Mr. William Sheriff reports
SILVER PREDATOR REPORTS MULTIPLE INTERCEPTS INCLUDING 4.6 M OF 767.7 G/T AND 45.7 M OF 108.7 G/T SILVER FROM SURFACE AT TAYLOR, NEVADA
Silver Predator Corp. has provided results from the first 14 of 25 angled reverse
circulation drill holes from its 2012 exploration program at the Taylor
silver mine development project, located in White Pine county, Nevada.
A total of 1,959 metres (6,425 feet) were drilled to both infill and expand
the existing open pit resource, and test extensions of higher grade
veins typical of the historic underground production at Taylor.
Significant mineralization was encountered in 12 of the 14 holes.
Highlights of the current release include:
SPT12-37 with 9.1 metres of 222.5 grams per tonne silver (30 feet of 6.32 ounces per ton) from a depth
of 45.7 m;
- SPT12-40 with 45.7 m of 108.7 g/t silver (150 feet of 3.17 ounces per ton) from
- SPT12-48 with 4.6 m of 767.7 g/t silver (15 feet of 22.39 ounces per ton) from a
depth of 102.1 m.
Assays for the final 11 holes of the program's first phase are pending,
and will be released on receipt of results and final quality assurance/quality control approval.
A complete table of results, location maps and detailed geological
information can be found on the company's website.
Project geology, existing resource and mill complex
The Taylor silver deposit is an epithermal, low to high silica, largely
oxidized, low-sulphide replacement deposit hosted by folded and faulted
Devonian carbonate rocks of the Pilot shale, Guilmette and Joana
formations intruded by Tertiary rhyolite dikes and sills.
The Taylor silver mine hosts an NI 43-101-compliant resource consisting
of 1,123,000 tonnes grading 85.71 g/t silver as a measured mineral
resource and 4,713,000 tonnes at 77.83 g/t silver classified as
indicated, for a combined total of 14.9 million ounces of silver. In
addition, the resource includes another 1.9 million ounces in the
inferred category based on 687,000 tonnes grading 87.1 g/t silver.
This resource estimate uses a 41.1 g/t silver cut-off grade (Hester,
2010). The company's Taylor project includes rights to a 1,320-ton-per-day mill with flotation and cyanide leach plants, water rights and
approximately 3,900 acres of mining claims located near Ely, Nev.
Subsequent to the 2010 resource calculation, a total of 88 additional
holes have been drilled. These drill results are being combined with
surface and subsurface geologic mapping to build a new model for
updating the current resource and mine plan, planned for late 2012.
Drilling and sampling methodology, quality control and quality assurance
All drilling to date in the 2012 Taylor drill program has been conducted
by a reverse circulation drill rig, where 1.52 m (five-foot) samples are
obtained. Sample quality for the project is generally high as all
drilling is above the water table and the hole is blown clean after
every 20-foot rod change.
ALS Chemex of Elko, Nev., and Vancouver, Canada, performed all primary
lab analyses. Samples received in the lab were first logged in and
assigned a barcode. The samples were then rotary split prior to
crushing to retain a coarse sample for metallurgical work. The
remainder was fine crushed to 70 per cent less than two millimetres then split with a
riffle splitter with one split pulverized to 85 per cent at less than 75
microns to create the final pulp for assay. All samples were initially
analyzed by aqua regia digestion and AAS. Samples exceeding 10 parts per million silver were run for silver by four-acid digestion using a two-gram
nominal sample (pulp) weight with AA finish. Higher grade results
above 750 ppm utilize a 0.5-gram pulp and are periodically checked with
a fire assay analysis on a 30-gram pulp. Assay results for silver are
reported by the lab in ppm units and all reported results are from the
four-acid analyses. For public disclosure, ounce per imperial ton
and gram per metric tonne is used, where 34.2857 ppm is
equivalent to one ounce per ton and one ppm is equivalent to one g/t.
Samples were analyzed by ALS Chemex in Reno and Elko, Nev. All assays
are reported as drilled intervals and are not to be interpreted as true
widths. Refer to the company's news release dated July 5, 2011, for a
complete discussion of sampling methods, quality control and assurance.
Mark Abrams, CPG, a qualified person as defined under NI 43-101 and
employee of the company, has reviewed and verified the technical
information contained in this news release.
We seek Safe Harbor.
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