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Fabled Silver Gold Corp. (FBSGF) is a Vancouver-based company focused on acquiring and exploring properties in Mexico. With a seasoned management team experienced in mining and exploration, Fabled aims to acquire precious metal properties in Mexico with high exploration potential.
The company recently announced an agreement with Kootenay Silver Inc. to acquire the Mecatona Property in Chihuahua, Mexico, pending final documentation and approval from the TSX Venture Exchange. Fabled is also working on completing its private placement announced in May 2023 to fund the Proposed Transaction.
Fabled Silver Gold Corp. announced a non-brokered private placement of up to 14,285,714 units at a price of C$0.07 per unit, aiming to raise $1,000,000 in gross proceeds. Each unit comprises one common share and one warrant, with an exercise price of C$0.12 per warrant share for two years. The funds will support general working capital and exploration at the Santa Maria property in Mexico. The offering is subject to regulatory approvals and a four-month hold period on issued securities.
Fabled Silver Gold Corp. has amended its Option Agreement with Golden Minerals Company regarding the Santa Maria Project, now requiring a total payment of US$2,000,000 in installments rather than a single sum. The breakdown includes $1,000,000 due on December 4, 2022, followed by $250,000 payments on March 31, 2023, June 30, 2023, September 30, 2023, and December 31, 2023. In addition, Fabled plans to issue shares valued at US$75,000 to Golden Minerals at the first payment date. This amendment is subject to approval from the TSX Venture Exchange.
Fabled Silver Gold Corp. has finalized plans for a Phase 2 exploration diamond drill program at the Santa Maria Property in Mexico. The program follows extensive data collection, with over 6,900 samples analyzed, enhancing understanding of structural and mineralization controls. Significant mineralized zones were identified, including results showing 21.90 meters grading 5.29 g/t Au and 349.21 g/t Ag Eq. The upcoming drilling aims to validate new targets based on prior exploration results.
Fabled Silver Gold Corp. has completed initial planning for a Phase 2 exploration diamond drill program at its Santa Maria Property in Parral, Mexico. CEO Peter Hawley noted the previous year involved extensive exploration yielding over 6,900 samples, enhancing understanding of structural and mineralization controls. Notably, analysis revealed the presence of mineralized breccias rather than expected veins. Major drill hole results showed significant silver equivalent grades, including zones reporting up to 118.57 g/t Ag Eq. Further exploration is set to begin mid-June 2022.
Fabled Silver Gold Corp has completed planning for a Phase 2 diamond drill program at the Santa Maria Property in Mexico, leveraging over 6,900 samples collected in the past year. The project aims to define the structural and mineralization controls of two key veins, Santa Maria and Santa Maria Dos. Significant findings include the discovery of a mineralized hydrothermal diorite dike, enhancing the potential for high-grade gold and silver resources. The upcoming drill program will focus on two dilation zones identified during earlier drilling, with targets established based on 2021 results.
Fabled Silver Gold Corp. has released a summary of its 14,400-meter drilling program on the Santa Maria Property in Mexico. The exploration effort yielded over 6,900 samples, with a total of 71 diamond drill holes completed. Significant outcrops of both low-sulphidization and massive sulphide feeders were identified. The company plans to compile all results for a Phase 2 drill program aimed at expanding mineralization and exploring untested eastern areas. This extensive drilling underpins Fabled's ongoing commitment to discovering precious metals in a historically rich region.
Fabled Silver Gold Corp. has announced the successful results of its Phase 1 surface diamond drilling on the Santa Maria Property in Parral, Mexico. The drill hole SM20-50 showed significant mineralization, intersecting a shallow hydrothermal breccia grading 131.49 g/t Ag Eq over 5.10 meters and deeper results of 5.29 g/t Au within 349.21 g/t Ag Eq over 21.90 meters. The company aims to compile these findings to define future drilling targets, indicating promising gold and silver resources.
Fabled Silver Gold Corp. has announced positive results from diamond drilling at the Santa Maria Property in Mexico. Drill hole SM20-49 intercepted 190.33 g/t Ag Eq over 7.80 meters, confirming the potential for enhancing silver resource estimates. Previous holes SM20-47 and SM20-48 also reported significant mineralization, with grades up to 110.81 g/t Ag Eq. The ongoing exploration aims to deepen understanding of the mineralization patterns.
Fabled Silver Gold Corp. (OTCQB:FBSGF) has announced results from drill hole SM20-48 at the Santa Maria Property in Mexico, part of a 14,400-meter drilling program. The hole intersected 24.50 meters grading 110.81 g/t Ag Eq, correlating well with previous results. Notably, the mineralized zone includes higher-grade sections of 379.30 g/t Ag Eq over 1.50 meters. Upcoming holes SM20-49 and SM20-50 are aimed at further exploration. The company has also entered a six-month digital awareness agreement with Machai Capital for $50,000.
Fabled Silver Gold Corp. announced results from its diamond drilling on the Santa Maria Property in Parral, Mexico. Drill hole SM20-47 successfully intersected the mineralized footwall structure, reporting a significant intercept of 13.10 meters at 98.31 g/t Ag Eq, with high-grade zones of 299.51 g/t Ag Eq over 1.50 meters. This drilling is critical for updating resource estimates and filling gaps in previous drilling. Definition holes SM20-48 to SM20-50 have also been completed, further supporting the project’s potential.
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