Americas Gold and Silver (TSX:USA) reports ‘high-grade’ silver discoveries across its Galena complex in Idaho, US.
The company intersected 1,062 grams per tonne silver (Ag) and 0.70% copper (Cu) over 1.3m in a new vein discovery at the operating Galena mine. The intercept came from hole 49-817 on the 49 level, the company’s first new vein discovery at that depth.
At the neighbouring Crescent mine, drilling returned 1,891g/t Ag and 0.30% Cu over 1.3m, plus 1,560g/t Ag and 0.30% Cu over 1.1m from separate holes targeting the Alhambra vein area.
The results form part of Americas Gold’s largest exploration program at the Galena complex, which comprises the operating Galena mine, the restart-stage Coeur mine, and the Crescent mine.
The company has completed 88 drill holes between Galena and Coeur, with 45 at Crescent.
CEO Paul Huet says the results reaffirm the company’s belief in the scale of the deposit.
“The new drilling results at the Galena complex continue to reaffirm our belief that we control one of the highest-grade, primary silver deposits not only in the historic Silver Valley but worldwide,” Huet says.
The nine vein discovery at Galena emerged after a utilities drift crosscut the structure in an area with no historical drilling or vein projections. The company has since completed 85m of drifting along strike and established multiple drill bays for further definition work.
At Coeur, the 520 vein system continues expanding, with recent drilling extending the 2025 discovery to 200m along strike and 200m vertically. The zone remains open in all directions.
Crescent drilling has confirmed historical vein projections while identifying two new veins near the Alhambra structure. The company completed 45 surface and underground core holes, with 33 pending final assays.
Infill drilling regularly intersects ‘higher silver grades’ than the current mineral resource model, representing potential upside to future mine plans. The results were not included in the company’s 2025 mineral resource and reserve statement released in March.
Americas Gold and Silver is a Canadian precious metals producer with operations in the US and Mexico.
Write to JC Villarba at Mining.com.au
Main image: Americas Gold and Silver
