Welcome!

Eclipse Authors: Pat Romanski, Elizabeth White, Liz McMillan, David H Deans, JP Morgenthal

Related Topics: Eclipse

Eclipse: Article

Drilling on Silver Eagle's Calvario Vein Confirms Continuity at Depth

Drilling on Silver Eagle's Calvario Vein Confirms Continuity at Depth

TORONTO, ONTARIO -- (MARKET WIRE) -- 03/30/07 -- Silver Eagle Mines Inc. ("Silver Eagle") (TSX: SEG) is pleased to provide an update on ongoing exploration activities being conducted at its 100% owned Miguel Auza Property in Zacatecas, Mexico. Recently received assay data is presented from 39 previously unannounced surface drill holes (see table below), within an area of approximately 2 square kilometres and including the four principal zones outlined to date: Calvario, North, East, and Mill zones.

To view MapA click the link below:

http://www.silvereaglemines.com/prmaps/2007_03_30mpA.pdf

Calvario Vein System

Ongoing drilling activities on the Calvario Vein continue to confirm that the drilled sections of the Vein extend to depth. Drill holes 2007-111, 113, and 117 all suggest that grade and widths are continuing and increasing with depth in the area between the Martinez #1 and Compromiso shafts. Drill hole 2007-113, the deepest hole to date, intercepted the vein 300 metres below surface with an intercept having an estimated true width of 3.7m and grade of 279 g/t Ag Eq(1).

In-fill drilling on the Calvario Vein continues. In-fill drill holes 2007-116 and 117 in the area of the Compromiso Shaft returned grades and widths higher than expected based on previous results from adjacent drill holes. Assays of 1,315 g/t Ag Eq1 over 2.2 metres estimated true width in drill hole 2006-117 (including 1,835 g/t Ag Eq1 over 1.5 metres true width) represents one of the highest grade intercepts from the Calvario Vein to date.

Further drilling is underway to test the Calvario Vein down to 300 metres below surface between the Martinez #1 and Calvario shafts, a strike distance of 600 metres.

To view MapB click the link below:

http://www.silvereaglemines.com/prmaps/2007_03_30mpB.pdf

North Zone

The North Zone veins, located several hundred metres north of the Calvario vein system, were the subject of exploitation at various times over several hundred years prior to 1900. Although generally less than one metre in width, the ratio of silver to base metals in these veins is greater than in the Calvario Vein, with many yielding grades of several kilograms per tonne of silver together with some gold. In spite of numerous significant intercepts encountered in drill holes in this area, the North Zone veins have proven difficult to correlate from one hole to the next, necessitating closer spaced drilling to better understand the vein structure. As a result, drilling in the North Zone will continue later in 2007, after a thorough analysis of the information obtained to date.

East Zone

The recently discovered East Zone is, in effect, an eastern extension of the North Zone, interpreted to be fault-offset along the epithermal quartz vein. As in the North Zone, the ratio of Ag to base metals in the East Zone veins is greater than in the Calvario Vein, with Ag accounting for 70-90% of total metal values. East Zone veins tend to be wider on average (up to 15.25 metre core length) than those in the North Zone, have no previous documented mining history, and are open to extension both to depth and along strike. The best intercept, drill hole 2006-84, was previously reported in a press release dated October 22, 2006, which reported 9.75 metres (core length) grading 901 g/t Ag Eq1. Further assays received from this hole have extended the intercept to 15.25 metres (core width), averaging 757 g/t Ag Eq(1). The complete intercept, reported here, appears to represent a hybrid-type vein, with high silver content, typical of East Zone veins, but located along the fault-offset strike extension of the Calvario Vein, seemingly at the intersection of the two systems.

Drilling is ongoing to delineate and extend the vein encountered in drill hole 2006-84.

Mill Zone

The Mill Zone comprises at least five major veins that have been previously worked near-surface at various times over the past few centuries. The veins trend northeasterly and appear to converge in an area designated as the North Mill Zone, where base metal mineralization occurs on fractures and in numerous narrow veins in thermally-altered siltstones. This thermally-altered area measures approximately 200 x 400 metres in surface extent. The possibility of fracture stockwork-type mineralization was first noted in drill hole 2006-52, previously reported in a press release dated August 14, 2006. This drill hole, results for which are repeated in the attached table, returned eight intercepts within a core length of 138 metres. This drill hole was followed up by several recent drill holes, which are presented in the attached table. Partial results for the first of which, drill hole 2006-108, collared 440 metres NW of hole 2006-52, returned numerous intercepts within a core length of 216 metres. Assay results to date, indicate that zinc is the principal contained metal, with silver accounting for about 20% of total metal values. Although of lower grade, the presence of multiple intercepts within relatively long core lengths make this area an attractive target for follow up. Additional assays are pending.

VP Exploration Chris Hodgson said "Our most recent assay results are very encouraging, particularly at depth on the Calvario Vein. The mineralization, grades, and widths found at depth are similar to those at other regional mining camps in central Mexico, where mineralization extends to 700 metres or more in depth."

(1) Silver equivalent values are calculated on the basis of the following metal prices: Au $550/oz, Ag $10/oz, Pb $0.50/lb and Zn $1.25/lb.

Dr. Hodgson is the Qualified Person (as defined in National Instrument 43-101) who, unless otherwise indicated, supervised the preparation of the scientific and technical information reflected in this press release. Preparation of the above reported assay samples was carried out by ALS Laboratories Ltd. at their facility in Chihuahua, Mexico, with assaying conducted by ALS at their laboratory in North Vancouver, British Columbia.

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

                                            Core
DDH               Zone   From          To Length    Inclin.

CC-2005-22    Calvario 173.30      174.40   1.10
CC-2005-26    Calvario 159.35      160.85   1.50
                       173.30      173.90   0.60
   2006-40       North 199.85      200.50   0.65       -52
                       No significant
   2006-48        Mill values                          -53
   2006-52        Mill 112.10      117.60   5.50       -58
                       126.90      129.65   2.75
                       132.15      135.15   3.00
                       208.00      211.55   3.55
                       216.20      219.95   3.75
                       228.40      229.45   1.05
                       233.70      235.10   1.40
                       244.25      250.80   6.55
   2006-63       North 144.40      145.10   0.70       -52
   2006-64       North 122.45      123.70   1.25       -52
                       128.90      129.75   0.85
                       No significant
   2006-67       North values                          -75
   2006-68       North 165.90      166.40   0.50       -85
   2006-69       North 127.90      128.65   0.75       -75
                       No significant
   2006-73       North values                          -90
   2006-74       North 183.40      183.70   0.30       -80
                       No significant
   2006-75       North values                          -80
   2006-76    Calvario 148.85      154.05   5.20       -45
   2006-77    Calvario 133.45      134.05   0.60       -45
                       No significant
   2006-78       North values                          -70
   2006-79       North 196.10      196.70   0.60       -85
                       208.20      209.15   0.95
                       223.75      224.95   1.20
                       228.00      228.60   0.60
                       233.30      234.30   1.00
                       244.15      244.60   0.45
                       251.50      251.80   0.30
                       No significant
   2006-80       North values                          -90

                       No significant
   2006-83       North values                          -68
   2006-84        East  59.55       61.70   2.15       -45
                       128.10      129.10   1.00
                       148.35      149.35   1.00
                       251.85      253.85   2.00
                       279.05      294.30  15.25
             Including 290.70      294.30   3.30
   2006-85       North 245.50      245.85   0.35       -60
                       271.80      274.05   2.25
                       289.80      290.40   0.60
   2006-86       North 142.25      144.20   1.95       -55
                       169.35      169.65   0.30
                       172.35      172.60   0.25
   2006-87        East 146.15      150.00   3.85       -50
                       290.70      291.10   0.40
   2006-88    Calvario 169.65      172.60   2.95       -45
                  More results
                       pending
   2006-89    Calvario   88.15      88.60   0.45       -75
                      Hole steepened and missed target
   2006-90        East  183.90     185.20   1.30       -45
                        211.60     212.65   1.05
                        243.05     243.50   0.45
                        268.30     268.80   0.50
                        No significant
   2006-91        East  values                         -45
   2006-92        East  220.30     221.25   0.95       -45
                        260.30     262.80   2.50
   2006-93        East   95.30      95.50   0.20       -51
                        129.70     131.50   1.80
                        143.10     143.90   0.80
   2006-94        East   33.95      34.20   0.25       -45
                        194.15     195.15   1.00
                        235.40     235.75   0.35
   2006-95    Calvario  192.40     193.05   0.65       -51
                        216.00     216.60   0.60       -51
                        226.40     227.10   0.70       -51
                        243.25     243.65   0.40       -51
                        246.10     248.85   2.75       -51
                        269.35     269.70   0.35       -51
                        281.90     282.50   0.60       -51
   2006-96    Calvario  Terminated short of target     -60
   2006-97        East   57.05      58.05   1.00       -45
                        More results
                        pending
   2006-98        East  No significant results         -45
   2006-99        East   93.70      94.05   0.35       -45
                        135.55     137.25   2.15
                        141.10     145.00   3.90
                        158.05     158.90   0.85
   2007-108       Mill  116.35     162.70  46.35       -45
             including  126.30     128.50   2.00
             including  147.90     160.70  12.80
                        181.95     187.45   5.50
                        242.80     252.50   9.70
                        351.30     359.00   7.70
                        410.95     417.35   6.40
                        426.55     432.90   6.35
                        More results
                        pending
   2007-111   Calvario  262.95     273.65  10.70       -46
   2007-113   Calvario  342.25     348.95   6.70       -56
   2007-116   Calvario   90.85     104.15  13.30       -56
                        More results
                        pending
   2007-117   Calvario  152.05     157.65   5.60       -67
             including  152.70     156.45   3.75       -67



             Est.
             True                                             Ag
DDH         Width        Au g/t(i)  Ag g/t     Pb%    Zn% Eq.(ii)

CC-2005-22                   0.06       90   0.70   0.61     169
CC-2005-26                   0.26       90   1.96   0.98     255
                             0.13      223   4.40   5.13     820
   2006-40                   0.39       64   1.14   1.00     210

   2006-48
   2006-52                   0.06       14   0.44   0.67      89
                             0.06      107   3.57   4.03     577
                             0.03       36   1.23   1.96     247
                             0.05       20   0.29   3.27     313
                             0.00       13   0.06   2.25     208
                             0.00       11   0.16   2.19     204
                             0.22       12   0.06   0.86     100
                             0.10       19   0.17   2.72     264
   2006-63                   0.14      531   0.17   0.18     560
   2006-64                   0.19      158   0.12   0.13     184
                             0.11      119   0.08   0.05     132
   2006-67
   2006-68                   0.10       71   0.15   0.21     100
   2006-69                   1.19    1,205   1.75   1.89   1,492
   2006-73
   2006-74                   0.07      122   0.09   0.09     137
   2006-75
   2006-76    3.7            0.33       66   1.14   0.95     204
   2006-77    0.4            0.39      249   0.49   1.07     379
   2006-78
   2006-79                   0.31      551   1.31   0.06     618
                             0.48      405   0.51   0.57     498
                             0.14      103   0.05   0.07     118
                             0.13      158   0.08   0.07     174
                             0.14      261   0.07   0.06     276
                                        96   0.04   0.07     103
                             0.25      218   0.08   0.17     249
   2006-80
   2006-83
   2006-84                   0.08      242   0.19   0.13     264
                             0.19    1,345   2.73   1.69   1,594
                             0.18      505   0.37   1.02     615
                             0.05      104   0.12   0.09     119
                             0.60      507   1.56   1.59     730
                             1.54    1,496   2.67   3.15   1,942
   2006-85                   4.38    1,010   0.75   0.59   1,327
                             0.99      288   0.99   0.55     424
                   less than 0.05      166   0.16   0.15     187
   2006-86                   0.02       80   0.32   0.39     126
                             0.07      114   1.65   0.68     233
                             0.30      109   0.21   0.14     145
   2006-87                   0.11      304   0.28   0.77     386
                             0.56      352   0.68   0.27     429
   2006-88    2.1            0.07      104   1.42   1.45     280
   2006-89    0.1            0.20      115   0.60   0.60     198
   2006-90                   0.51      603   0.70   0.22     674
                             0.05       88   0.13   0.11     104
                             0.77    1,065   2.91   6.04   1,725
                             0.78      295   4.75   6.32   1,042
   2006-91
   2006-92                   0.13       71   1.64   3.07     398
                             0.13      143   1.97   2.11     399
   2006-93                   0.13      317   0.18   1.71     477
                              n/a       61   0.06   0.03      66
                             0.07      549   0.61   0.25     595
   2006-94                   0.00       65   0.04   0.04      70
                             0.19       62   0.76   1.14     197
                             0.06       56   1.14   3.31     382
   2006-95    0.4            0.73       81   0.96   1.23     260
              0.4            1.58      134   2.39   3.64     615
              0.4            0.64      240   4.01   7.57   1,062
              0.3            0.39      131   2.19   2.28     423
              1.7            0.14      115   2.46   1.70     354
              0.2            0.02      110   1.45   1.87     321
              0.4            0.07      102   2.48   2.06     367
   2006-96
   2006-97                   0.13      132   0.12   0.03     146
   2006-98
   2006-99                   0.27      278   0.76   1.10     413
                             0.91      272   1.39   1.20     473
                             0.10      285   0.11   0.09     301
                              n/a       99   0.54   0.15     133
   2007-108                  0.01       17   0.52   0.69      95
                             0.06       60   1.55   1.95     284
                             0.02       33   1.19   1.67     219
                             0.01       15   0.46   0.50      75
                             0.04       20   0.63   1.00     129
                              n/a       14   0.44   0.68      99
                              n/a       16   0.66   1.02     143
                              n/a       14   0.14   1.68     191
   2007-111   7.4               0      166   1.95   1.75     390
   2007-113   3.7            0.18      116   1.76   1.08     279
   2007-116   7.4            0.31       51   0.89   1.98     268
   2007-117   2.2            0.22      282   6.98   9.12   1,315
              1.5            0.27      388   9.71  12.82   1,835

(i) Gold values not available are marked n/a
(ii) Ag g/t equivalent grades calculated based on metal prices of
     $550/oz Au, $10/oz Ag, $0.50/lb Pb, $1.25/lb Zn


The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts:
Silver Eagle Mines Inc.
Terrence H. Byberg
President & CEO
(416) 361-1101
(416) 361-9280 (FAX)
Email: [email protected]

Silver Eagle Mines Inc.
Dan Barnholden
Investor Relations Contact
(416) 625-2334
Email: [email protected]
Website: www.silvereaglemines.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


@ThingsExpo Stories
BnkToTheFuture.com is the largest online investment platform for investing in FinTech, Bitcoin and Blockchain companies. We believe the future of finance looks very different from the past and we aim to invest and provide trading opportunities for qualifying investors that want to build a portfolio in the sector in compliance with international financial regulations.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
We are given a desktop platform with Java 8 or Java 9 installed and seek to find a way to deploy high-performance Java applications that use Java 3D and/or Jogl without having to run an installer. We are subject to the constraint that the applications be signed and deployed so that they can be run in a trusted environment (i.e., outside of the sandbox). Further, we seek to do this in a way that does not depend on bundling a JRE with our applications, as this makes downloads and installations rat...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
Digital Transformation (DX) is not a "one-size-fits all" strategy. Each organization needs to develop its own unique, long-term DX plan. It must do so by realizing that we now live in a data-driven age, and that technologies such as Cloud Computing, Big Data, the IoT, Cognitive Computing, and Blockchain are only tools. In her general session at 21st Cloud Expo, Rebecca Wanta explained how the strategy must focus on DX and include a commitment from top management to create great IT jobs, monitor ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...