Golden Tag Resources reveals high-grade silver results from its San Diego project in Mexico

Golden Tag Resources Ltd (CVE:GOG) (OTCQB:GTAGF) announced drill results from its 100% owned San Diego project in Durango, Mexico, which included 286.02 grams per tonne (g/t) silver equivalent (80.5 g/t silver and 0.3 g/t gold) over 18.43 metres (m). The company said the results, in conjunction with assays from previous drilling, have identified the existence of potential shoots of skarn mineralization beginning about 265 m above the Fernandez Zone, which could connect or be parallel to the western edge of Fernandez. "We are pleased by the results from holes 21-54 and 21-55 because they demonstrate that potential shoots of skarn mineralization extend up towards the surface from the Fernandez Zone.” Golden Tag Resources CEO Greg McKenzie said in a statement. READ: Golden Tag Resources is on track to develop one of Mexico’s biggest silver resources “Reviewing these results and our overall model with Orix Geoscience has the company encouraged that this geologic discovery could potentially be repeated in other areas over the Fernandez Zone,” McKenzie added. “Particularly prospective is the eastern side of Fernandez, and the mineralization associated within the Montanez Zone.” Golden Tag noted that a total of 4,510 m of diamond drilling has been completed in eight holes with more than 3,800 samples having been submitted to the lab for analysis. It added that Holes 21-56A and 21-57 have been logged and samples have been sent in for analysis with assay results pending. The San Diego project consists of four mining concessions encompassing 91.65 hectares in Mexico’s Velardeña Mining District. The Velardeña District hosts several mines that have been producing silver, zinc, lead and gold for the past 100 years. The Toronto-based company considers San Diego to be one of Mexico’s largest undeveloped silver assets, with an estimated indicated resource of 31.6 million silver ounces at an average grade of 60 g/t and 438 million pounds of zinc, along with an inferred silver resource of 83.8 million ounces at 62 g/t and 1.2 billion pounds of zinc. The resource estimate, completed in 2013, is based on 59 holes totalling 33,000m. Contact Sean at sean@proactiveinvestors.com