06 Jan Kuya Silver unveils maiden mineral resource for Bethania Silver Project in Peru
Canadian exploration firm Kuya Silver has announced its first ever mineral resource estimate for the Bethania Silver Project in Southern Peru.
The resource estimate is taken from 18 different veins all located within the historic mine area, where the firm conducted a 5,000 metres diamond drilling programme last year.
Indicated resources are estimated to be 5,858,521 silver equivalent (Ag eq) ounces at an average grade of 451 g/t Ag eq contained in 404,000 tonnes, while inferred resources are 8,006,431 ounces Ag eq at an average grade of 356 g/t Ag eq for 700,000 tonnes.
The Canadian Securities Exchange (CSE)-listed company noted that silver represents 74% of the gross metal value in the indicated resource and 70% of the gross metal value in the inferred resource.
“We are very excited to have our first ever mineral resource estimate which has exceeded our expectations for the initial Phase One drilling programme,” said Kuya president and CEO David Stein.
“The quality of our understanding of the Bethania resource potential has increased considerably as we have now identified numerous other veins and their spatial relationship to one another,” he continued. “This understanding will be hugely important as we continue to explore these veins at depth and along strike towards the Northeast.”