Trinity One Metals' (TOM.V) Tuesday said newly compiled records from the historic diamond core drill holes completed at its Silver-1 Mine in Ecuador include high grade silver-lead-zinc intersections at calculated vertical depths exceeding the reported maximum depth of historical mining.
The company said Ocashuaico hole SB-18 intersected a principal high-grade zone starting at 152.15 meters downhole. Trinity One's in-country geological team recovered these records through review and digitization of original paper drill logs and technical documents held in the archives of Ecuador's Geological and Energy Research Institute.
The company also located additional historic drill logs from the Shunaste sector, it said. These records are undergoing verification and geological interpretation.
"SB-18 is particularly significant," said chief executive Thomas Wood. "It intersected 2.60 m grading 1,240 g/t silver, including 0.25 m grading 8,002 g/t silver, from a downhole depth of 152.15 m."
The company's shares were last seen up C$0.01, or 9.5%, to C$0.115 on the TSX Venture Exchange.
Price: $0.12, Change: $+0.01, Percent Change: +9.52%