VANCOUVER, BC, Nov. 3, 2021 /CNW/ -- Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) ("Silverton" or the "Company") is pleased to announce it has commenced a 2,200-meter diamond drilling program on its 100% owned Peñasco Quemado ("PQ") project located in northern Sonora, Mexico. The drilling will test two priority target areas called La Fortuna and Penasco Pit, located in separate areas of the property.
In the Penasco Pit area, on the eastern part of the property, the drilling will target the south and southeast, down-dip extension of a conglomerate-hosted, shallow, southwest-dipping replacement manto that contains the drill defined historic resource estimate (Table 1). Additional drilling is designed to test the interpreted along-strike extensions to this mineralized zone area as identified by strong, southeast-trending geochemical anomalies (zinc, lead, barium and manganese in soils) which exceed three kilometers in length and have some coincidental geophysical anomalies (Fig. 1).
Drilling in the Fortuna area, on the western part of the property, will test strong zinc, lead and copper soil anomalies with a coincidental "plug" like geophysical low resistivity anomaly that extends beyond 500 meters in depth. Company geologists interpret this geophysical anomaly as altered intrusive rocks which may be a potential source of mineralization. Historic drilling in this area intersected significant silver values (340g/t Ag over 4.5m and 113g/t Ag over 4.5m in holes PQRC51,...
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