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Fabled Silver Gold Corp. announced updates from its 9,200-meter diamond drilling program on the Santa Maria Property in Mexico. Drill hole SM20-16 reported a broad 10.5-meter intercept grading 51.07 g/t Ag eq, while SM20-17 showed a 27.5-meter intercept grading 30.14 g/t Ag eq. Notably, the previously reported hole SM20-15 intercepted an exceptional 2,269.26 g/t silver. The results indicate a potential westerly plunge of high-grade mineralization, enhancing the understanding of structural components. Ongoing drilling continues to explore additional targets.
Fabled Silver Gold Corp. (OTCQB:FBSGF) announced plans for a spin-out of its Muskwa copper project through a statutory arrangement, distributing shares of its subsidiary, Fabled Copper Corp., to its shareholders. The spin-out includes a private placement to raise up to $6 million via Conventional and Flow-Through Subscription Receipts. Each Conventional Unit Subscription Receipt costs $0.05 and grants shares and warrants, while Flow-Through Subscription Receipts cost $0.06. The process requires regulatory approval and aims to provide funds for exploration and working capital.
Fabled Silver Gold Corp. reported significant progress in its 9,200-meter drill program at the Santa Maria Property in Mexico. The drilling revealed three new silver and zinc-bearing structures and remarkable assay results, including 2,269.26 g/t silver from hole SM20-15. This reflects a strong potential for economically viable mineralization, with additional enhancements from lead and gold credits. The discovery of the North Vein Structure, extending over 30 meters, further supports positive exploration metrics. Ongoing drilling continues to target new mineralization.
Fabled Silver Gold Corp. (TSXV:FCO; OTCQB:FBSGF) has announced a spinout of its copper assets from the Muskwa Project into a new entity, Fabled Copper Corp. Shareholders will receive one Copper share for every five Silver shares held. This move aims to enhance shareholder value by allowing for independent valuation of the copper assets. The transaction is subject to shareholder approval, court sanction, and TSX Venture Exchange approval, alongside a planned private placement to raise up to $6 million. The focus will remain on the Santa Maria silver property in Mexico.
Fabled Silver Gold Corp. announces updates on its 9,200-meter drilling program at the Santa Maria Property in Mexico. Notable findings from drill hole SM20-08B include a silver grade of 75.9 g/t over 1.5 meters, with elevated zinc levels detected. Drill hole SM20-10 revealed tectonic faulting with low silver but notable zinc values. New structure discoveries and positive mineralization trends are reported, particularly in drill hole SM20-11, where 26.9 meters of mineralization were identified. The company is advancing its drilling strategy with additional holes planned.
Fabled Silver Gold Corp. has announced an expansion of its ongoing drill program at the Santa Maria property in Parral, Mexico, increasing it from 8,000 meters to a minimum of 9,200 meters. The additional 1,200 meters will be drilled by Maza Drilling, focusing on delineating the Santa Maria Central Structure. To date, approximately 3,000 meters have been completed with several holes already sampled and submitted for analysis. This strategic move aims to enhance the confidence level of various resource categories and improve the understanding of the mineralized bodies.
Fabled Silver Gold Corp. (TSXV:FCO)(OTCQB:FBSGF) has provided an update on its ongoing 8,000 meter drill program at the Santa Maria Property in Parral, Mexico. Drill hole SM20-08B reached 234 meters, encountering a significant interval grading 75.9 g/t silver over 1.1 meters. The company plans further exploration of the site, with drill holes SM20-12 and SM20-13 designed to test new targets. Fabled has completed approximately 2,600 meters of drilling to date and is well-funded to continue its exploration efforts.
Fabled Silver Gold Corp. has announced an amended option agreement for its copper properties, Neil and Toro, in British Columbia. The new agreement gives Fabled the right to acquire additional claims covering 3,842 hectares, now termed the Muskwa Property. Fabled is required to make cash payments totaling $4.45 million over four years, with no advance royalty payments due. This expands the company's control over copper occurrences in the Muskwa district, enhancing its strategic position as copper prices rise. Fabled aims to maximize shareholder value through exploration and strategic planning.
Fabled Silver Gold Corp. has reported significant updates on its ongoing 8,000-meter drill program at the Santa Maria Property in Mexico. The company has drilled holes SM20-07 to SM20-11, discovering previously unseen geological structures that include semi-massive marcasite in hornfels. Key intervals from SM20-07 revealed a 19.90-meter intersection and a second 78-meter interval showcasing strong alteration. The drilling continues to show promise with new strategies to explore the property, boasting a total of approximately 2,600 meters completed thus far. Sampling for further analysis is underway.