SILVER CLIFF COLORADO HIGHLIGHTS
Drill Hole K16-01 assayed 1,778.5 g/t (57.2 oz/t) silver over a 20-ft. (6.1m) interval within a 50 ft. (15.2m) mineralized intersection averaging 837.4 g/t (26.9 oz/t).
- The Company’s flagship asset is the 100% owned Silver Cliff, which hosts a high-grade silver resource with several mineralized deposits and significant exploration upside
- The Property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines during the period 1878 to 1894.
- It is located 44 miles WSW of Pueblo, Colorado, and has year-around access by paved road. The property underwent substantial exploration between 1967 and 1984. The major explorers were Freeport, Hecla, Homestake, Moly Corp, Coca Mines and Tenneco Minerals.
- The Silver Cliff Property is interpreted to encompass a large caldera and porphyry system which offers potential to host a number of deposits from both precious metals to base metals. This has been demonstrated in the mineralogy and grade historically extracted from numerous underground mining operations dating back to the late 1800s and early 1900s.
- Drilling in the 1980s by Tenneco resulted in a historical pre-feasibility study which formed the company's decision to put the property into production.
- Silver Cliff geological structure appears quite simple. Dips are to the east-southeast at 2° to 5°. Faulting is not obvious on the surface and a contour map of the surface of the lower obsidian suggest that no faults with more than 50 feet of displacement occur within the area of the Kate mineralization. Examination of PQ wireline core drilled in 1989 for a metallurgical sample, indicate; however, that faults with minor displacement are numerous.
- In the fall of 2016, nine holes with a total of 1,502 ft. (457.8 m) were completed reporting values from drill holes K16-01, K16-03, K16-04, K16-05, K16-06, and K16-08 from which core was assayed at ALS Canada Ltd., at their laboratories in Reno, Nevada, and Vancouver, BC. Highlights were from drill hole K16-01 which assayed 1,778.5 g/t (57.2 oz/t) silver over a 20-ft. (6.1m) interval within a 50 ft. (15.2m) mineralized intersection averaging 837.4 g/t (26.9 oz/t).
NI 43 101 Current resources, effective April 15, 2018 are:
Indicated Resources of 2.1Mt grading 84 g/t Ag for 5.6M oz Ag
Inferred Resources of 3.2Mt grading 70 g/t Ag for 7.1M oz Ag