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Aftermath Silver Ltd. Enhances Berenguela Resource with Successful Drilling Program Results

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Cashu
8 months ago
Cashu TLDR
  • Aftermath Silver increases drilling plan at Berenguela from 60 to 82 holes, totaling 5,329 meters.
  • Strong copper mineralization found in drill hole AFD139, indicating resource potential remains open to the east.
  • The company is revising mineral resource estimates based on Phase 1 and Phase 2 drilling results.
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AAG.V
Aftermath Silver Ltd
13.83%

Aftermath Silver Advances Resource Expansion at Berenguela Deposit

Aftermath Silver Ltd. announces the final assay results from its Phase 2 diamond drilling program at the Berenguela silver-copper-manganese deposit located in southern Peru. The company increases its initial drilling plan from 60 to 82 holes, totaling 5,329 meters of exploration. Among the noteworthy results, drill hole AFD139 reveals strong copper mineralization, suggesting that the resource remains open to the east, which aligns with Aftermath Silver's strategic focus on enhancing the deposit's resource potential. Ralph Rushton, the company's President and CEO, emphasizes that a revised mineral resource estimate is currently underway, integrating findings from both the Phase 1 and Phase 2 drilling efforts.

The drilling program specifically targets key areas, particularly the eastern ridge and central zones adjacent to historical open pits. The results show an impressive weighted average core recovery of 97%, indicating effective drilling practices and high-quality data acquisition. Historically, mining operations conducted between 1913 and 1965 extracted approximately 500,000 tons of material, representing only about 1.2% of the current measured and indicated resource inventory. This historical context underlines the significant untapped potential that exists at Berenguela, as the current drilling aims to convert inferred resources into indicated or measured categories while addressing geological complexities and faulting.

Geologically, the host stratigraphy is comprised of folded limestones, with mineralization primarily aligning along stratigraphic features. The company carefully assesses voids resulting from previous mining activities and notes potential thickening of the limestone sequence. Despite challenges posed by the local topography, Aftermath Silver plans to continue exploration efforts to access the eastern mineralization area, further solidifying its commitment to expanding the resource base at Berenguela. The successful results from this drilling campaign set a strong foundation for future exploration and resource development initiatives.

In addition to the positive drilling results, Aftermath Silver's strategic focus on enhancing the resource base at Berenguela reflects its broader commitment to sustainable mining practices. The integration of advanced geological assessments and responsible resource management is critical for the company as it navigates the complexities of mineral exploration in a challenging environment.

As Aftermath Silver continues to build on its drilling successes, the company positions itself for future growth and exploration in the silver and copper mining sector, contributing to the overall development of the region's mineral resources.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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