NIA's #1 favorite silver stock for the upcoming weeks/months is Zacatecas Silver Corp (TSXV: ZAC), currently trading for only $0.21 per share.
ZAC released huge news this morning that it is applying for drill permits to test for high-grade silver on its Zacatecas Property.
ZAC's Zacatecas Property includes the El Cristo vein system, which is the NW strike extension of the prolific and well-known Veta Grande vein system, which has reported, but unverified, historical production of 200 million oz silver equivalent. The El Cristo vein system has a strike length of over 3 km on ZAC’s property and comprises multiple veins formed within a dilation jog that is up to 650 m wide.
Previously, ZAC targeted near surface depth extension of relatively small areas of the very extensive EL Cristo vein system. The program consisted of 28 scout drill holes designed to test the near surface depth extension of select veins over at least 2 km of strike extension. Silver-base metal mineralization was intercepted in 22 out of 28 drilled holes — consistent with the veins being the strike NW extension of the Veta Grande system.
ZAC expects to discover much higher silver grades at depth. For example, hole CRI-2022-022 intercepted 0.65 m of quartz sulphide vein which assayed 829 g/t silver equivalent (565 g/t silver, 1.2 g/t gold, 2.7 % zinc and 1.3% lead) from 55.15 meters in hole.
ZAC is applying for drill pad permits in order to test the deeper parts of the veins beneath the current level of oxidation. Grade appears to be increasing at depth and these targets are believed to represent low risk high reward targets. The EL Cristo vein system is open in all directions and is a very large and significant exploration target. Drill permitting is expected to take between 6 to 8 weeks.
NIA will be publishing full details about ZAC later today and over the coming days!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from ZAC of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.
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