Reyna Silver (RSLV.V) confirmed earlier this month it has encountered multiple high-grade native silver-bearing intercepts in the first three holes of the 2023 drill program it has reported on. The initial phase of the drill program consisted of six holes for a total of 1,458 meters drilled.
Hole BA23-57 hit a new, blind native silver vein with an ultra high-grade interval of 6,440 g/t silver over a 20 centimeter interval. This intersection was encountered between the Todos Los Santos and Escritorio veins and on top of that, while completing this hole the drill bit encountered multiple other intercepts on the way to the new vein.
Hole BA23-58 encountered 30 meters containing 218 g/t silver including 9 meters of 616 g/t silver (indicating the average grade of the remaining 21 meters was approximately 1.5 ounces of silver per tonne of rock). This interval also included a 1.4 meter intersection of 1,405 g/t silver and it is even more remarkable the mineralization started at a downhole depth of just 3 meters with the 9 meters of 616 g/t silver starting just 21 meters down hole. The company credits its disciplined approach used to identify potential hot spots for high-grade silver mineralization. According to Chief Exploration Advisor Peter Megaw, these native silver veins can have a width of just a few centimeters to in excess of two meters in width.
Now the rainy season is coming to an end, Reyna Silver will resume its drill program, this time targeting the east side of the Batopilas district as well.
Disclosure: The author has a small long position in Reyna Silver. Please read the disclaimer.