Cumaro is a five square kilometre claim lying within SilverCrest’s actively explored El Picacho district and hosts the extensions of the El Picacho, Dos Amigos, and Basaitegui Veins. In February SilverCrest announced the completion of 42 holes with 21 holes intercepting an average of 4.1 metres estimated true vein width grading 8.14 g/t gold and 49.7 g/t silver1. The best hole reported, PI-20-006, returned 7.25 metres of estimated true vein width grading 40.49 g/t gold and 260.4 g/t silver. These intercepts are approximately 1,800 metres along strike from Heliostar’s Cumaro claim. The El Picacho Project is a nearby project that is not owned by Heliostar Metals Limited. There is no guarantee Heliostar will return similar exploration results as at El Picacho.
The geology of the El Picacho - Cumaro district can be considered as two halves, with the western half comprising outcropping precious-metal bearing veins that project directly from the El Picacho claim on to the Cumaro claim. The eastern half is interpreted to have been downthrown relative to the western half, thus potentially preserving the El Picacho mineralized level at shallow depth. Surface alteration at Cumaro comprises corridors of clay, quartz and calcite; assemblages that support the shallow level geological interpretation of the western block at Cumaro.
The vein extensions on the Cumaro claim have received little exploration work and no known drilling. Work is currently underway to advance exploration at the vein extensions to drill ready status.