New High Grade Gold System Surface Drill Program

VANCOUVER – Fabled Silver Gold Corp. reported on 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 SM20-21 and SM20-22. As a result of discovering this new gold domain system, and ongoing interpretation of structural controls, assays results to date, and visual examination of recently drilled holes we have immediately expanded the present drilling by 5,000 meters, to a total of 14,200 meters. This will ensure that we have significant meterage to properly evaluate this gold discovery.”

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

The next fence of holes SM20- 22, 23 and 24 are located 75 meters to the west of drill collars SM20-19-20 and have been designed to intercept the Santa Maria structure at a vertical depth of -175, -225, and -275 meters, respectively, using a newly interpreted mineral / structural thesis which includes new gold mineralization plunging 45 degrees to the west and remains open in all directions.

Drill holes SM20-23 – 26 have been completed and submitted for assay. Hole SM20-27 is in progress and sites for holes SM20-28 to 36 are planned, subject to assays results and structural interpretation.