New Gold System Continues To Be Defined

VANCOUVER – Fabled Silver Gold Corp. reported on the updates of the results of diamond drilling from the newly upgraded 14,200-meter drill program on the “Santa Maria” Property in Parral, Mexico.

Peter J. Hawley, CEO and President, said, “We are pleased to announce drill assay results for surface diamond drill holes SM20-23 and SM20-24. As assay results from this new gold domain system are received, we are refining the interpretation of structural controls which is an isopac contour of gold grade multiplied by thickness.”

The fence of holes SM20-22, 23 and 24 are located 75 meters to the west of drill collars SM20-19-20 and were designed to tighten up the interpretation or boundaries of the new Santa Maria gold structure. The drill holes targeted intercepting the structure at vertical depths of -175, -225, and -275 meters, respectively. As one can see, the interpreted mineral / structural thesis which includes gold mineralization is plunging 45 degrees to the west continues to be validated and remains open in all directions.

As previously reported, drill holes SM20-19 intercepted a large low-grade structure below a high-grade zone. Both holes SM20-19 and SM20-21 intercepted the low-grade structure at the same vertical depth of -225 meters which appears to contain little gold at this elevation.

In this case, hole SM 20-23 intercepted not only the structure but what is being interpreted as a lower feeder zone for mineralization and reported 18.64 oz silver Eq per tonne, 437.8 lb. of lead per tonne, 113.96 lb. of zinc per tonne and 28.38 lb. copper per tonne over a width of 0.80 meters.

The fence of drill holes SM20-25, 26 and 27 are located another 75 meters to the west of drill collars SM20-22, 23 and 24 and were designed to again tighten up the interpretation or boundaries of the new Santa Maria gold structure.

Drill holes SM20-25 – 29 have been completed and submitted for assay. Hole SM20-30 is in progress and sites for holes SM20-31 to 36 are planned, subject to assays results and structural interpretation.