Sienna Gold Inc (TSXV:SGP) announced exploration results from their Igor Project in Peru.
As quoted in the press release:
The resource estimate resulted in a resource of 7.2 million tonnes grading 1.9 grams per tonne (g/t) gold and 71.8 g/t silver; this equates to 3.16 gold equivalent (Au Eq*) g/t using a cut-off grade of 1.5 Au Eq* g/t. This is approximately 448,500 ounces of gold and 16,600,000 ounces of silver, which equates to approximately 730,500 Au Eq* ounces.
Sienna Gold’s Director, Warren Pratt, said:
The timely production of the Callanquitas resource estimate was a tremendous step forward for Sienna Gold and Igor. In particular, it demonstrated very high silver grades at a particular topographic elevation. We intend to learn from Callanquitas and use it as the springboard to grow the global resource.