Highlights
SNX Executive Chairman Peter Moore said “We were encouraged by the strong support for our recent $2.6 million share placement and proceeds from this will allow the company to accelerate our exploration program at Blackhawk as we look to uncover its potential to be a significant silver discovery. We have several activities planned to ensure our drill targets are well defined ahead of mobilising a rig to site in Q3 2024 to follow up these exciting earlier silver results.”
SNX has identified a large and high-grade intermediate sulphidation polymetallic epithermal Ag-Au-Pb-Zn vein system at Blackhawk, which is related to a large porphyry system. Partially coincident with, and located north of the Blackhawk Porphyry system, the vein field covers about 5km2 and is open under cover to the north and northeast, with 22.5-line km of veins identified to date (see figures 1 & 2).
SNX’s geological team will initiate a field program to complete geological mapping, soil geochemistry surveys and rock chip sampling on mapped vein target areas, to further refine drill targets in preparation for drilling. A program of seven reverse circulation (RC) holes is planned for 1500m in the third quarter of 2024 to follow up the result of 1,270 g/t Ag hit in BHD006 drilled in 2017.
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