Assay Results

Phase 2 Drilling

The most significant drill intercepts (uncut, undiluted) within the Babicanora area: Oct 19, 2017

Hole No. From
(m)
To
(m)
Est. True
Thickness (m)
Au
gpt
Ag
Gpt
AgEq*
gpt
Vein
BA17-17 273.0 276.0 2.9 5.62 172.7 594 Babicanora
Includes 274.0 275.0 0.8 14.75 182.0 1,288  
  262.0 262.5 0.4 8.70 783.0 1,435 Babicanora
FW
BA17-18 148.9 152.9 3.0 4.34 130.4 456 Babicanora
Includes 148.9 149.5 0.5 6.33 381.0 855  
includes 151.3 151.9 0.4 11.6 37.0 907  
  140.7 141.3 0.4 3.46 233.0 492 Unknown
BA17-20 75.7 78.2 2.0 3.05 77.8 307 Amatista
Includes 76.5 77.5 0.8 6.16 121.0 583  
BA17-21 15.5 16.0 0.5 4.67 289.0 693 Babicanora
FW
BA17-23 131.0 136.0 4.0 0.05 397.4 401 Babicanora
Includes 131.0 132.0 0.8 0.05 1,101.5 1,105  
BA17-26 160.0 161.0 1.0 2.02 31.0 183 Babicanora
BA17-27 286.5 291.0 4.1 3.56 137.0 404 Babicanora
Includes 289.5 291.0 1.4 7.15 147.0 683  
GR17-01 187.5 188 0.5 0.95 103.0 174 Granaditas
GR17-02 138.9 140.6 1.7 3.63 190.1 462 Granaditas
Includes 139.9 140.6 0.7 8.16 387.0 999  
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.

Babicanora Vein Only, Sept 14, 2017

Hole No.** From
(m)
To
(m)
Est. True
Thickness (m)
Au
gpt
Ag
gpt
AgEq* gpt
UB17-11 85.1 92.5 3.7 2.58 332.6 526
includes 89.8 91.9 1.1 8.55 761.2        1,402
UB17-12 113.7 121.8 3.6 0.14 266.7 277
BA17-07 207.6 219.6 4.8 4.63 250.9 598
includes 218.2 219.6 0.5 9.95 318.1        1,064
BA17-10 80.5 81.0 0.5 4.78 37.0 396
BA17-12 140.1 142.6 2.2 1.91 138.9 282
includes 140.1 140.9 0.8 3.70 154.0 432
BA17-13 276.5 278.4 1.9 0.29 394.4 416
includes 277.8 278.4 0.6 0.05 866.0 870
BA17-14 134.6 137.2 2.1 2.01 160.5 311
includes 134.6 135.2 0.5 6.61 588.0        1,084

Giovanni, William Tell, Varela and La Blanquita Veins August 3rd, 2017

Vein Hole No. From
(m)
To
(m)
Est. True
Thickness
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
Giovanni              
  LC-17-39 323.0 325.4 2.2 0.81 122.0 183
  LC-17-45 159.6 161.9 1.9 50.56 5,018.8 8,803
  Includes 161.1 161.9 0.7 137.50 13,560.0 23,873
    167.4 167.9 0.5 1.05 190.0 269
    172.6 173.1 0.4 3.72 506.0 785
    179.4 180.3 0.7 1.96 255.0 402
    222.3 227.1 4.1 1.71 231.8 360
  LC-17-52 358.4 358.9 0.5 2.96 107.0 329
William Tell                  
  LC-16-27** 51.4 52.4 1.0 2.03 313.0 465
  LC-17-30 249.9 251.8 1.9 0.39 427.8 457
  LC-17-33 253.6 254.1 0.4 1.32 154.0 253
  LC-17-47 214.6 215.0 0.3 7.42 417.0 974
  LC-17-48 170.6 171.1 0.5 0.49 231.0 268
  LC-17-49 217.4 217.9 0.5 3.14 595.0 831
  LC-17-51 204.8 205.8 1.0 2.11 214.0 372
Varela                  
  LC17-40 133.2 133.9 0.7 0.96 124.0 206
  LC17-55 179.9 180.7 0.8 2.67 272.0 472
La Blanquita                  
  LC17-56 54.0 55.0 1.0 1.23 362.0 454
Unnamed              
  LC-17-50 17.5 18.2 0.6 2.52 256.0 445
  LC-17-51 118.5 119.0 0.5 1.04 193.0 271

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada. **Previously announced drill intercept in the Las Chispas Vein that was below the cut-off grade of 150 gpt AgEq*; Hole LC16-27 intercepted William Tell Vein with grades above the Company’s cut-off. See May 11, 2017 news release.

Babicanora Vein only June 22, 2017

Hole No.
**
From (m) To (m) Est. True
Thickness
(m)
Au
gpt
Ag
gpt
AgEq*
gpt
BA17-04 43.9 53.4 6.6 1.03 328.5 406
Includes 50.2 53.4 1.6 2.21 437.0 602
BA17-05 50.3 53.9 2.0 3.78 67.8 347
Includes 50.9 52.3 0.7 9.48 111.0 822
UB17-08 54.6 55.8 1.2 3.53 303.0 568
UB17-09 70.2 77.8 7.6 4.08 196.1 502
Includes 75.6 77.8 2.2 10.8 181.0 991

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Babicanora surface holes begin with “BA” and underground holes begin with “UB”.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC, Canada.

ALL NEW VEIN INTERCEPTS, May 11, 2017

Hole No. From (m) To (m) Est. True
Thickness
(m)**
Au gpt Ag gpt AgEq*
gpt
  Vein
LC16-20 131.0 132.0 1.0 0.05 306.0 309 Giovanni
LC16-21 131.5 133.0 1.5 2.08 0.2 156 Unnamed
LC16-22 198.0 200.2 2.2 1.29 162.6 259 Las Chispas Main
LC16-26 11.7 12.7 1.0 5.65 316.0 739 Unnamed
LC17-29 299.6 301.9 2.3 0.70 125.1 177 Giovanni
LC17-34 115.6 116.0 0.4 3.54 555.0 820 Unnamed
  155.2 157.3 2.1 1.76 215.5 347 Giovanni
  203.5 203.9 0.4 0.89 147.0 213 Las Chispas Main
  214.0 214.9 0.9 1.03 151.0 228 Unnamed
LC17-35 106.5 108.6 2.1 3.40 329.7 585 Giovanni
Includes 107.4 108.0 0.6 10.85 890.0 1,703 Giovanni
  134.0 134.5 0.5 7.50 1,095.0 1,657 Giovanni

LC17-36

57.7 58.5 0.8 0.96 182.0 254 Las Chispas Main
LC17-37 176.4 177.6 1.2 1.60 203.0 323 Unnamed
  205.3 207.6 2.3 3.57 577.8 845 Giovanni
Includes 205.3 205.8 0.5 5.13 815.0 1,199 Giovanni
LC17-38 146.5 147.4 0.9 4.42 563.7 895 Giovanni
Includes 146.9 147.4 0.5 7.82 1,002.0 1,586 Giovanni

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.

GIOVANNI VEIN INTERCEPTS ONLY (COMPOSITED)

Hole
No.**
From
(m)
To
(m)
Est. True
Thickness
(m)
Au gpt Ag gpt AgEq*
gpt
LC16-05 167 172 4.6 4.56 621.5 963
LC16-06 66 67 0.7 14.90 1,815.0 2,932
LC16-07 144 145 0.7 1.73 164.0 293
LC16-08 171 182 7.2 2.41 311.5 492
LC16-11 108 110 1.6 1.32 152.6 251
LC16-17 81 82 1.0 2.27 306.0 476
LC16-18 80 81 1.0 1.55 706.0 822
LC16-19 167 168 1.1 1.07 143.0 223
LC16-20 131 132 1.0 0.05 306.0 309
LC17-29 299.6 301.9 2.3 0.70 125.1 177
LC17-34 155.2 157.3 2.1 1.76 215.5 347
LC17-35 106.5 108.6 2.1 3.40 329.7 585
LC17-35 134 134.5 0.5 7.50 1,095.0 1,657
LC17-37 205.3 207.6 2.3 3.57 577.8 845
LC17-38 146.5 147.4 0.9 4.42 563.7 895

Wt. Ave.

 

 

2.0 2.94 413.2 633

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Includes drill results reported on August 2, 2016 and September 14, 2016 that the Company previously assumed were intercepts for the Las Chispas Main Vein.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.

The following table summarizes the most significant drill assay results (uncut, undiluted) for the Babicanora Vein only; March 2, 2017

Hole No. From
(m)
To
(m)
Drilled
Thickness
(m)
Est. True
Thickness
(m)
Au gpt Ag gpt AgEq* gpt
UB17-01 33.5 40.9 7.4 4.5 1.30 343.0 440
 Includes 33.5 34.4 0.9 0.5 7.99 805.0 1,404 
Includes 39.9 40.9 1.0 0.6 0.62 1,230.0 1,277
UB17-01a 17.9 20.9 3.0 2.0 0.08 450.3 456
Includes 18.9 19.9 1.0 0.7 0.05 754.0 757
  20.9 28.1 7.2 4.8 0.05 41.5 45
UB17-03 23.0 29.9 6.9 2.8 3.29 447.2 694
includes  26.8 29.9 3.1 1.3 7.06 719.0 1,249
  29.9 150.1 120.2 49.0 0.07 17.6 23
Includes 29.9 68.2 38.3 15.5 0.06 32.8  38
UB17-04 9.1 15.6 6.5 5.0 3.91 182.5 476
includes 10.8 13.8 3.0 2.3 7.06 133.0 662
  15.6 50.5 34.9 27.0 0.09 23.4 30
UB17-05 7.7 14.5 6.8 6.1 4.84 383.0 746
includes 8.7 10.7 2.0 1.8 13.68 1,149.7 2,176
includes 10.0 10.7 0.7 0.6 4.63 2,560.0 2,907
  14.5 28.3 13.8 12.5 0.24 22.8 41

   Note: all numbers are rounded.
   *AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.

Phase 1 Drilling

The following table summarizes the most significant drill assay results (uncut, undiluted) for the Las Chispas vein only; September 14, 2016

Hole No. Location From (m) To (m) True
Thickness**
Au gpt Ag gpt AgEq
gpt *
LC-16-17 Las Chispas Vein 81.0 82.0 1.0 2.27 306.0 476.2
LC-16-18 Las Chispas Vein 80.0 81.0 1.0 1.55 706.0 822.2
LC-16-19 Las Chispas Vein 167.0 168.0 1.0 1.07 143.0 223.3
               
LC-16-18 Adjacent Footwall Vein*** 118.0 119.0 1.0 0.92 113.0 182.0
LC-16-19 Adjacent Footwall Vein 186.0 189.0 3.0 0.30 68.1 91.1

   Note: all numbers are rounded.
   *AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
   ** All holes were drilled at perpendicular angles to mineralization with no adjustments required.  Minimum sample width is 1.0 m.
   *** Intercept is for a new consistent vein in the footwall of Las Chispas Vein as previous drilled and defined.

The following table summarizes the most significant drill assay results (uncut) for the William Tell vein and the previously unidentified veins; September 7, 2016

William Tell Drill Hole Intercepts within Potentially High Grade Corridor > 150 gpt AgEq
Hole No. From (m) To (m) Drilled Thickness (m) Est. True Thickness (m)**  Au gpt Ag gpt AgEq* gpt 
LC16-03 172 176 4 1.5 2.03 683 835
includes 173 175 2 0.8 3.81 1,102 1,388
LC16-12 118 119 1 0.9 2.40 229 409
LC16-13 168 172 4 3.2 1.08 141 222
includes 168 169 1 0.8 3.58 249 517
Includes 171 172 1 0.8 0.23 249 266
LC16-15 197.5 199 1.5 1.3 1.94 352 497
New Identified Vein Intercepts adjacent to the William Tell Vein
LC16-13 180 181 1 0.8 4.79 364 723
LC16-16 93 94 1 0.9 6.57 395 888
William Tell Drill Hole Intercepts < 150 gpt AgEq
LC16-02 94 95 1 0.5 0.97 20 94
LC16-04 201 205 4 1.7 0.04 69 72
LC16-16 270 272 2 1.8 0.01 39 40

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
** All holes were drilled at angles to mineralization; true thickness is estimated based on geometry of the vein model.

The following table summarizes the most significant drill assay results (uncut, undiluted) for the Las Chispas vein only; August 2, 2016


Hole No.
From
(m)
To (m) Drilled
Thickness
(m)
Est. True
Thickness
(m)**
Au gpt Ag gpt AgEq* gpt
LC16-05 149.0 150.0 1.0 0.9 2.10          226.0          383.5
  167.0 172.0 5.0 4.6 4.56          621.5          963.2
includes 171.0 172.0 1.0 0.8 18.55      2,460.0      3,851.3
LC16-06 66.0 67.0 1.0 0.7 14.90      1,815.0      2,932.5
LC16-07 144.0 145.0 1.0 0.7 1.73          164.0          293.8
LC16-08 143.0 145.0 2.0 1.4 1.58          163.5          282.5
  171.0 182.0 11.0 7.2 2.41          311.5          492.5
includes 171.0 176.0 5.0 3.3 2.25          276.3          444.8
includes 181.0 182.0 1.0 0.7 14.40      1,900.0      2,980.0
LC16-11 95.0 96.0 1.0 0.9 1.32          198.0          297.0
  108.0 110.0 2.0 1.6 1.30          152.6          251.8

Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
** All holes were drilled at apparent angles to mineralization and adjusted for true thickness. Las Chispas Main Vein in bold. 
*** Drill hole grade intercepts range from 1.3 gpt Au and 152.6 gpt Ag to 18.55 gpt Au and 2,460 gpt Ag with a weighted average grade of 3.52 gpt Au and 454.8 gpt Ag.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.

Underground Channel Sampling

The following table summarizes the most significant channel sample results (uncut, undiluted) in the Las Chispas Vein only: October 26, 2017

Summary of Composites

Level** &
Composite
No.
Strike Length Ave. True
Thickness
(m)
Au
(gpt)
Ag
(gpt)
AgEq*
(gpt)
From
(m)
To
(m)
400-1 0.0 20.0 2.9 5.8 1,024 1,461
500-1 0.0 50.0 3.0 2.2 286 450
500-2 0.0 20.0 3.0 4.0 551 853
550-1 0.0 40.0 5.0 1.8 246 379
550-2 0.0 35.5 4.9 4.9 632 998

Select Channel Samples Included in Above Composites

Level** No.  Sample No. Ave. True
Thickness
(m)
Au
(gpt)
Ag
(gpt)
AgEq*
(gpt)
400 596106-596118 3.0 9.13 1,828 2,513
Includes 596117 0.3 33.30 8,340 10,837
400 596120-596133 3.0 3.74 488 769
Includes 596131 1.1 15.80 1,860 3,045
500 595787-595789
& 595922
2.6 9.27 1,242 1,937
Includes 595922 1.0 20.60 2,082 4,365
500 595963-595966 2.5 5.99 872 1,321
Includes 595964 0.6 15.90 2,390 3,583
550 595471, 595472,
595474, 595504-
595509
6.4 6.28 857 1,328
Includes 595509 0.8 31.70 4,390 6,768
550 595585-595587,
595542, 595544
3.8 8.05 847 1,451
Includes 595587 0.7 6.26 551 1,021
Includes 595542 0.8 28.00 2,930 5,030
550 585975, 595536-
595540
4.5 12.08 1,610 2,516
Includes 595540 0.5 36.90 4,790 7,558
550 585988-585992 3.0 3.74 502 783
Includes 585990 0.8 5.60 776 1,196
550 585979-585987 6.5 4.36 604 930
Includes 585985 0.8 11.45 1,435 2,294
Note: all numbers are rounded.
*AgEq based on 75 (Ag):1 (Au) and 100% metallurgical recovery.
**Level number is based on historical mine level in feet from surface collar of historic shaft.

The following table summarizes the 14 most significant un-composited assay results (uncut, undiluted) from the Las Chispas Vein 550 level:

Las Chispas
550 Level**
Sample Type
Sample
Width
(m)***
Au
(gpt)
Ag
(gpt)
AgEq*
(gpt)
Chip/Channel 1.0 4.48 698 1,034
Chip/Channel 1.5 1.83 264 401
Chip/Channel 0.8 3.77 543 826
Chip/Channel 0.9 0.76 310 367
Chip/Channel 0.9 1.69 269 396
Chip/Channel 0.7 1.82 278 415
Chip/Channel 0.6 1.72 334 463
Chip/Channel 0.6 13.35 1,720 2,721
Chip/Channel 0.9 8.73 1,255 1,910
Chip/Channel 0.8 11.45 1,435 2,294
Chip/Channel 1.1 7.75 1,215 1,796
Chip/Channel 1.0 4.39 582 911
Chip/Channel  0.8 5.60 776 1,196
Chip/Channel  0.5 3.62 503 775

   Note: all numbers are rounded.
   *AgEq based on 75 Ag : 1 Au and 100% metallurgical recovery.
   ** Level number is based on historical mine level in feet (not metres) from surface collar of historic shaft.
   *** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Ongoing and planned drilling may suggest wider mineralized zones.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.

El Sheik Historic workings Varela Main Vein only


Mineralized Area
Sample
Type
Width**
(m)
Au
(gpt)
Ag
(gpt)
AgEq*
(gpt)
Level 1 Chip/Channel 0.63 7.14 129.0 664.5
Level 2 shaft Chip/Channel 0.32 12.45 499.0 1,432.7
Level 3 Chip/Channel 0.42 9.20 94.2 784.2
Level 4 Chip/Channel 0.30 9.58 211.0 929.5
Level 4 Chip/Channel 0.36 8.88 203.0 869.0
Level 4 Chip/Channel 1.60 8.56 307.2 949.4
Including Chip/Channel 0.30 40.90 610.0 3,677.5
Level 4 North Vein Chip/Channel 0.97 4.64 1,074.1 1,422.3
Including Chip/Channel 0.64 0.23 1,450.0 1,467.3
Including Chip/Channel 0.33 13.20 345.0 1,335.0
Level 4 North Vein Chip/Channel 0.46 9.15 274.0 960.2
Level 4 North Vein Chip/Channel 1.31 8.62 556.7 1,203.4
including Chip/Channel 0.89 9.45 692.0 1,400.7
including Chip/Channel 0.42 6.87 270.0 785.2
Level 4 North Vein Chip/Channel 0.37 20.80 929.0 2,489.0
Level 4 North Vein Chip/Channel 0.36 8.78 135.0 793.5
Level 4 North Vein Chip/Channel 0.29 3.81 699.0 984.7
Level 4 North Vein Chip/Channel 0.54 6.11 398.0 856.3
Level 4 North Vein Chip/Channel 0.61 18.25 947.0 2,315.8
Level 4 North Vein Chip/Channel 1.27 5.81 235.9 671.9
including Chip/Channel 0.46 15.00 419.0 1,544.0
Level 4 South Vein Chip/Channel 0.38 17.65 359.0 1,682.7
Level 4 South Vein Chip/Channel 0.97 4.64 1,074.1 1,422.3

Note: all numbers are rounded.
*AgEq based on 75(Ag):1(Au) and 100% metallurgical recovery.
** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Drilling may suggest wider mineralized zones.

William Tell Vein

William Tell 450 & 650 Level Channel Sampling >500gpt AgEq
Mineralized Area Sample
Type
Width*** (m) Au (gpt) Ag (gpt) AgEq* (gpt)
William Tell South 650 level Channel 0.94 1.78 477 610
Channel 0.68 7.41 1,109 1,664
Includes 0.37 13.40 1,560 2,565
Includes 0.31 0.26 571 590
Channel 0.98 1.20 969 1,059
Channel 0.93 10.85 1,895 2,708
Channel 1.12 9.47 1,910 2,620
Channel 0.55 4.27 686 1,006
Channel 0.55 32.50 1,665 4,102
Channel 0.33 23.60 2,730 4,500
Channel 2.25 1.93 672 816
Includes 0.20 16.65 1,570 2,818
Includes 1.10 0.75 1,000 1,056
Channel 0.40 8.64 576 1,224
Channel 1.30 5.13 307 692
Includes 0.30 17.45 1,100 2,409
William Tell North 450 Level Channel 1.50 0.16 2,170 2,182
Channel 4.20 14.15 225 1,286
Channel 3.00 6.62 88 584
Channel 2.00 14.25 293 1,362
Note: all numbers are rounded.
*AgEq based on 75(Ag):1(Au) and 100% metallurgical recovery.
** Level number is based on historical mine level in feet (not metres) from surface collar of historic shaft.
*** The underground sample width of mineralization may not be indicative of the true width of mineralization. Sampling widths are constrained by access to open faces. Ongoing and planned drilling may suggest wider mineralized zones.

All assays were completed by ALS Chemex in Hermosillo, Mexico, and North Vancouver, BC.

Las Chispas Vein

Mineralized
Area
Sample
Type
Width***
(m)
Au (gpt) Ag (gpt) AgEq* (gpt)
300 Level ** Channel 0.6 7.99 867.0 1,466.3
  Channel 0.4 6.50 1,080.0 1,567.5
  Channel 0.3 11.25 1,140.0 1,983.8
  Channel 2.2 1.09 1,260.0 1,341.8
  Channel 2.2 0.05 1,340.0 1,343.8
  Channel 1.1 2.93 1,270.0 1,489.8
  Channel 0.7 3.71 780.0 1,058.3
  Channel 0.5 5.85 874.0 1,312.8
  Channel 1.0 6.52 797.0 1,286.0

Email Sign Up