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Gatos Silver Commences Drilling at Its 100% Owned Santa Valeria Project
March 11, 2021 GMT
DENVER--(BUSINESS WIRE)--Mar 11, 2021--
Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce drilling has commenced at its Santa Valeria project.
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Santa Valeria Location Map (Graphic: Business Wire)
The Santa Valeria project, located in southern Chihuahua, Mexico, is five kilometers east of the Los Gatos Joint Venture’s 103,000-hectare Los Gatos District mineral concession block. Gatos Silver owns 100% of Santa Valeria, which appears to have similar geologic setting to the Cerro Los Gatos deposit on the eastern flank of the same sedimentary basin. Accordingly, the Santa Valeria mineralization is presumed to be related to eastern basin-bounding fault structures, and exploration by previous concession owners identified silver-bearing mineralization in the footwall zone of the target faults. An eighteen-hole, 5,400-meter drill campaign is planned for the initial test of the principal targets.