Legendary defining drilling continues to define the structure of Santa Maria

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VANCOUVER, BC / ACCESSWIRE / December 28, 2021 / Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV: FCO) (OTCQB: FBSGF) (FSE: 7NQ) Announces Surface Diamond Drilling Results from Enhanced 14,400 Meter Drill Program on the “Santa Maria” Property in Parral, Mexico.

Peter J. Hawley, CEO and President, comments: “The planned SM20-45 definition hole was designed to fill a poor drilling gap in the past resource area. It is interesting to note the absence or decrease in gold values ​​found in previous drilling. to the east and at depth, see Figure 1 below.

Figure 1 – Longitudinal view of the drilling area in progress

SM20-45

Definition The SM20-45 diamond drill hole was drilled at a dip or angle of -63 degrees for a total planned length of 120 meters and designed to strike the target area -75 meters below the surface.

Unfortunately, the hole was able to reach the targeted Footwall area at 71.60 meters at 78.00 meters, but a void extracted from a previous bulk sample was encountered, thus the hole ended at 78.00 meters. . See Figure 2, Table 1 and Photo 1 below.

The accumulation of the structure of the lower wall of Santa Maria was encountered before the mining area and returned 42.50 g / t Ag Eq with 0.16 g / t Au over the 6.40 meters.

Photo 1 – SM20-45

The higher grade intervals included 50.23 g / t Ag Eq with 0.23 g / t Au over 0.60 meters and 67.77 g / t Ag Eq and 0.19 g / t Au over 1.70 meters . See Figure 2 below, Table 1 and Photo 1 below

Figure 2 – Cross section of SM20-45 diamond drill hole

Interestingly, as previously reported, definition drill hole SM20 – 42, located 300 meters to the west returned gold-silver values ​​while hole 43, 75 meters to the west. returned silver, with little or no gold and hole SM20 – 44 high grades of gold and silver were intercepted. As you can see below, the shallow intercept hit a silver-gold mineralized gradient. These large abrupt changes from one domain to another will be entered into the database for modeling to determine the effect of gold placement on depth.

Table 1– Results of the analysis of drill holes SM20-45

Borehole

From m

AT

m

Width m

At g / t

Ag g / t

Ag Eq * g / t

% bp

Zn%

% cu

SM20-45

71.60

78.00

6.40

0.16

34.27

42.50

0.01

0.04

0.00

Including

71.60

72.15

0.55

0.13

20.00

26.69

0.00

0.04

0.00

Including

72.15

72.75

0.60

0.23

38.40

50.23

0.01

0.06

0.00

Including

72.75

73.90

1.15

0.12

20.10

26.27

0.01

0.03

0.00

Including

73.90

75.00

1.10

0.16

6:00 p.m.

26.23

0.01

0.03

0.00

Including

75.00

76.70

1.70

0.19

55.00

67.77

0.01

0.04

0.00

Including

76.70

78.00

1.30

0.13

37.60

44.29

0.01

0.04

0.00

  • ** Ag Equivalent (“Ag Eq”) content is calculated using $ 20 per ounce Ag and $ 1600 Au.

The planned definition hole SM20-46 was once again designed to fill a poor drilling gap in the past resource area. It is interesting to note the absence or decrease in gold values ​​found in previous drilling to the east and at depth. See figure 1 below.

figure 3 – Longitudinal view of the drilling area in progress

SM20-46

Definition The SM20-45 diamond drill hole was drilled at a steeply dipped or -80 degree angle for a total planned length of 120 meters, with the actual core length of core core of 147 meters and designed to reach the target area -95 meters below the surface. See Figure 4, Table 2 and Photo 2 below.

Figure 4 – Cross section of SM20-46 diamond drill hole

A shallow hydrothermal breccia anomalous in silver was encountered from 6.80 to 10.10 meters, followed by the targeted structure of the Santa Maria wall of 96.75 to 99.50 meters which returned 29.22 g / t Ag Eq with abnormal gold values, in a reddish brown oxide, cemented with quartz. hydrothermal breccia that exhibited vuggy textures, box-type microstructures. See Table 1 and Photo 2 below.

Photo 2 – SM20-46

A higher grade intersection in this zone returned 37.16 g / t Ag Eq with a gold anomaly over 1.10 meters.

Table 2– Results of the analysis of drill holes SM20-46

Borehole

From m

AT

m

Width m

At g / t

Ag g / t

Ag Eq * g / t

% bp

Zn%

% cu

SM20-46

96.75

99.50

2.75

0.10

24.08

29.22

0.02

0.06

0.00

Including

96.75

97.65

0.90

0.04

8:30 p.m.

22.46

0.00

0.06

0.00

Including

97.65

98.40

0.75

0.19

3:20 p.m.

24.87

0.03

0.06

0.00

Including

98.40

99.50

1.10

0.08

33.10

37.16

0.02

0.07

0.00

  • ** Ag Equivalent (“Ag Eq”) content is calculated using $ 20 per ounce Ag and $ 1600 Au.

Summary

Hole SM20-45 was able to determine the exact location of the start of the Santa Maria wall structure. These values ​​as well as the vacuum of the worksite or of the exploited zone will be modeled and added to the database, thus providing valuable information in this poor drilling zone, as shown in figure 1, photo 1 above.

SM20-46 once again succeeded in reaching the targeted structure of the Santa Maria Wall from 96.75 meters to 99.50 meters and returned 29.22 g / t Ag Eq with anomalous gold values, in a Reddish brown quartz cemented oxide hydrothermal breccia that exhibited vuggy textures, box-type microstructures.

These two holes were only anomalous in gold. See Figure 4, Table 1, 2 and Photo 2 above.

As previously reported, definition drill hole SM20-42 located approximately 300 meters west of hole 45 is reported, hole 42 is reporting gold values ​​with lower silver values ​​while in hole SM20- 43, 75 meters to the west, we have a silver domain with little gold while on drill section 44 we have a gold – silver and now silver – gold domain.

In 325 meters something has changed in the system, maybe going from a hydrothermal system to an epithermal system and then to a hydrothermal system and back again or maybe blocks being moved up and down? This will be the subject of further investigation.

The SM20-47 definition diamond drill hole is located approximately 25 meters to the east and designed to test the structure horizon at depth and at the same vertical level as that of the SM20-44 hole and to fill the gap drill points in the structure at this depth.

Holes SM20-47 – 50 were completed, holes 47 – 50 were submitted for analysis.

See figure 5 below.

Figure 5

QA quality control procedure

The analytical sampling results reported by Fabled Silver Gold represent core samples that were sawn in half with half the core sampled and submitted by Fabled Silver Gold staff directly to ALS Chemex, Chihuahua, Chihuahua, Mexico. The samples were crushed, divided and pulverized according to the ALS Chemex PREP-31 method, then analyzed for the ME-ICP61 33 element package by four acid digestions with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, nominal sample weight 30 g.

Limit violation methods

For samples triggering precious metal exceedance thresholds of 10 g / t Au or 100 g / t Ag, the following are used:

Au-GRA21 Au by fire assay and gravimetric finishing with a 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finishing.

Fabled Silver Gold monitors QA / QC using commercially sourced standards and locally sourced virgin materials inserted into the sample sequence at regular intervals.

About Fabled Silver Gold Corp.

Fabled is focused on acquiring, exploring and operating properties that produce short-term metal production. The Company has an experienced management team with many years of involvement in mining and exploration in Mexico. The Company’s mandate is to focus on acquiring precious metal properties in Mexico with blue sky exploration potential.

The Company has entered into an agreement with Golden Minerals Company (NYSE American and TSX: AUMN) to acquire the Santa Maria property, a high grade silver-gold property located in the center of the Mexican silver-gold epithermal belt. The belt has been recognized as an important metallogenic province, which is said to have produced more silver than any other equivalent region in the world.

Mr. Peter J. Hawley, President and Chief Executive Officer
The fabulous Silver Gold Corp.
Telephone: (819) 316-0919
[email protected]

For more information, please contact:
[email protected]

The technical information contained in this press release has been approved by Peter J. Hawley, P.Geo. President and CEO of Fabled, who is a qualified person within the meaning of National Instrument 43-101 – Disclosure Standards for Mining Projects.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Certain statements contained in this press release constitute “forward-looking information” as that term is used in applicable Canadian securities laws. Forward-looking information is based on management’s plans, expectations and estimates on the date the information is provided and is subject to certain factors and assumptions, including the fact that the financial position and development plans of the Company do not change due to unforeseen events and that the Company obtains all required regulatory approvals.

Forward-looking information is subject to various risks and uncertainties and other factors that could cause actual plans, estimates and results to differ materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: the impacts of the coronavirus or other epidemics, general economic conditions in Canada, the States -United and in the world; industry conditions, including fluctuations in commodity prices; government regulation of the mining industry, including environmental regulations; geological, technical and drilling problems; unforeseen operating events; competition and / or inability to retain drilling rigs and other services; availability of capital

on acceptable terms; the need to obtain the required approvals from regulatory authorities; volatility of stock markets; volatility of market prices for raw materials; responsibilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set out in the Company’s continuous information documents filed under the Company’s profile at the address www.sedar.com. The Company assumes no obligation to update these forward-looking statements, except as required by applicable law.

THE SOURCE: The fabulous company of gold and silver

See the source version on accesswire.com:
https://www.accesswire.com/679832/Fabled-Definition-Drilling-Continues-to-Define-Santa-Maria-Structure

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