Two companies presented results from drilling campaigns in Mexico during the week. 

Capitan Silver’s news release informed on the reverse circulation (RC) drilling at its Cruz de Plata project in Durango, with results from six holes targeting the Jesús María trend and the Peñoles Fault. Mineralized dykes cross-cutting mineralized structures are becoming a target, and point to a long-lived mineralyzing system. A wide zone of Ag-Au mineralization was intersected on the Peñoles Fault, which is becoming a new target. Total drilled continuity on the western side of Jesús María trend is 1.7 km, while the Peñoles Fault has been mapped for 500 m. The Jesús María trend presents intermediate sulfidation epithermal mineralization characteristics, while the Capitan Hill mineralization presents features better ascribed to low sulfidation epithermal systems. The company has completed almost 10,000 m of the 15,000 m RC drilling campaign. Assay results are pending for 25 holes, and an updated mineral resource estimate is oncoming for Capitan Hill.

Silverco Mining reported initial assay results from its 15,000 m diamond drilling campaign on Cusi, in Chihuahua. The drilling program is focused on expanding the potential of the San Miguel target by extending the vein along strike and at depth. The mineralized structures consist of a series of steeply-dipping, parallel veins, primarily presenting as a hydrothermal breccia, hosted in a sequence of rhyolite lapilli tuff characterized by strong silicification and local chlorite alteration. “This breccia is a fractured and cemented rock, with fragments of the host rock and angular quartz clasts cemented by silica. Vein widths are variable, ranging from less than 1.0m to exceeding 5.0m, and are steeply dipping at 70-80°”. The Cusi property displays intermediate sulfidation epithermal mineralization.