 | | PI21-193 | 83.4 | 83.9 | 0.5 | 0.4 | 5.42 | 48.2 | 455 | | PI21-195 | 209.0 | 210.0 | 1.0 | 0.8 | 9.83 | 40.7 | 778 | | PI21-197 | 119.4 | 120.1 | 0.7 | 0.6 | 2.15 | 2.0 | 163 | | PI21-205 | 205.2 | 208.9 | 3.6 | 2.9 | 3.57 | 115.2 | 383 | | PI21-209 | 63.8 | 66.5 | 2.7 | 2.2 | 4.02 | 11.2 | 313 | | PI21-211 | 76.0 | 77.3 | 1.3 | 1.0 | 3.72 | 17.3 | 297 | | PI21-214 | 108.6 | 109.5 | 0.9 | 0.8 | 4.56 | 13.4 | 355 | | PI21-218 | 97.6 | 99.2 | 1.6 | 1.2 | 3.04 | 17.6 | 246 | | PI21-221 | 104.5 | 105.1 | 0.6 | 0.5 | 1.72 | 24.3 | 153 | | PI21-222 | 197.7 | 200.0 | 2.4 | 1.9 | 5.75 | 38.8 | 470 | | PI21-226 | 337.8 | 338.6 | 0.8 | 0.6 | 14.50 | 274.0 | 1,362 | | PI21-227 | 113.7 | 115.2 | 1.6 | 1.3 | 3.92 | 15.9 | 310 | | PI21-229 | 47.1 | 47.9 | 0.8 | 0.6 | 2.73 | 19.6 | 224 | | PI21-231 | 72.6 | 74.3 | 1.7 | 1.4 | 4.92 | 20.2 | 389 | | PI21-233 | 58.7 | 59.9 | 1.2 | 0.9 | 2.07 | 38.7 | 194 | | PI21-236 | 34.2 | 39.7 | 5.6 | 4.4 | 6.27 | 39.0 | 509 | | PI21-242 | 67.2 | 68.0 | 0.9 | 0.7 | 1.77 | 34.6 | 167 | | PI21-243 | 222.4 | 223.3 | 0.9 | 0.7 | 1.43 | 56.8 | 164 | | PI21-248 | 112.6 | 114.1 | 1.5 | 1.2 | 1.71 | 66.6 | 195 | | PI21-252 | 81.6 | 86.1 | 4.6 | 3.6 | 2.65 | 8.0 | 206 | | PI21-253 | 132.8 | 133.5 | 0.7 | 0.6 | 2.95 | 3.9 | 225 | | PI21-257 | 228.3 | 230.8 | 2.5 | 2.0 | 2.59 | 5.7 | 200 | | PI22-260 | 105.4 | 106.1 | 0.7 | 0.5 | 4.83 | 7.8 | 370 | | PI22-263 | 98.2 | 98.8 | 0.6 | 0.4 | 3.61 | 9.5 | 280 | | PI22-264 | 184.0 | 189.7 | 5.7 | 4.6 | 4.28 | 15.3 | 336 | | PI22-265 | 202.1 | 204.5 | 2.4 | 1.9 | 2.60 | 10.1 | 205 | | PI22-266 | 56.8 | 57.8 | 1.1 | 0.8 | 3.45 | 12.6 | 271 | | PI22-270 | 54.5 | 58.2 | 3.7 | 3.0 | 3.60 | 8.3 | 278 | | PI22-275 | 30.8 | 35.3 | 4.5 | 3.6 | 11.46 | 36.4 | 896 | | Includes | 33.3 | 35.3 | 2.0 | 1.6 | 23.10 | 32.5 | 1,765 | | PI22-276 | 78.2 | 79.2 | 1.0 | 0.8 | 7.22 | 28.0 | 569 | | PI22-277 | 155.0 | 156.0 | 1.0 | 0.8 | 3.36 | 21.6 | 274 | | PI22-278 | 64.7 | 66.3 | 1.6 | 1.3 | 2.41 | 27.2 | 208 | | PI22-280 | 44.3 | 45.3 | 1.1 | 0.9 | 2.33 | 24.7 | 199 | | PI22-281 | 21.3 | 26.0 | 4.8 | 3.8 | 4.06 | 15.7 | 320 | | PI22-282 | 21.5 | 22.6 | 1.2 | 0.9 | 1.71 | 44.2 | 172 | | PI22-287 | 149.2 | 149.8 | 0.6 | 0.5 | 4.80 | 70.9 | 431 | | Weighted Average | 1.9 | 1.5 | 4.38 | 37.6 | 366 | | |
| Picacho HW 2 | | | | | | | | | Hole ID | From (m) | To (m) | Drilled Intercept (m) | Estimated True Width (m) | Au gpt | Ag gpt | AgEq gpt* | | PI21-050 | 103.0 | 106.5 | 3.5 | 2.8 | 11.88 | 21.1 | 912 | | Includes | 105.7 | 107.0 | 1.3 | 1.0 | 36.66 | 91.1 | 2,841 | | PI21-063 | 177.7 | 178.4 | 0.7 | 0.5 | 10.95 | 12.6 | 834 | | PI21-102 | 153.5 | 154.2 | 0.8 | 0.6 | 6.95 | 15.4 | 537 | | PI21-103 | 114.5 | 115.0 | 0.6 | 0.4 | 3.38 | 31.9 | 285 | | PI21-105 | 141.9 | 142.4 | 0.6 | 0.4 | 2.02 | 0.8 | 152 | | PI21-109 | 104.1 | 104.6 | 0.5 | 0.4 | 5.45 | 55.8 | 465 | | PI21-127 | 164.4 | 165.0 | 0.7 | 0.5 | 4.17 | 26.7 | 339 | | PI21-146 | 169.3 | 170.0 | 0.7 | 0.6 | 3.97 | 16.5 | 314 | | PI21-155 | 88.8 | 89.3 | 0.5 | 0.4 | 1.93 | 7.1 | 152 | | PI21-207 | 59.6 | 60.5 | 1.0 | 0.8 | 0.13 | 356 | 366 | | PI21-213 | 91.9 | 93.2 | 1.2 | 1.0 | 15.40 | 13.7 | 1,169 | | PI21-216 | 13.2 | 14.8 | 1.6 | 1.3 | 2.57 | 28.3 | 221 | | PI21-242 | 62.0 | 63.1 | 1.1 | 0.9 | 2.49 | 31.7 | 218 | | PI21-248 | 102.1 | 102.6 | 0.5 | 0.4 | 1.80 | 86.8 | 222 | | PI22-270 | 50.1 | 50.7 | 0.6 | 0.5 | 3.72 | 3.0 | 282 | | PI22-277 | 148.7 | 150.5 | 1.8 | 1.5 | 4.96 | 59.8 | 431 | | PI22-287 | 145.0 | 145.5 | 0.5 | 0.4 | 2.53 | 16.6 | 206 | | Weighted Average | 1.0 | 0.8 | 6.32 | 46.1 | 520 | | |
| Picacho HW 3 | | | | | | | | | Hole ID | From (m) | To (m) | Drilled Intercept (m) | Estimated True Width (m) | Au gpt | Ag gpt | AgEq gpt* | | PI21-110 | 110.2 | 110.8 | 0.6 | 0.5 | 3.73 | 7.0 | 287 | | PI21-132 | 143.7 | 144.2 | 0.5 | 0.4 | 10.05 | 4.7 | 758 | | PI21-161 | 53.7 | 54.4 | 0.7 | 0.6 | 2.20 | 14.6 | 180 | | PI21-182 | 82.7 | 83.7 | 1.0 | 0.8 | 10.71 | 7.0 | 810 | | Includes | 83.2 | 83.7 | 0.5 | 0.4 | 17.95 | 12.5 | 1,359 | | PI21-237 | 204.3 | 204.8 | 0.5 | 0.4 | 2.85 | 4.2 | 218 | | PI22-270 | 45.5 | 46.0 | 0.5 | 0.4 | 2.80 | 14.2 | 224 | | Weighted Average | 0.6 | 0.5 | 5.88 | 8.7 | 450 | | |
| Picacho FW | | | | | | | | | Hole ID | From (m) | To (m) | Drilled Intercept (m) | Estimated True Width (m) | Au gpt | Ag gpt | AgEq gpt* | | PI21-043 | 165.7 | 167.7 | 2.1 | 1.6 | 8.21 | 17.3 | 633 | | PI21-107 | 41.6 | 42.4 | 0.8 | 0.6 | 2.45 | 1.9 | 186 | | PI21-140 | 126.9 | 128.5 | 1.6 | 1.3 | 2.49 | 22.3 | 209 | | PI21-186 | 165.4 | 166.0 | 0.6 | 0.5 | 3.78 | 21.7 | 305 | | PI21-209 | 163.1 | 163.8 | 0.7 | 0.5 | 3.73 | 25.8 | 306 | | PI21-258 | 137.9 | 141.5 | 3.6 | 2.8 | 2.75 | 8.7 | 215 | | PI22-266 | 96.0 | 97.4 | 1.5 | 1.2 | 3.05 | 3.1 | 232 | | PI22-285 | 116.7 | 118.8 | 2.2 | 1.7 | 37.09 | 32.5 | 2,815 | | Weighted Average | 1.6 | 1.3 | 9.45 | 16.1 | 725 | | |