Reyna Silver (RSLV.V) released the assay results of a sampling program on its Batopilas silver project in Mexico. During the fourth quarter of 2020, the company collected in excess of 250 samples based on structural mapping and satellite image analysis of the areas in the northern and northeastern part of the district. Those areas remained underexplored and could be a good location to discover extensions to the known veins and the sampling program zoomed in on a 2000 by 1500 meter area.
In that area, two new mineralized structures have now been discovered, and it’s perhaps best to just copy the exact description of the two discoveries here:
While the press release contains a bunch of the sampling results, we have to commend Reyna Silver for providing a full 14 page update on the website with the highlights of the sampling program as well as some pictures of native silver crystals. You can find that entire document HERE.
Additionally, Reyna received additional satellite images from the district at the end of November and those results seem to show ‘close coincidence of distinctive alteration mineralogies with historically known mineralized structures and the new structures reported’. That’s encouraging but due to the bad weather, the field crews couldn’t immediately go out and check the anomalies. Reyna will now likely combine all data sets in anticipation of the 2021 field season and a drill program.
Disclosure: The author has a long position in Reyna Silver. Reyna is a sponsor of the website. Please read our disclaimer.