BAROYECA GOLD & SILVER
INC.
Suite 1008 - 409 Granville Street
Vancouver, BC V6C 1T2
Telephone (604) 689-5002 Email: info@baroyeca.com
Website : www.baroyeca.com
Chip samples return values up to 311 g/t Ag
and 19.2 g/t Au
TSX-V: BGS
VANCOUVER, BC, Aug. 30, 2021 /CNW/ - BAROYECA GOLD &
SILVER INC. (the "Company") is pleased to announce additional
assay results from chip samples at new vein discoveries following
the Veta Grande vein system west of the Santa Agueda creek/fault
zone at the Company's flagship Atocha project in Tolima,
Colombia. In total, the Veta
Grande vein system has been traced for over 2km of strike length
and remains open at both ends within the property boundaries.
Raul Sanabria, P.Geo., President
of Baroyeca commented: "The continuous discoveries of vein
exposures is evidence that our robust geological model works and
that we have a clear understanding of the structures controlling
the silver and gold veins. Our geological team is systematically
mapping sectors of our district-scale property which is translating
into the discovery of numerous showings and veins, more than we
initially thought likely, and yet we believe we are still only
scratching the surface of the property. This part of our
exploration program will allow us to refine our plans for drilling
as we carefully map and select our best exploration targets rather
than going out prospecting with a drill."
Baroyeca's surface mapping and prospecting program at Atocha
continues to make new vein discoveries which show vein widths in
outcrop from 35cm to >45cm. Chip samples collected at surface
from outcropping vein exposures returned grades of up to 311 g/t
Ag and 19.2 g/t Au (See Table 1). The highest silver and
gold assay results were from a series of parallel vein exposures
and outcrops discovered following the inferred trace of the known
Veta Grande vein corridor, on the western side of the Santa Agueda
Creek, interpreted as a fault with vertical offset and southwest
directed displacement.
The vein system strikes northeasterly as the dominant direction
of veins and has joined previously known vein outcrops west of the
newly discovered area where they seem to be in trend with the Veta
Grande (East sector) vein system that has returned the highest
silver values on the property to date. The Veta Grande vein system
has now been traced in sub-continuous outcrops over a strike length
in excess of 2,000m, and it remains
open to both the northeast and southwest (See Fig. 1).
Figure 1. Veta Grande vein system (west sector) AgEq (g/t)
values over outcrop/sub-outcrop and inferred trace of veins. (AqEq
converted using a silver to gold ratio of 75:1 at recoveries of
100%)
Table 1. Rock Chip Samples
from new discovery at Veta Grande (West sector) vein
corridor.
|
Sample
|
Au
g/t
|
Ag
g/t
|
|
52678
|
3.202
|
30.4
|
|
52679
|
9.513
|
16.2
|
|
52684
|
5.761
|
57.2
|
|
433417
|
4.24
|
49.60
|
|
433418
|
19.20
|
147.80
|
|
433419
|
0.95
|
132.00
|
|
433421
|
1.57
|
96.70
|
|
433423
|
0.96
|
125.40
|
|
433424
|
3.30
|
148.30
|
|
433429
|
0.66
|
212.50
|
|
434220
|
1.981
|
111.3
|
|
434224
|
4.26
|
311.1
|
2021 Field Program update
Baroyeca's field team is now focused on delineation of the
Tavera-Rancho Viejo vein system, coincident with a large
deformation corridor, and will soon move to Veta Grande (East
sector) while it works to receive permits from landowners to access
other priority zones of the property.
2021 Diamond Drilling Program
Baroyeca has applied for drilling permits for the 2021 drilling
program, which will seek to expand and better define both the La Ye
and Veta Grande zones while target development progresses in the
Tavera-Rancho Viejo area. Drill holes will include step-outs to
define the potential high-grade shoots.
QA/QC
Rock samples are shipped by transport truck in sealed woven
plastic bags to SGS sample preparation facility in Medellin, Colombia for sample preparation and
from there by air to SGS facility in Lima (Peru)
for analysis. SGS operate according to the guidelines set out
in ISO/IEC Guide 25. Gold is determined by fire-assay fusion of a
50 g sub-sample with atomic absorption spectroscopy (AAS). Samples
that return values >10 ppm gold from fire assay and AAS are
determined by using fire assay and a gravimetric finish. Silver is
analyzed by inductively-coupled plasma (ICP) atomic emission
spectroscopy, following multi-acid digestion. Silver is
determined by ore grade assay for samples that return >500
ppm.
About Baroyeca Gold & Silver Inc.
Baroyeca Gold & Silver Inc. is a mineral exploration company
focused on high-grade silver and gold projects located in
Colombia. Baroyeca's flagship
asset is the high-grade Atocha Silver-Gold Project located in
Tolima Department, Colombia. The
Company also holds an option to acquire a 100% interest in the
Santa Barbara Property, Bolivar Department, Colombia, which is renowned for its high-grade
gold mineralization and vein density. Current exploration
activities on the Santa Barbara Property involve the bulk sampling
of vein structures, which material then feeds into a trial
production facility which has consistently been producing gold for
over a year. The revenue from the sale of produced gold defrays
part of the operating costs. The Company is planning to expand
these activities.
The Company's Board and senior management are committed to
creating shareholder value through the discovery process, careful
allocation of capital, and environmentally and socially responsible
mineral exploration.
Qualified Person
Raul Sanabria, M.Sc., P.Geo.,
President of Baroyeca Gold & Silver Inc. and a qualified person
("QP") as defined by Canadian National Instrument 43-101, has
reviewed and approved the technical information contained in this
release.
BAROYECA GOLD & SILVER INC.
Per: "Raul
Sanabria"
Raul Sanabria, President
Neither the TSX Venture Exchange nor its Regulation Services
Provider accepts responsibility for the adequacy or the accuracy of
this release.
SOURCE Baroyeca Gold & Silver Inc.