Masivo Silver Corp. (TSXV: MASS) (OTC Pink: GNYPF) (FSE: R74) is pleased to report drill results from its Boston Mine Project in northeastern Nevada, confirming the continuation of high-grade gold, silver and copper mineralisation beneath the historic underground workings. Seven drill holes were completed testing surface showings and high-grade underground samples from the upper level of the mine.
Results include 5 ft. of 2.86g/t Au, 84.7g.t Ag, 2.67% Cu (6.39% CuEq) in a broader zone of 45 ft. of 1.73g/t Au, 34.7g/t Ag, and 1.14% Cu (3.25% CuEq) in drill hole BM21-01 and significant intercepts in step out drilling along the trend of underground development, as described below.
The Boston Mine Project hosts a compelling combination of historical production, underground development, strong geophysical targets and extensive exploration upside in one of the world’s premier mining jurisdictions.
“These drill results are an important step in demonstrating that the historic Boston Mine represents more than a small, isolated occurrence,” Masivo CEO David Coburn stated. “The drilling has confirmed the continuation of high-grade gold, silver and copper mineralisation beneath the historic workings while also supporting our belief that the mineralised system extends well beyond the original mine. We believe we are still in the early stages of unlocking the potential of what could prove to be a significant mineralised district.”
The historic Boston Mine was developed with a 190 ft. shaft and underground workings on two levels at 90 and 190 ft., and produced high-grade gold, silver and copper mineralisation from both levels. Historic reports describe shipments with grades up to 6.8% Cu, 226 g/t Ag and 9 g/t Au. More recent channel sampling of the upper mine level has returned values up to 35.5g/t Au, 37.4g/t Ag, and 1.14% Cu. The lower mine level has not been accessed, and the first drilling program was directed at testing mineralisation between the upper mine level and the lower mine level, as well as induced polarisation anomalies adjacent to the mine development.
Results of the recent drill program and underground sampling are described and shown in the longitudinal section, plan view and tables below.
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