"Masivo Silver Targets Drill Program in Nevada”
"Masivo Silver Targets Drill Program in Nevada”
Vancouver, British Columbia, May 05, 2021 - Masivo Silver Corp. (TSXV: MASS)
(“Masivo or the “Company”) is very pleased to announce that it is quickly moving forward
to define drill targets for a “Phase I” drilling program in the mineralized JP mining claims
on primarily private land, which cover the historic “Boston” and “Montgomery” mines.
The Boston mine and surrounding area has seen minimal exploration since it closed at
the onset of WWII. Historical shipments of high-grade silver, gold and copper reported
grades up to 226 g/t silver, 9 g/t gold and 6.8% copper, with localized zones of up to 2,880
g/t silver, 25.7 g/t gold and 32% copper (USGS Publication: Bulletin 847-A). Previous
exploration work completed by Tenneco Minerals (1987) and Minnova U.S.
(Falconbridge) (1990) has resulted in grades up to 26.19 g/t gold and 59.31 g/t silver
reported in RC drill hole “Con-5” from 70 to 75 feet and rock chip samples of 29.29 g/t
gold and 169.03 g/t silver (sample 83770) from the Montgomery mine area.
Masivo Silver QP Brian Brewer and Geo/Board Member Tom Quigley have recently been
on site in Nevada at the Boston and Montgomery Mines as well as their Western Skarn
areas to collect samples and review the historic data to help define the drill program.
Permitting is expected to be easily obtainable in the short term, as the majority of the
drilling will be conducted on wholly controlled private land and the NOI level of disturbance
will be quite restricted on BLM land. The permitting process has begun and falls under
the supervision of independent QP Brian Brewer.
A Phase I core drilling program will be proposed in the very near future, taking into
consideration the new assay results as well as the historical data.
Independent QP Brian Brewer stated,“It is apparent that the Boston Mine project is host
to widespread Skarn type mineralization. I was able to observe visible gold (VG) in several
hand specimens that were collected from the Boston and Montgomery mine areas. This
further supports that high-grade gold mineralization is associated with the Skarn
alteration”
David Coburn, Masivo Silver Corp. CEO, stated “We are very happy and excited to be
advancing quickly into a drilling program and to further explore these historical claims
located in close proximity to very important mines that are currently and have been in
production for so many years in the State of Nevada”
Rock samples have been sent to Paragon Geochemical of Sparks, Nevada for analysis.
These samples will be assayed utilizing fire assay/metallic screen for Au and Ag and Aqua
Regia and ICP-OES for a multi element suite.
Historical data reviewed included, but was not limited to; drill data, geophysical data,
underground mapping and sampling results and a wide array of various historical reports.
Brian T. Brewer, M.Sc., CPG #11508, is a Qualified Person as defined by NI 43-101 and
has reviewed and approved the scientific and technical disclosure in this news release.
About Masivo Silver Corp
Masivo is a silver and gold exploration, development, and ore processing company exploring an
aggregate of 14,000+ hectares strategically located in the gold/silver-rich Sierra Madre Occidental
Trend in western Mexico. The Company’s mill, located on its El Colomo property, is capable of
processing up to 300 tons of ore per day. Additional information on Masivo, its current operations
and its vision, is available on the Company’s website at www.masivosilver.com or
from [email protected].
ON BEHALF OF THE BOARD OF DIRECTORS
“David Coburn” Chief Executive Officer
For information, please contact the Company:
Phone: 602-315-1231
E-mail: [email protected]
Website: www.masivosilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.