Silver Valley Metals Announces Exploration Results from the East Curlew Target; Potential Strike Extension from the Past Producing Blackhawk Mine at its Ranger-Page Project in the Silver Valley, Northern Idaho, USA
Silver Valley Metals Announces Exploration Results from the East Curlew
Target; Potential Strike Extension from the Past Producing Blackhawk Mine
at its Ranger-Page Project in the Silver Valley, Northern Idaho, USA
VANCOUVER, BC
,
March 22, 2023
/CNW/ - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), a brownfields
exploration Company with two potential high impact projects that comprise
silver-zinc-lead located in north
Idaho
,
USA
and
lithium - potassium (
sulphate of
potash
) located in
Zacatecas
and
San Luis Potosi, Mexico
respectively, is pleased to provide strong exploration results from its newly defined
East Curlew
target at the Ranger-Page Project,
Silver Valley
, Idaho.
To view the East Curlew Target in a 3-D multi-media audio-video click:
https://tinyurl.com/yc7327fs
Highlights:
The
East Curlew target
is the eastern extension of the Curlew fault, which is an important fault at the historic Page and Blackhawk mines, which hosts the
Curlew Vein, and the prolific
Tony Vein
First assessment with modern exploration techniques of the Curlew fault along its eastern corridor.
A very large and significant near surface coincident Induced Polarization and Resistivity anomaly measuring
450 metres
of strike length and
300 metres
of
down dip extension from
near surface
reflects a high potential to discover a complimentary mineralized system to the Blackhawk Mine along the Curlew
Fault.
Strong and highly anomalous surface geochemistry sample results in
silver, zinc, lead, and
copper
are located near and on top of the geophysical
anomalies further validating the importance of the
East Curlew
target.
The
East Curlew
target is located approximately
230 metres
east of the historic Blackhawk mine, in the footwall of the projected Curlew Fault.
The
East Curlew
target is also located between the Crown Point mine to the north,
500
metres, and the Ranger-Wyoming Complex to the south,
200
metres
- these high-priority drill target areas are all located within a relatively small
700 metre X 700 metre footprint.
One of seven high priority
large
target areas defined from the 2022 exploration campaign constrained within a relatively small 3km x 2km area.
To view exploration results in presentation format, click
https://tinyurl.com/yusv7wns
"We are pleased to see that the mapped Curlew Structure continues to show significant promise along its eastern extension from the past producing Blackhawk
mine. Coincident ground IP, geochemical results, and mapped alteration of host rocks further validate
East Curlew's
high rank among our long list of near
surface targets.
East Curlew's
proximity to historic mine infrastructure means successful drilling could lead to rapid development for further testing of this near
surface mineralization. We look forward to testing the East Curlew target during our 2023 drilling campaign," comments
Brandon Rook
, CEO of Silver Valley
Metals.
The East Curlew target is located approximately 230 metres east of the historic Blackhawk mine, in the footwall of the projected Curlew Fault. The Blackhawk
mine was mined to the 1200-foot level and remains in mineralization with an approximate 375 metre strike length at the 1200-foot level, this being supported from
underground maps secured from the past operator. The East Curlew target at near surface is a complimentary target to the Blackhawk mine as it may have the
potential to open future mining opportunities at the Blackhawk mine with a successful near surface and at depth drilling campaign at East Curlew.
The East Curlew target is also situated between the Crown Point Mine 500 metres to the north and the Ranger-Wyoming Complex, 200 metres to the south, two
areas with past production but only near surface no greater than 200 feet below surface; both of these areas are considered open at depth and laterally along
strike and are a high priority to drill this year; all of these targets may potentially help assist the re-opening of the Blackhawk mine, and further to that, the re-
opening of the top-ten historical producer in the
Silver Valley
, the Page Mine that is located 750 metres to the west of the Blackhawk mine.
The East Curlew target is one of
seven
high priority target areas that the Company has defined from its successful 2022 exploration campaign. Importantly, all
high priority areas are constrained to a compact area approximately 3 kilometres by 2 kilometres and each target shows significant strike and depth potential.
East Curlew Target Area (CNW Group/Silver Valley Metals Corp.)
To view an enhanced version of the East Curlew Target Area, please click:
https://tinyurl.com/36zsvbak
Geophysics: Induced Polarization
Background polarity observed in the host rock is typically between 0 and 4 msec, as compared to the +20 msec background observed in the
Prichard
formation to
the north of the Osburn Fault. The East Curlew polarity anomaly is strongest near surface (0-200 metres deep), with highest values between 8 and 12 msec. The
strike length of this anomaly is approximately 450 metres. The depth extension below 300 meters is promising, but less contiguous as the upper anomaly. High
overlapping resistivity data at the East Curlew target is interpreted to be silicic alteration associated with a potential mineralized system.
East Curlew Induced Polarization Anomaly (CNW Group/Silver Valley Metals Corp.)
To view an enhanced version of the East Curlew Target figure - Geophysics:
Induced Polarization
Anomaly, please click:
https://tinyurl.com/mr48mbet
East Curlew Resistivity Anomaly (CNW Group/Silver Valley Metals Corp.)
To view an enhanced version of the East Curlew Target figure – Geophysics:
Resistivity Anomaly
, please click:
https://tinyurl.com/53cfpzp8
Geochemical Program:
After identifying the ground IP anomalies, a surface geochemical program was initiated to further validate the perceived IP targets. Soil geochemistry sampling
over the IP anomaly shows silver values up to
0.6 opt Ag (21 g/t Ag)
compared to a background of <0.1. Lead, Zinc and Copper anomalies are as high as
1,790 ppm, 405 ppm, and 419 ppm
respectively. Background levels of lead, zinc and copper in the project area are typically
10 ppm, 40 ppm, 6 ppm
respectively based on all 2022 Silver Valley Metals geochemical data. Trace element vector analysis is ongoing, and we expect that will further validate the East
Curlew target.
Field Program description
:
A north-south soil grid oriented over the Induced Polaization anomaly was used to guide sample locations. Samples of the B and C soil horizons were collected on
a 30 metre spacing. At each location, a pit was dug until refusal (could not dig deeper). The C and B soil horizons were sampled separately, described,
photographed, staked and location data collected via GPS. Results were loaded into Leapfrog Geo and displayed via a proportional grade plot to highlight high
values.
East Curlew Target Hi Grade Silver Value (CNW Group/Silver Valley Metals Corp.)
https://tinyurl.com/ye2yhdjm
B-Horizon Geochemical Results:
LDL
<5 ppm
<1 ppm
<2 ppm
<5 ppm
<5 ppm
<2 ppm
<3.4 ppm
Sample ID
Easing
Northing
Elevation (m)
As (ppm)
Cd (ppm)
Cu (ppm)
Pb (ppm)
Sb (ppm)
Zn (ppm)
Ag (g/t)
GCE-2-10B
561471
5264058
888
20.2
<1.0
31.6
527
45.2
70.3
3.8
GCE-2-11B
561494
5264078
878
21.8
<1.0
29.7
1070
33.2
100
5.1
GCE-2-12B
561512
5264101
882
22.1
<1.0
38.4
932
48
89
<3.4
GCE-2-13B
561530
5264129
885
13.8
<1.0
16.3
254
31.7
109
<3.4
GCE-3-1B
561571
5264124
912
34.8
<1.0
40.5
669
76.2
50.5
<3.4
GCE-3-2B
561557
5264094
914
32.5
<1.0
94.8
1320
113
90.4
6.6
GCE-3-3B
561541
5264067
912
14.7
<1.0
49.5
1010
31.4
75.1
5.2
GCE-3-4B
561518
5264043
917
23.9
<1.0
17.1
145
26.4
65.2
<3.4
C Horizon Geochemical Results:
LDL
<5 ppm
<1 ppm
<2 ppm
<5 ppm
<5 ppm
<2 ppm
<3.4 ppm
Sample ID
Easing
Northing
Elevation (m)
As (ppm)
Cd (ppm)
Cu (ppm)
Pb (ppm)
Sb (ppm)
Zn (ppm)
Ag (g/t)
GCE-2-10C
561471
5264058
888
25.9
<1.0
15
281
23.4
35.1
<3.4
GCE-2-11C
561494
5264078
878
10.2
<1.0
8.45
198
13
35
<3.4
GCE-2-12C
561512
5264101
882
22.8
<1.0
115
1520
316
150
18.3
GCE-3-2C
561557
5264094
914
27.8
<1.0
419
1660
150
405
21.2
GCE-3-3C
561541
5264067
912
35.6
<1.0
32.3
686
39.4
53.6
<3.4
GCE-3-4C
561518
5264043
917
31.4
<1.0
14.8
75.8
29.1
25.9
<3.4
GCE-4-6C
561583
5264098
934
55.1
<1.0
122
1790
129
382
11.0
GCE-4-7C
561573
5264072
930
12.7
<1.0
110
1470
48.1
346
13.9
GCE-4-8C
561567
5264048
937
26.7
<1.0
7.82
5.32
18.4
44.4
<3.4
GCE-4-9C
561549
5264028
938
17.3
<1.0
4.36
19.2
17.2
28.4
<3.4
Lab Analysis – QA-QC:
Atomic absorption analysis for Silver:
American Analytical Services, Inc ("AAS") is an ISO/IEC 17025 accredited laboratory, located in
Osburn, Idaho
. All analysis includes quality control measures to
ensure an acceptance standard established within AAS methods. All samples sent to AAS were checked for accuracy between the chain of custody and the
samples with the client present. Samples are dried before starting the prep process. The prep process includes crushing the sample in its entirety to 80% passing
a 10 mesh, split in a riffle box to make a 250g sub-sample and pulverized to 85% passing a 140 mesh. Analysis for AA-Ag is done by 2 or 4 acid digestion.
Detection limit for AA-Ag is 0.100 Oz/ton - 15.0 Oz/ton. Any results over the detection limit are sent to fire assay to do Ag gravimetric finish.
ICP-OES analysis for 35 element analysis:
All samples are subjected to a 4-acid digestion. Digestion QC consists of a reagent blank, control standard and for every 20 samples there is a duplicate of a
sample pulp to check RPD. To begin ICP-OES analysis, the instrument is standardized with the five working standard solutions (multi-point linear fitting). Samples
are then measured with the reagent blank, control standard and a CCV (continuous calibration verification). Once samples are analyzed, all QC is checked, and
results are sent to LIMS system to be made into the client's report.
Social Media:
Facebook:
https://www.facebook.com/silvervalmetals
Twitter:
https://twitter.com/silvervalmetals
Instagram:
https://www.instagram.com/silvervalmetals
Linked-In:
https://www.linkedin.com/company/silvervalmetals
Youtube:
https://youtube.com/@silvervalmetals
Qualified person
Timothy Mosey, BSc
, MSc, SME, is the qualified person for the company and qualified person as defined by National Instrument 43-101. Mr. Mosey supervised
the preparation of the technical information in this news release.
About: MexiCan
lithium - potassium (
sulphate of potash
)
project:
Silver Valley Metals Corp. owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions (the
"Mexican Projects") located on the Central Mexican Plateau in the states of
Zacatecas
, and
San Luis Potosi, Mexico
. The NI 43-101 inferred mineral resource
contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion.
About: Ranger-Page project:
The Ranger-Page Project ("The Project") is in the
Silver Valley
, northern
Idaho, USA
, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway.
In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute Annual Mining Survey). The Project borders
the famous Bunker Hill Mine to the east and for the first time consolidates the western extent of the prolific
Silver Valley
mining corridor by one operator in the
past 100+ years.
The Project comprises 6 historical mines on patented claims, without royalties. The largest of these, the Page Mine, was a top ten producer in the
Silver Valley
yielding over 1.1 billion pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade silver-zinc-lead historic reserves and remains
open at depth and along strike beyond what has been identified to date.
Historical mining on the properties shared underground infrastructure which connected the larger Page mine with five shallow historic mines within the larger
Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the
shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historic mines is considered significant as modern systematic exploration is being applied to the project for the first time.
About: Silver Valley Metals:
Silver Valley Metals Corp. is a Canadian exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the
pursuit of mineral discovery and development. We are focused on the advancement of strategic and precious mineral properties including Lithium-Potash in
Mexico
and Silver-Zinc-Lead in northern
Idaho
, USA.
Link to Website:
http://www.silvervalleymetals.com
On behalf of the Board of Directors of Silver Valley Metals,
"Brandon Rook"
Brandon Rook
, President & CEO, Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate
to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that
express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and
may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and
on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the
maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the
completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity
of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of
prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's
expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed
elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-
looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them
to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/silver-valley-metals-announces-exploration-results-from-the-east-curlew-target-potential-strike-extension-from-the-past-producing-blackhawk-mine-at-its-ranger-page-project-in-the-silver-valley-northern-idaho-usa-301778606.html
SOURCE
Silver Valley Metals Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/March2023/22/c3712.html
%SEDAR: 00021465E
For further information:
please contact us at: Douglas Dobbs, Corporate Development Director, 509-475-1173, 604-800-4710, [email protected]
CO: Silver Valley Metals Corp.
CNW 09:16e 22-MAR-23