Silverton Metals Announces Exploration Update Pluton Silver – Zinc – Lead Project, Durango, Mexico
Silverton Metals Corp.
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
p 604 - 683 -0911
www.silvertonmetals.ca
TSX - V: SVTN
OTCQB: SVTNF
SILVERTON METALS ANNOUNCES EXPLORATION UPDATE
PLUTON SILVER – ZINC – LEAD PROJECT, DURANGO, MEXICO
VANCOUVER, BC, October 25, 2021 – Silverton Metals Corp. (TSX-V: SVTN, OTCQB: SVTNF) ("Silverton" or
the "Company") is pleased to provide an update of exploration activities at the Pluton silver -zinc-lead
project in the state of Durango, Mexico. Recent processing and 3D -modelling of geophysical data
commissioned by the company reveals new target areas and features not previously identified, which are
potentially related to mineralization. To date, magnetometry reprocessing has been completed while
ZTEM and gravity modelling are in progress. Permitting is underway for a seismic test line scheduled to
be surveyed before year end. The seismic profile is expected to determine the depth to carbonate rocks
that host silver-rich manto-chimney deposits (aka CRD’s or carbonate replacement deposits) in the district
(see SVTN September 27 news release).
Mag 3D modelling of magnetic data, in addition to having identified a new target, has refined the location
and shape of magnetic bodies (interpreted as intrusive rocks), alteration zones and st ructures, all
especially useful for the selection of drill targets.
The new target area called San Andres, located south of the Dos Amigos target, is added to the five targets
previously identified (Fig 1). The prospectivity of the Dos Amigos-San Andres area is highlighted by surface
assays on dumps (between 4%-5.5% Pb-Zn) and assays of drill hole 2 drilled in Dos Amigos area (6.6% Pb,
and 9.5% combined Zn -Pb in sub -meter (0.6m) veinlets intercepts 80 meters and 160 meters below
surface, respectively). These vein intercepts occur in capping shales and are interpreted to be connected
to larger mineralized bodies once the veinlets reach the favourable carbonate horizons that underlie the
shales. Magnetic 3D modelling indicates deep magnetic bodies below the D os Amigos-San Andres area
suggesting potential mineralized bodies rooted in intrusive rocks at depth (Fig 2).
In addition to the magnetic, electromagnetic (ZTEM) and gravity data mentioned above, Silverton also
obtained ground NSAMT data as well as an ext ensive dataset of rock and soil geochemical data that will
be integrated with geological information and evaluated to rank drill targets.
Mr. John Theobald, President & CEO of Silverton comments “I am very pleased to have retrieved original
geophysical databases and be working with top experts to evaluate the data. Modern 3D processing,
integration and reinterpretation of multiple datasets including geology, geochemistry and geophysics, will
be very valuable to refine and rank drilling targets. Pluton dist rict is a major hydrothermal system with
excellent potential to locate high-grade silver-lead-zinc manto-chimney deposits similar to those mined in
the historic Ojuela Mine and the nearby Platosa mine, which is Mexico’s highest-grade silver mine with a
silver equivalent grade of over 1,000g/t 1. We look forward to completing the analysis of the geophysical
data in the next few weeks and have results of the seismic survey by 1Q2022. Subject to results of data
evaluation, drilling permitting is planned for 1H2022 and drilling of selected targets for 2H2022”.
1 Excellon’s website corporate presentation July 2021
Silverton Metals Corp.
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
p 604 - 683 -0911
www.silvertonmetals.ca
TSX - V: SVTN
OTCQB: SVTNF
Figure 1. Total magnetic intensity showing target areas identified to date and location of historic drill
holes.
Silverton Metals Corp.
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
p 604 - 683 -0911
www.silvertonmetals.ca
TSX - V: SVTN
OTCQB: SVTNF
Figure 2. 3D Magnetic vector inversion (3DMVI) at a 1,000 meters depth. Source: heliborne magnetic
survey flown by Geotech in 2010 with 150 meter line spacing at an average of 57 meters mag sensor
ground clearance. Targets outside the colored block were selected based on geological, geochemical
and regional magnetic data. (Regional mag map shown in Fig 1).
Silverton Metals Corp.
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
p 604 - 683 -0911
www.silvertonmetals.ca
TSX - V: SVTN
OTCQB: SVTNF
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Peter Born, P. Geo., a Qualified Person for the purpose of NI 43-101.
On behalf of the Board
John Theobald
President, CEO & Director
Silverton Metals Corp
About Silverton Metals Corp
Silverton Metals Corp is a Canadian company focused on the exploration and development of quality silver
projects. The company holds a 100% interest in three significant silver assets in Mexico – Pluton, in
Durango, Peñasco Quemado in Sonora and La Frazada in Nayarit. Silverton management and board have
extensive experience identifying and evaluating acquisition targets and exploration prospects. The
company intends to build a strong portfolio of silver and gold-silver projects to drive future growth by
exploration success and from later stage projects with production potential. To achieve this growth the
Silverton business plan calls for a dynamic combination of development of its existing properties,
acquisitions, and partnerships.
For further information please contact:
Silverton Metals Corp.
W. Barry Girling, VP Corporate Development and Director
(604) 683-0911
Forward-Looking Statements
Information set forth in this news release contains forward -looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silverton
cautions that all forward looking statements are inherently uncertain and th at actual performance may
be affected by a number of material factors, many of which are beyond Silverton's control. Such factors
include, among other things: risks and uncertainties relating to Silverton's limited operating history and
the need to comply with environmental and governmental regulations. Accordingly, actual and future
events, conditions and results may differ materially from the estimates, beliefs, intentions and
expectations expressed or implied in the forward looking information. Except as required under applicable
securities legislation, Silverton undertakes no obligation to publicly update or revise forward -looking
information.
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