Rio Silver Inc. (TSXV:RYO) announced channel sample results from its 100% owned 2100 hectare Niñobamba project in Peru.
As quoted in the press release:
The newly exposed gold-silver zone in TR-04 is located approximately 400 metres west of trench TR-01 which returned 142 metres of 0.48 g/t Au and 55 g/t Ag and contained an interval of 56 metres returning 1.03 g/t Au and 98.9 g/t Ag (see company press release July 12, 2012). Trench TR-04 was terminated due to deep colluvium cover where the last sample returned 0.53 g/t Au and 81.9 g/t Ag. TR-04 exposed a second mineralized silver rich zone which returned 14.89 metres of 0.16 g/t Au and 85.9 g/t Ag. These results suggest that the northern mineralized zone may consist of two mineralized structures: one goldsilver rich and the other silver rich.