Argenta Silver Hits 1,600 g/t Silver as El Quevar Continues to Expand

Trevor Hall (0:16)

All right, everybody, welcome back into Mining Stock Daily, stepping into the silver exploration sector here with Argenta Silver hasn't been too long since we heard from Joaquin Marias, CEO of the company. The first interview since our time there at Beaver Creek. Argenta Silver does trade on the venture exchange with AG AG and on the OTCQX with AG AGF. The company has published new drill results coming out the El Quevar Project, including some gold and copper mineralized zones. That's been kind of anticipated if you've been following our previous discussions. But Joaquin, it's good to have you back on.

Are you fully recovered from your trips to Colorado?

Joaquin Marias (1:00)

Wow, that was a roller coaster there. We had so many meetings, Trevor. You couldn't imagine.

I dare to say that probably close to 70 meetings in Viver Creek and Denver. So it's been a fantastic conference for us. Now it's starting conference season again. And as you can see, we have great news out in the market again. We are starting to receive all those assays that we were waiting for so long. From the laboratory, there was a huge lag on the lab, and we are getting all these assays back. So you will start to see a lot of news coming out from us.

Trevor Hall (1:35)

Well, very good. That means you and I get a chat a lot more often, more frequently, I might say. But let's just chat into this week's drill release, drill releases, I guess you could say. And I do want to start out with almost 1,600 grams per ton silver over four meters.

That comes from the resource expansion. Give us a kind of a sense of where this drill result was kind of positioned and what does it do to really expand the resource?

Joaquin Marias (2:04)

Well, as you know, and probably the audience already know because we have been discussing this a lot, we are drilling with two rigs, one on each one of the open ends of the deposit. So if people recall the deposit, it's an elongated deposit, a single deposit with this pure silver resource of 45 million ounces of silver on the indicated category and four million ounces more on the inferior category. What we want to do here is we want to add a lot of infer so we can keep the indicated and then we can transfer those infer into indicated in the future by the risk in this. But first thing first, and this is what we are talking today here, is that we are drilling with two rigs on both extremes of the deposit. Which still open, and these results that we put here with the 1600 grams per ton of silver, which sometimes it sounds a little bit crazy when you read this in kilogram, but it's over one and a half kilogram of silver per ton.

And the intercepts that include 2.7 kilograms per ton of silver. These ones correspond to this expansion drilling that we are doing, we are starting to see more consistent grades and higher grades than in other areas of the deposit. So, let's remember that this is a breccia. In some cases, we will be drilling places that are going to be fully mineralized, like in 40 meters. And in some cases, we will drill just the borders of this thing. But again, we are starting to define what is the shape of this. And the important thing is that it continues, that all these are ounces of silver that we are adding in both ends.

We need to remember, Trevor, as well, that the metallurgical response of this so far has been amazing. I think that on the last one that we did, we were discussing the metallurgical results and how we got recoveries of up to 99 percent on the roughers with no optimization, no blending or anything like that. The metallurgical firm is still working on these things to optimize them, and we will start having some final results on probably on the incoming 45 days. So very excited about this because every time that we step out on the silver deposit, we still finding more and more and more, and it's still open on both ends, on the shallow zone and on the deeper zone. So very excited.

Trevor Hall (4:41)

That headline hole was hole 475 It was drilled pretty far to the northwest of that resource area here, Joaquin.

Is there anything pending or plans to drill even further northwest to really extend it in that direction? Anything that would be stopping you?

Joaquin Marias (5:03)

Well, I think that there is nothing stopping us. Even if we drill some drill holes with no silver there, we need to keep drilling on that direction. This is proving that it continues towards that area.