Kuya Silver Commences 2024 Phase 1 Drilling at Silver Kings Project, Ontario, Canada
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) has commenced its 2024 Phase 1 drilling program at the Silver Kings Project in Ontario, Canada. The company plans to drill a total of 10,000 meters in multiple phases, targeting high-grade silver-cobalt mineralization at depth in the historic Cobalt Ontario silver mining camp. The program will focus on the new Frontier NW target, Campbell-Crawford target, and Airgiod target.
Key highlights include:
- Frontier NW target: A 400m long, NW-trending fault with potential for high-grade mineralization
- Campbell-Crawford and Airgiod targets: Focus on mineralized veins at the lower diabase contact
- Previous drilling success: Bonanza-grade silver intersected in a 2023 discovery drill hole
The company aims to expand on its 2023 discoveries in this world-class historic mining district.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) ha avviato il programma di perforazione Fase 1 del 2024 presso il Silver Kings Project in Ontario, Canada. L'azienda prevede di perforare un totale di 10.000 metri in più fasi, puntando a mineralizzazioni di argento-cobalto ad alto grado in profondità nel storico campo minerario di Cobalt, Ontario. Il programma si concentrerà sugli obiettivi Frontier NW, Campbell-Crawford e Airgiod.
Tra i punti salienti troviamo:
- Obiettivo Frontier NW: Una frattura lunga 400m, orientata a NW, con potenziale per mineralizzazioni ad alto grado
- Obiettivi Campbell-Crawford e Airgiod: Focalizzazione su vene mineralizzate al contatto inferiore del diabase
- Successo di perforazione precedente: Argento di grado Bonanza intercettato in un foro di perforazione scoperto nel 2023
L'azienda mira ad espandere le sue scoperte del 2023 in questo storico distretto minerario di classe mondiale.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) ha iniciado su programa de perforación Fase 1 del 2024 en el Silver Kings Project en Ontario, Canadá. La compañía planea perforar un total de 10.000 metros en varias fases, apuntando a mineralización de plata-cobalto de alta ley en profundidad en el histórico campamento minero de Cobalt, Ontario. El programa se centrará en los nuevos objetivos Frontier NW, Campbell-Crawford y Airgiod.
Los aspectos destacados incluyen:
- Objetivo Frontier NW: Una falla de 400m de longitud, orientada hacia el NW, con potencial para mineralización de alta ley
- Objetivos Campbell-Crawford y Airgiod: Enfoque en venas mineralizadas en el contacto inferior del diabase
- Éxito de perforación anterior: Plata de grado Bonanza interceptada en un orificio de perforación descubierto en 2023
La empresa tiene como objetivo ampliar sus descubrimientos de 2023 en este distrito minero histórico de clase mundial.
쿠야 실버 (CSE: KUYA) (OTCQB: KUYAF)가 2024년 1단계 드릴링 프로그램을 시작했습니다 파이낸스 프로젝트에서 온타리오, 캐나다. 이 회사는 여러 단계로 총 10,000미터를 드릴링할 계획입니다, 역사적인 코발트 온타리오 은광 캠프의 깊이에 있는 고급 은-코발트 광물화를 목표로 하고 있습니다. 프로그램은 새로운 프론티어 NW 목표, 캠벨-크로포드 목표, 그리고 에어기오드 목표에 초점을 맞출 것입니다.
주요 하이라이트는 다음과 같습니다:
- 프론티어 NW 목표: 고급 광물화 가능성이 있는 400m 길이의 NW 방향 단층
- 캠벨-크로포드 및 에어기오드 목표: 다이아베이스 하부 접촉의 미네랄화된 광맥에 관한 집중
- 이전 드릴링 성공: 2023년 발견된 드릴 홀에서 보난자급 은이 교차됨
회사는 세계적 수준의 역사적인 광산 지역에서 2023년 발견 결과를 확장하는 것을 목표로 하고 있습니다.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) a lancé son programme de forage de la Phase 1 de 2024 au projet Silver Kings en Ontario, Canada. La société prévoit de forer au total 10 000 mètres en plusieurs phases, ciblant des minéralisations à forte teneur en argent-cobalt en profondeur dans le camp minier historique de Cobalt, Ontario. Le programme se concentrera sur les nouveaux objectifs Frontier NW, Campbell-Crawford et Airgiod.
Les points clés incluent :
- Cible Frontier NW : Une faille de 400 m de long, orientée au NW, avec un potentiel pour une minéralisation de haute qualité
- Cibles Campbell-Crawford et Airgiod : Concentration sur des veines minéralisées à la contact inférieur du diabase
- Succès de forage précédent : Argent de qualité bonanza intercepté dans un trou de forage découvert en 2023
La société vise à élargir ses découvertes de 2023 dans ce district minier historique de classe mondiale.
Kuya Silver (CSE: KUYA) (OTCQB: KUYAF) hat sein Bohrprogramm für Phase 1 des Jahres 2024 gestartet am Silver Kings Project in Ontario, Kanada. Das Unternehmen plant, insgesamt 10.000 Meter in mehreren Phasen zu bohren, um in der Tiefe im historischen Silberabbaulager von Cobalt, Ontario, hochgradige Silber-Kobalt-Mineralisierung anzustreben. Das Programm wird sich auf die neuen Ziele Frontier NW, Campbell-Crawford und Airgiod konzentrieren.
Wichtige Highlights sind:
- Frontier NW Ziel: Eine 400m lange, NW-ausgerichtete Verwerfung mit Potenzial für hochgradige Mineralisierung
- Campbell-Crawford und Airgiod Ziele: Fokus auf mineralisierten Gängen am unteren Diabas-Kontakt
- Erfolg bei vorherigen Bohrungen: Bonanza-Qualitäts-Silber in einem Bohrloch entdeckt, das 2023 gebohrt wurde
Das Unternehmen verfolgt das Ziel, seine Entdeckungen aus 2023 in diesem weltbekannten historischen Bergbaubezirk auszubauen.
- Commencement of 10,000-meter drilling program in multiple phases
- Targeting high-grade silver-cobalt mineralization in historic mining camp
- Previous drilling success with bonanza-grade silver intersection in 2023
- Multiple promising targets identified: Frontier NW, Campbell-Crawford, and Airgiod
- Potential for expanding on 2023 discoveries in a world-class mining district
- None.
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya Silver") is pleased to announce the commencement of a first phase of drilling at its wholly owned Silver Kings Project, Ontario, Canada, with plans to drill a total of 10,000 m in multiple phases. A diamond drill is now on site to test for high-grade silver-cobalt mineralization at depth in the historic Cobalt Ontario silver mining camp. The program is expected to include drilling of the Company's new Frontier NW target (see below), the Campbell-Crawford target, as well as the Airgiod target where the first known drill hole, completed by Kuya in 2023, intersected silver-cobalt mineralization in an identical setting to the Angus Vein at the adjacent Campbell-Crawford prospect.
David Lewis, Kuya Silver's Vice President Exploration, commented: "It's great to have a drill back on site again at the Silver Kings Project, especially given the accomplishments that Kuya Silver made here in 2023. We've updated and refined our technical skillset and I'm looking forward to testing and expanding our discoveries in this world-class historic mining district."
Frontier NW target zone update
The brownfields Frontier NW target area is located 350 m NW of the Frontier Mine, which produced 7.0 million oz silver and 1.7 million pounds cobalt, primarily from the N-S trending Woods-Watson fault and fault-hosted veins (Sergiades 1968). This new zone is hosted by a 400 m long, NW-trending fault, named the Hammerstrom fault, which is of a comparable width to the Woods-Watson fault (~3 m). In 2018, eight 100 m-spaced drill holes intersected anomalous to mid-grade silver-cobalt mineralization (0.01 to
*AgEq (silver equivalent) values calculated on August 26, 2024, using the following values and assuming full recovery: Silver
Follow-up work in 2024 included surface mapping of the trenched areas, relogging of the previous drill holes, and the commissioning of a detailed Induced Polarization (IP) survey. Details of the surface width and extent of the Hammerstrom fault display well in the IP Resistivity plan maps and known mineralized veins (FNW Target 1) are extremely apparent in the Chargeability data (Figure 1). Importantly, a second area has a similar chargeable response within the Hammerstrom fault zone, suggesting the presence of additional, previously unknown mineralized veins (FNW Target 2). This work was designed and quality assured by Jeremy S. Brett, M.Sc., P.Geo., Senior Geophysical Consultant, Jeremy S. Brett International Consulting Ltd.
Historically, mineralization in the Silver Centre camp can be discontinuous along mineralized faults and/or veins, but is generally arranged in parallel, cigar-shaped, high-grade, plunging shoots. For example, a north-south long section of the Woods Vein at the Keeley and Frontier mines shows several steeply plunging shoots, defined by underground stopping on a north-south section (Figure 2). On an east-west long section of the No. 16 vein, mineralized shoots plunge more shallowly, parallel to the Nipissing Diabase rock contact (Figure 3).
Two aspects of mineralization can be made with the geophysical results and compiled mine workings:
- If the plunge of mineralized shoots can be established, high-grade mineralization on surface can be predicted to depth.
- Mineralization may follow an evenly spaced periodicity along mineralized structures.
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Campbell-Crawford and Airgiod Targets
The Campbell-Crawford and Airgiod target areas, defined historically as separate mining claims, are otherwise continuous properties. In both cases, weakly-mineralized veins occur on surface within the 300 m thick Nipissing Diabase sill, and mineralization is being targeted in these structures at the lower diabase contact which was essentially untested prior to 2023, when Kuya Silver intersected bonanza-grade silver in a new discovery drill hole (see the following Kuya Silver news releases: March 15, 2023; April 4, 2023; May 30 2023). In subsequent trenching and drilling, at least six mineralized veins (both NW-SE and WSW-ENE trending) have been identified and traced at depth, with mineralization increasing dramatically in vein intersections and bends (see the following Kuya Silver news releases: June 29, 2023; January 11, 2024; January 29, 2024). Drilling will be focused on interpreted high-grade mineralized shoots at the Campbell-Crawford target and will follow-up on surface veins, fault zones and historic projected mineralization at the Airgiod target.
References
McIlwaine, W.H. 1970. Geology of South Lorrain Township; Ontario Department of Mines and Northern Affairs, Geological Report 83, 95p.
Sergiades, A.O. 1968. Silver Cobalt Calcite Vein Deposits of Ontario; Ontario Department of Mines, Mineral Resources Circular No. 10, 498p.
National Instrument 43-101 Disclosure
The technical content of this news release has been reviewed and approved by Mr. David Lewis, P.Geo., Vice President Exploration of Kuya Silver, and Jeremy S. Brett, M.Sc., P.Geo., Senior Geophysical Consultant, both Qualified Persons as defined by National Instrument 43-101.
About Kuya Silver Corporation
Kuya Silver is a Canadian‐based, growth-oriented mining company with a focus on silver. Kuya Silver operates the Bethania silver mine in Peru, while developing district-scale silver projects in mining-friendly jurisdictions including Peru and Canada.
For more information, please contact:
David Stein, President and Chief Executive Officer
Telephone: (604) 398‐4493
info@kuyasilver.com
www.kuyasilver.com
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221177
FAQ
What is the scope of Kuya Silver's 2024 drilling program at the Silver Kings Project?
Which specific targets will Kuya Silver (KUYAF) focus on during the 2024 drilling program?
What were the results of Kuya Silver's previous drilling at the Silver Kings Project in 2023?
What is the significance of the Frontier NW target for Kuya Silver (KUYAF)?
