E2 Metals (ASX:E2M) has reported high grade gold and silver assay results from the first scout hole at the Andrea Sur prospect within its Conserrat Project in Santa Cruz, Argentina.
The project houses a newly-discovered epithermal vein field 25km along trend from AngloGold Ashanti’s (ASX:AGG) 3.3Moz Au Cerro Vanguardia mine.
Highlight results received to date include:
- Hole CORC-183: 16m @ 15g/t Au and 22g/t Ag for 15.5g/t AuEq from 31m; including:
- 2m @ 108g/t Au and 53g/t Ag for 109g/t AuEq from 32m
- Hole CORC-190: 4m @ 3g/t Au and 11g/t Ag for 3.2g/t AuEq from 29m
Speaking on the results, E2 Metals Managing Director Todd Williams said: “The discovery of high-grade mineralisation at Andrea Sur is important for two reasons: Firstly, it is the westernmost discovery made to date at the Conserrat project, significantly expanding the footprint of this emerging gold and silver district. Secondly, it turns a spotlight on adjacent structures that have never been drill tested, such as Andrea, a prospect that is host to a prominent silica alteration cap geologically similar to those that overly mineralised epithermal veins elsewhere in the Deseado Massif, such as Newmont’s Silica Cap deposit at Cerro Negro. We look forward to updating investors as we progress this new and exciting discovery.”
“[Andrea Sur] is the westernmost discovery made to date at the Conserrat project, significantly expanding the footprint of this emerging gold and silver district”
Andrea Sur is situated along western extension of the Conserrat epithermal vein field, approximately 2.5km west of the ‘high grade’ Malvina discovery. It sits 500m south of the Andrea Silica Cap, which shares similarities to Newmont’s (NYSE:NEM) silica cap gold and silver deposit at Cerro Negro.
E2M reports that the prospect is concealed by between 5 to 10 metres of shallow cover, with scout drilling designed to test for mineralisation beneath a float train of epithermal vein boulders extending over 150m of strike.
The company further notes that mineralisation is open in all directions, and can be trace over 1,200m of strike via gradient array IP geophysical imagery.
Upcoming work at Andrea Sur will include follow-up drilling along strike and down dip from Hole CODD-183, along with further 100m-spaced scout drilling along the host structure and maiden scout holes into the priority Andrea Silica Cap target.
Further to this, a twin CODD-183 diamond hole will seek to better understand geological controls to mineralisation.