Argenta Silver Hits 1,600 g/t Silver as El Quevar Continues to Expand

0:16Mining Stock Daily: All right, everybody, welcome back into Mining Stock Daily, stepping into the silver exploration sector here with Argenta Silver. hasn't been too long since we heard from Joaquin Maria, CEO of the company. First interview since our time there at Beaver Creek. Argenta Silver does trade on the Venture Exchange with AGAG and on the OTCQX with AGAGF. The company has published new drill results coming out of the El Quivar project, including some gold and copper mineralized zones. That's been kind of anticipated if you've been following our previous discussions. But Joaquin, it's good to have you back on.

0:56Mining Stock Daily: Are you fully recovered from your trips to Colorado? Wow, that was a roller coaster there. We had so many meetings, Trevor. You couldn't imagine. I dare to say that probably close to 70 meetings in Beaver Creek and Denver. So it's been a fantastic conference for us. Now it's starting conference season again. And as you can see, we have great news out in the market again. Again, we are starting to receive all those assays that we were waiting for so long from the laboratory. There was a huge lag on the lab, and we are getting all these assays back. So you will start to see a lot of news coming out from us.

1:35Mining Stock Daily: Well, very good. That means you and I get to chat a lot more often, more frequently, I might say. But let's just chat into this week's drill releases, I guess you could say. And I do want to start out with almost 1 ,600 grams per ton silver over four meters. That comes from the resource expansion. Give us a kind of a sense of where this drill result was kind of positioned and what does it do to really expand the resource? Well, as you know and probably the audience already know because we have been discussing this a lot, we are drilling with two rigs, one on each one of the open ends of the deposit.

2:19So if people recall the deposit it's an elongated deposit, a single deposit with this pure silver resource of 45 million ounces of silver on the indicated category and four million ounces more on the inferior category. What we want to do here is we want to add a lot of infer so we can keep the indicated and then we can transfer those infer into indicated in the future by the risk in this. But first thing first, and this is what we are talking today here, is that we are drilling with two rigs on both extremes of the deposit, which still open. And these results that we put here with the 1 ,600 grams per ton of silver, which sometimes it sounds a little bit crazy when you read this in kilograms, but it's over one and a half kilogram of silver per ton.

3:10And the intercepts that include 2.7 kilograms per ton of silver. These ones correspond to this expansion drilling that we are doing, and we are starting to see more consistent grades and higher grades than in other areas of the deposit. So let's remember that this is a brecha. In some cases, we will be drilling places that are going to be fully mineralized, like in 40 meters. And in some cases, we will drill just the borders of this thing. But again, we are starting to define what is the shape of this. And the important thing is that it continues, that all these are ounces of silver that we are adding in both ends.

3:53and we need to remember Trevor as well that the metallurgical response of this so far has been amazing I think that on the last one that we did we were discussing the metallurgical results and how we got recoveries of up to 99 % on the ruffers with no optimization, no blending or anything like that the metallurgical firm is still working on these things to optimize them and we will start having some final results and probably in the coming 45 days. So very excited about this because every time that we step out on the silver deposit, we're still finding more and more and more and it's still open on both ends, on the shallow zone and on the deeper zone.

4:39So very excited.

4:41Mining Stock Daily: That headline hole was hole 475. It was drilled pretty far to the northwest of that resource area here, Joaquin. And is there anything pending or plans to drill even further northwest to really extend it in that direction? Anything that would be stopping you? Well, I think that there is nothing stopping us. Even if we drill some drill holes with no silver there, we need to keep drilling on that direction. This is proving that it continues towards that area. And this is the deeper zone. But as I told you and the readers of the news release will notice that there are plenty of drill holes on the other side of the deposit, like on the southeastern portion.

5:33Those are also shallow holes and that it's very close to surface. So, again, it keeps going and we are very excited of what we are starting to see on these drill holes because it's not minor grates. You know, these grates are fairly consistent. And again, even if we drill drill holes that come out with no silver, that means nothing to us. We need to keep drilling that area. When you explore, you will have great hits and you will have bad hits. And you need to keep going. For us so far, everything has been really, really good here. And I'm very happy with these results. I mean, it's a far step out.

6:15and we are starting to put more and more drilling in that area because, again, we want to include all this tonnage into the updated mineral resource that we will be putting out by March 2027, right?

6:30Mining Stock Daily: Mm-hmm. All right. So the other notable drill result came from the other side of the deposit, actually in the Carmen area, hole 465. And this was the copper hit that was highlighted in the news release. Hole 465 had 46 meters of 0.45 grams per ton gold and 0.19 % copper here. And it's getting pretty close to that original resource footprint there at the main deposit here, Joaquin. Tell me, walk us through, obviously, you know, nothing to hang the hat on here as far as copper grades here. But I'm just kind of curious if you're starting to understand the mineralized controls from the main Yatsuki footprint as it goes into Carmen.

7:19Mining Stock Daily: Any sort of data, better understanding you're picking up here? Well, for this, I would strongly suggest the people that are listening to us to go and look at the news release and look at figure two on the last news release that we put out. because there is a cross section that is showing perfectly where you're pointing out. So we have the silver that it's very close to surface, and that's still the Jacques Ché deposit. It's still the pure silver play. And a little bit deeper and transitioning into the ground, you can see how the silver transitions into a gold-copper system. And this transition, it's very quick.

8:03It's not a lengthy transition that you will see this along kilometers. It's just in a couple of meters, it goes from pure silver into a pure gold-copper setting. And this means that this is a system that somehow it's evolving from gold-copper depth into the silver, which is on the upper portion there in between Carmen and Jacques Che. and the drilling that you're referring, which is QVD 465, it's coming on the very upper portions with a little bit of silver, but as soon as you get below, you hit this system of gold and copper and it came with serious grades. I mean, 46 meters with 0.45 grams per ton of gold.

8:55You know, it's starting to get us excited because this could be also pulled tonnage and that grade of gold. And when you go a little bit deeper to the north, let's say, so it has a plunge into the page. Again, please refer to the image in the news release. But you will see that the grades start to become more consistent and larger intercepts. We have a drill hole 425 there with 44 meters with 0.57 grams per ton of gold and 0.58 % of copper. And deeper down we have drill hole QBD 427A, which has 23, almost 23 meters of 0.29 grams per ton of gold. But it comes also with some copper intercepts in there.

9:52So nobody has drilled deeper than 370 or 400 meters here, Trevor, and we need to keep going on that direction. Again, still open at depth. What we have been doing is actually we've been closing gaps in between all these copper and gold hits to understand if this is fairly contiguous. And we still have the evidences that it is contiguous, that it is coherent. And this is very motivating for us. It's telling us, hey, guys, you need to drill deeper.

10:24Mining Stock Daily: Very good. Have you been able to define what type of mineralization this copper area is, like, what you're kind of looking at? For all the geologists out there, what kind of good style of mineralization? To get a little technical, if that's what we are looking for. Yeah, yeah. We are starting to see some calcopyrite. We are starting to see some sulfites, pretty much. This is not oxidized. This is primary mineralization. And we are starting to see a lot of calcupyriate. We are starting to see some other sulfites that are related to these kind of systems. And the interesting thing is that we believe that gold might be somehow related to some of these other sulfites, but pretty much in some cases related to the calcopyrite as well.

11:16So you can see that when there is copper, the grade of gold goes a little bit up, and that's a direct relation so far. The other interesting thing to point out, Trevor, which is very, very encouraging for us, is that the intercepts that are closer to the silver, closer to Jack Shea, So those are the drill hole 465 that we just disclosed and some other drill holes that are upper. Those are pretty much coming with gold and not much copper. But as soon as you go deeper, as soon as you drill deeper, the gold starts to come with copper. And this is what I'm telling you. It's a system that is transitioning from copper, gold into gold, and then upper to silver.

12:08and this transition is encouraging us because it's the typical transition of systems in between porphyry and epithermals. I'm not confirming and I'm not affirming that there is a porphyry down there. What I'm pointing out is that this is telling us, guys, drill deeper because there might be a surprise down there and that's what we want to do. We want to go just deeper to find out what's down there.

12:36Mining Stock Daily: So you mentioned the transition from the Yatsuchi silver deposit into Carmen, which is a little bit more base metals. Interesting, I guess you can say. Are we seeing the southeastern extents of the silver as it transitioned? Are you starting to understand the limits there? No, because one thing is below the other. And this is very important to point out. The silver shallow component of Jack Che, it's still extending close to surface, while this gold copper finger is plunging into the ground below the silver. So we haven't actually found what are the shallow limits of the silver system, because it continues, right?

13:37So what I would like people to think of, it's two cylinders, right? One is above the other, and they are perpendicular one to the other. So one is the silver, which is closer to surface. That's the one that is laying right below surface. and the one that is perpendicular below that cylinder pointing into the ground, that's the gold-copper system, which is now going under Carmen, and who knows how further it goes. Probably this target, it's not only just Carmen. It keeps going below the other targets, as it is now below the Jaxche deposit as well. Very good.

14:30Mining Stock Daily: All right. Well, a lot of drill results kind of on the horizon here now that things are opening up with the lab. Obviously, Joaquin, we'll be touching base a lot of how this unfolds and continues to tell the story of the larger Alquivar project here. I do want to follow up with you. It's something I neglected to ask you a couple weeks ago in Beaver Creek. But earlier this summer, you did mention to us about considering adding a third rig later this year. Did that ever happen? And how does that kind of fit into that end of Q1, early Q2 resource update? So there is a thing with this, and it's very important why you're asking me.

15:15We need to add ounces to update the resource. Our target here is to bring as much value as we can with the silver resource and to speed up things so we can fast track this into production. Who knows, maybe in two years from now or something like that. So regarding that is that we put both of the rigs that we had in place to drill both extremes of the deposit. And yes, we are bringing another one to start drilling some other targets. And the high priority one that we have, it's money. Because on money, we have all this high grade silver on surface. We are talking of samples that reach up to the detection limit of the lab of 20 kilograms per ton of silver.

16:07So we will be drilling money with the other rig. and we are testing their initial drill holes to understand what is the depth of that silver cap that we have right there on surface. Remember that these are outcrop rock chip samples and this is fantastic because it's material of high grade that it's laying on surface that we could be mining very easily with no very much cost, and we need to understand what is the 3D component of that. And that place, the money target, is where we have this third rig drilling and testing that area now. So it's so far three rigs spinning there, and we will keep expanding the program now that the submarine is starting on the southern hemisphere.

17:00Mining Stock Daily: Very good. Okay, Joaquin, we are speaking here. It's Wednesday morning. And I got to ask, outside of the exploration work with the company, outside the mining industry, are the streets of Argentina still just drenched with the tears of Messi's departure from international football last night? Oh, man, it's terrible. We are very sorry. And, you know, I have to tell you that nobody expected that the game was going to be with a country like Benin. To be honest with you, most Argents, I probably didn't even know that there was a country that was called Benin. But it's been great to watch all his career, you know.

17:45He's the same age as I am. and just watch such a player converting himself on a leader and giving the example, you know, a guy that never falls into drugs, a guy that never falls into alcohol, a guy that always leads by example. And I think that that's very important as well for our industry. We need to find out those guys that lead by example. And Lionel Messi was one of them in sports. And I think that that's very encouraging to see young guys like the age that I am leading the way for other generations. So yeah, lots of tears, but a lot of learning from this guy. That's right.

18:24Mining Stock Daily: All right. Well, an incredible career. So it's just been one. The highlight reel is extensive, let's just say. Maybe the highlight reel from your career will also be extensive walking. We'll see. Time to tell. You're still young. I'm still young. I'm still young. All right. There's much more to do. This is just starting. Just starting. Just starting. All right, everybody. That's your update from Argenta Silver, trading on the venture with AGAG and on the OTCQX with AGAGF. They are a partner of Mining Stock Daily. We got some more coming your way, so stay tuned. Thanks, Joaquin. Have yourself a great rest of your day.

19:01You too. Take care.

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