SIGNIFICANT DRILL RESULTS SHOW POTENTIAL FOR LARGE NEW GOLD-COPPER-SILVER DISCOVERY
The targeted breccia is now intersected by 9 holes (2022-2023) covering an area of ~130m of strike and ~100m of dip extent. The zone is open along strike and at depth as well as up-dip to the most eastern and westernmost extents. The breccia appears to be widening with depth.
With the new intersection points and subsequent modelling, the breccia is cutting stratigraphy slightly. The body strikes NW-SE and dips to the NE. Current projections of the zone appear as though it may be related to up-dip Au mineralization discovered by Regency in 2022 to the East of the historic Dios Padre silver mine. Drilling orientation will be modified slightly in phase 2 in order to cut the body more perpendicular and reduce drill meters required per hole.
Mineralization within the breccia follows a similar pattern observed in holes REG-23-01, REG-23-14 and REG-23-15. The shallower intersections are more pyrite dominant with deeper intersections containing more specularite. Chalcopyrite appears to be highest in abundance where the breccia is proximal to the lower contact of the quartz-feldspar porphyry (QFP). Matrix abundance can be highly variable through the breccia zones, ranging from 10-15% to upwards of 50% matrix where clasts are surrounded and supported by a sulphide-specularite matrix. Texturally, shingle, and collapse type breccia textures are observed locally within the intervals.
It is becoming evident that mineralization at Dios Padre is long lived and multi-stage in nature with separate gold, copper and silver events overprinting each other as part of a protracted magmatic-hydrothermal mineralizing system. Peripheral alunite, specularite and siderite alteration is significantly more widespread than was recognized earlier as current drilling is 100% within the broad alteration halo of the system.