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Fabled Silver Gold (FCO :TSXV) Wraps Up Phase 1 Drill Program with Extraordinary Mineralized Discoveries
Fabled Silver Gold controls 100% of the Santa Maria Gold & Silver property, Mexico. A high-grade, underground silver-gold mine situated in the center of the Mexican epithermal silver-gold belt. The belt has been recognized as a significant metallogenic province, which has reportedly produced more silver than any other equivalent area in the world for over 500 years.
Located in the mining friendly jurisdiction of Parral that has produced over 250M oz silver, there are multiple major operators in the vicinity. Grupo Mexico borders Fabeled Property.
Santa Maria is a deposit that holds a Silver Equivalent 43-101 of 3.2million ounces Indicated and 1.1m inferred.
Over the last year Fabled has conducted 2 types of Drill Programs (above & underground ) targeting previously untested areas believed to contain further mineralization that will add new ounces to the current 43-101. Both programs demonstrated high degrees of success with the above ground program defining a new high grade gold system within an area of previously unknown mineralization that increases the deeper they drilled. The Underground program successfully defined the locations of the various types of mineralized intrusive dikes and related breccia's in addition to expanding the high grade portion of the Santa Maria Footwall and Hanging wall structures.
Collectively the 2 programs have vastly improved Fabled’s understanding of the entire mineralized system and how to target ounces. As well, the success of multiple programs has created a better understanding of where to look for future ore bodies. Now the company has taken a breather from drilling and is digesting the accomplishments of the last year and what it all means with a exploration review on the Santa Maria Property. Wrapping up this drill Program led to numerous mineralized intercepts. New discoveries were made from low sulphidization epithermal type; to hydrothermal type, to super gene enrichment and massive sulphide feeders, displaying evidence that there were multi pulses of mineralized material in various structures helping to create mineralization on the property.
Peter Hawley, President & CEO sits down to discuss the success of the programs as a whole, as well as a conclusive look at what has been discovered in the last year as Fabled continues to add meaningful ounces. Sit back and enjoy as Peter walks us through a visually exploration simplifying the results for all shareholders; as well as what to possible expect from a Phase 2 Program.
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