Texas Mineral Resources Corp. (TMRC) has announced preliminary results from its exploratory drilling activities in the Black Hawk Mining District, located in Grant County, New Mexico. This initiative, part of a 2021 agreement with Santa Fe Gold Corporation, focused on assessing the Alhambra mine's potential. The drilling successfully intersected sulfide bearing veins in ten out of eleven holes, aligning with expected depths and marking a significant step forward in the project's exploration phase.
The exploration employed the NANOTEM geophysical surveying method, a technique adapted by Zonge International to suit the unique conditions of the Black Hawk district. While this method has proven effective in locating veins, it does not differentiate between native silver and sulfide bearing veins. Despite this limitation, the preliminary results are seen as a positive indicator for the project's future exploration and development efforts. TMRC is currently conducting a detailed analysis of the drill core, with a comprehensive report expected to follow.
Daniel Gorski, CEO of TMRC, highlighted the NANOTEM method's effectiveness in vein identification, expressing optimism about its potential to significantly influence the project's trajectory. The Black Hawk Mining District is renowned for its 'Five Element Veins,' with the Alhambra mine's carbonate filled structures potentially hosting valuable minerals. The collaboration with the New Mexico Bureau of Geology and Mineral Resources further emphasizes the project's scientific approach, with geologists and students contributing to core logging and analysis. The project's next steps will be determined by the ongoing evaluation of current data, aiming towards a joint venture agreement with Santa Fe Gold Corporation and the eventual commercialization of the findings.
