Zacatecas Silver Enters into 10000 Metre Diamond Drill Contract with Major Drilling and Secures Access Agreement with The Ejido Panuco Municipality, Zacatecas – MENAFN.COM

Zacatecas Silver Enters into 10000 Metre Diamond Drill Contract with Major Drilling and Secures Access Agreement with The Ejido Panuco Municipality, Zacatecas – MENAFN.COM

The Panuco Silver Deposit is located in the north of the Zacatecas Property and is the most advanced prospect. Panuco has an historic inferred mineral resource of 19, 472, 901 ounces Ag Eq. (cut-off 100 g/t Ag Eq.) from 3, 954, 729 tonnes at 153. 2 g/t Ag Eq (136 g/t Ag, 0. 14 g/t Au, 0. 012% Pb, 0. 11% Zn) (the "Historical Estimate"). See "Historical Resource Estimate Information" set forth below. The drill program at the Panuco Silver Deposit will focus on the vein system outside of the historical resource estimate. A total of three veins will be drilled — Panuco NW, Panuco Central and Tres Cruces — which remain open at depth and along strike. These are high priority drill targets. Figure 1 below sets forth the extensive silver vein system at the Panuco Silver Deposit. The San Gill Breccia Zone is relatively unexplored. The breccia has a strike length of approximately 800 m, is up to 40 m wide, and is most likely vertical. The north-south orientation of the breccia is highly significant as gold-rich epithermal veins within the district are generally oriented north-south. This is supported by the hole MG 11-01 intersect. Only four holes