- E2 Metals (E2M) soared over 225 per cent today after intersecting exceptional gold and silver results at its Mia prospect in Argentina
- This drilling is aiming to test extensions of the high-grade gold and silver mineralisation identified in May
- E2 Metals has so far received results from the first six holes with grades peaking at 426g/t gold and 1489g/t silver
- The company has received results from an initial four hole drilling program at the Patricia prospect
- Up to 0.3g/t gold and 174g/t silver was intersected and additional drilling has been planned
- Shares in E2 Metals are still up a healthy 216 per cent and are trading for 71 cents each
E2 Metals (E2M) was up more than 225 per cent today after intersecting exceptional gold and silver results from the Mia prospect.
The Mia prospect is part of the Conserrat Project which lies in the Santa Cruz province of Argentina, 15 kilometres along strike from AngloGold Ashanti’s (AGG) Cerro Vanguardia gold and silver mine.
This drilling at Mia is aiming to test extensions of the high-grade gold and silver mineralisation identified in May.
E2 Metals has so far received results from the first three reverse circulation (RC) holes and three diamond holes.
Best results include 18 metres at 47g/t gold and 208g/t silver from 66 metres including one metre at 424g/t gold and 1489g/t silver from 68 metres.
These results confirm Mia to be a new discovery and interpretations suggest the mineralisation is controlled by the intersection of an east-west and north-west vein.
E2 Metals will now undertake further drilling to better define the controls and structural context of the mineralisation.
“The recent drill results at Mia exceed our expectations and compare with the best gold and silver epithermal vein systems globally with respect to the grades and thickness,” Managing Director Todd Williams said.
“This is a watershed moment for E2 Metals that confirms the outstanding potential of the Conserrat Project, with many Mia-style vein targets still to test,” he added.
E2 Metals has also received results from an initial four hole RC drilling program at the Patricia prospect.
Drilling was planned to test a zone of a high-grade vein that previously returned up to 40g/t gold and 262g/t silver.
Two structures were intercepted, with results of one metre at 0.3g/t gold and 174g/t silver from 95 metres being returned from one hole and four metres at 0.2g/t gold and 55g/t silver from 19 metres in the other.
Both of these structures remain open to the east and west and additional RC drilling has been planned to locate the source of the high-grade vein.
Shares in E2 Metals are still up a healthy 216 per cent and are trading for 71 cents each at 1:47 pm AEDT.