Fuerte Metals Intercepts 7.3 g/t AuEq over 2.5 m, 7.5 g/t AuEq over 1.5 m and 9.2 g/t AuEq over 0.9 m at its Cristina Project in Chihuahua, Mexico
Fuerte Metals Intercepts 7.3 g/t AuEq over 2.5
m, 7.5 g/t AuEq over 1.5 m and 9.2 g/t AuEq
over 0.9 m at its Cristina Project in Chihuahua,
Mexico
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2024) - Fuerte Metals Corporation (TSXV:
FMT) ("
Fuerte
" or the "
Company
") is pleased to report results from the most recent five holes of a
diamond drilling program at its wholly-owned Cristina precious metals project in southwestern
Chihuahua State, Mexico. Fuerte has now reported twenty holes totalling 5,411.5 metres of drilling as
part of a 40-50 hole, 21,000 metre drill program. The Cristina project consists of multiple outcropping
quartz veins that are frequently greater than 10 metres in width and extend for at least a five-kilometre
strike length. Four parallel mineralized vein zones have been mapped and sampled to date, with most of
the existing mineral resource estimate at Cristina contained within only one of the vein zones, the
Guadalupe vein (Figures 1 and 2).
Drilling Highlights
Highlights of the holes reported here, all from the main Guadalupe vein system, include:
7.3 g/t AuEq over 2.5 m
estimated true width (7.0 g/t Au, 11.2 g/t Ag, 0.15% Zn, 0.05% Pb and
0.04% Cu) in hole
ACD24-238
This 2.5 m wide intercept occurs within a broader zone of mineralization measuring 2.5 g/t
AuEq over 13.0 m estimated true width (1.9 g/t Au, 23.1 g/t Ag, 0.21% Zn 0.13% Pb and
0.06% Cu)
7.5 g/t AuEq over 1.5 m
estimate true width (2.0 g/t Au, 296.6 g/t Ag, 1.69% Zn, 0.48% Pb and
0.16% Cu) in hole
ACD24-240
This 1.5 m wide intercept occurs within a broader mineralized zone measuring 3.8 g/t AuEq
over 4.1 m estimated true width (1.6 g/t Au, 117.6 g/t Ag, 0.64% Zn, 0.30% Pb, 0.07% Cu).
A second interval in this hole graded 2.0 g/t AuEq over 12.0 m estimated true width (1.0 g/t
Au, 36.3 g/t Ag, 0.37% Zn, 0.17% Pb, 0.13% Cu).
9.2 g/t AuEq over 0.9 m
estimated true width (5.4 g/t Au, 167.0 g/t Ag, 1.87% Zn, 0.82 % Pb,
0.12% Cu) in hole
ACD24-239
This 0.9 m wide intercept occurs within a broader mineralized zone measuring 1.9 g/t AuEq
over 10.0 m estimated true width (1.1 g/t Au, 37.5 g/t Ag, 0.26% Zn, 0.14% Pb, 0.06% Cu).
Tim Warman, Atacama's CEO, commented: "We've now completed 20 holes in the Guadalupe vein as
part of the current program, and have successfully defined at least three high-grade zones that appear
amenable to underground mining, with these zones remaining open at depth. Drilling will now shift to the
Los Ingleses vein system in the northeast part of the property (Figures 1 and 9), where some of the
highest-grade surface samples have been found. Limited previous drilling in this area returned high-
grade intercepts over good widths, and we intend to follow up with sufficient drilling to prove out
additional higher-grade resources."
The current 21,000 m drilling program at Cristina is expected to continue through the winter and wrap up
in the first half of 2025 and will be followed by a new mineral resource estimate based on underground
mining. Assuming positive results, the company intends to commence a Preliminary Economic
Assessment of an underground mine at Cristina.
Geology and Context of Results
All five holes reported here were drilled towards the western end of the Guadalupe vein system, and from
west to east show:
ACD24-240 extends a zone of shallow, high-grade mineralization (7.5 g/t AuEq over 1.5 m est.
true width) closer to surface near the western end of the resource outline on section A-A' (Figures
2, 3 & 4).
ACD24-239 confirms continuity of a high-grade zone over at least 200 vertical metres on section
B-B' (Figures 2, 3 & 6).
ACD24-238 confirms a high-grade zone with continuity over approximately 300 vertical metres on
section C-C' (Figures 1 & 5), with the zone remaining open at depth.
ACD24-36 and 237 encountered relatively low grades defining the upper limits of the higher-grade
horizon marked by strong continuous grade in previous holes drilled deeper on sections D-D' and
E-E' (Figures 3, 4 & 5). The mineralization remains open at depth.
The twenty holes completed to date have successfully defined a series of continuous higher-grade zones
extending over several hundred vertical metres within the main Guadalupe vein. These higher-grade
zones remain open at depth.
Drilling has resumed at Cristina after a short break for the rainy season, and the next holes will target
resource growth in the Los Ingleses vein system, an under-explored area that returned some of the
highest-grade surface sample results at Cristina to date.
The Cristina deposit is an epithermal to mesothermal vein system where the mineralization is
predominantly gold and silver, with lesser base metal values. At least four known parallel vein zones
trend east-west to northeast-southwest and are hosted in an andesitic volcanic sequence which forms
part of the Lower Volcanic Sequence of the Sierra Madre Occidental range. The andesites are
intercalated locally with dacitic intrusions and related lava flows and breccias, and the sequence is in turn
cut by andesitic and hornblende-plagioclase porphyry following fault trends. In some areas the veins are
covered by post-mineral rhyolite of the Upper Volcanic Sequence.
Figure 1 - Known vein systems and existing drill holes at the Cristina Project.
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Resource pit in Figures 1 through 8 is based on the National Instrument 43-101 compliant report titled
"Technical Report on the Mineral Resource for the Cristina Project" prepared for TCP1 Corporation and
Atacama Copper Corporation by Independent Mining Consultants Inc., with an effective date of January
1, 2023, and issue date of December 1, 2023.
Figure 2 - Location of drill holes and cross-sections from the current release, Guadalupe vein
system.
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Figure 3 - Long section through the Guadalupe vein system with drill holes from the current
release.
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Figure 4 - Cross-section A-A' through the Guadalupe vein system with hole ACD24-240
intercepting a higher-grade zone close to surface within the existing resource pit shell.
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Figure 5 - Cross-section B-B' through the Guadalupe vein system with hole ACD24-239
showing continuity of a high-grade zone over at least 200 vertical metres.
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Figure 6 - Cross-section -C' through the Guadalupe vein system with holes ACD24-235 and -
238 showing a high-grade zone with approximately 300 m of vertical continuity, that remains
open at depth.
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Figure 7 - Cross-section D-D' through the Guadalupe vein system with hole ACD24-237, which
encountered relatively low grades defining the upper limits of the higher-grade horizon marked
by strong continuous grade in previous holes drilled deeper on this section. The
mineralization remains open at depth.
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Figure 8 - Cross-section E-E' through the Guadalupe vein system with hole ACD24-236,
which
encountered relatively low grades defining the upper limits of the higher-grade horizon
encountered by hole CRD-22-219 drilled deeper on this section. The mineralization remains
open at depth.
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