Texas Mineral Resources Corp. (TMRC) has released preliminary exploratory drilling results from the Black Hawk Mining District in Grant County, New Mexico, marking a significant step in the evaluation of their 2021 mineral exploration agreement with Santa Fe Gold Corporation. The drilling, which focused on the historic Alhambra mine, aimed to test the effectiveness of the Electro-Magnetic survey method in locating veins and to assess the remaining ore within the Alhambra vein’s upper workings.

Out of 20 diamond drill holes aggregating 2751.5 feet, ten intersected strongly altered carbonate veins at or near the expected depth, validating the TDEM (Time Domain Electro-Magnetic) method’s success in this district. This method, adapted from a technique used to locate shallow metallic features, was employed to identify veins, though it does not distinguish between native silver and sulfide bearing veins. The drilling also revealed that seven of eleven holes directed at the Alhambra vein intersected strongly brecciated, carbonate veins between stopes, with three encountering unmapped underground workings.

Daniel Gorski, CEO of TMRC, expressed optimism about the findings, stating the success of NANOTEM in identifying veins is encouraging for the project’s future exploration and development. The Black Hawk Mining District is known for its ‘Five Element Veins,’ with the Alhambra mine featuring carbonate filled structures that could contain high-grade cores.

The company is currently analyzing the drill core samples, with a complete report pending. TMRC has acknowledged the New Mexico Bureau of Geology and Mineral Resources for their assistance in logging, sample preparation, and analysis. The next phase of work in the district will be planned upon completion of the data evaluation. However, the formation of a joint venture agreement with Santa Fe Gold Corporation hinges on the successful outcome of a multi-phase exploration plan and a subsequent bankable feasibility study.

This development is crucial as it not only demonstrates the potential for significant mineral deposits in the Black Hawk Mining District but also highlights the effectiveness of advanced geophysical surveying methods in mineral exploration. The findings could pave the way for future mining projects in the area, contributing to the local economy and the broader mining industry.

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