Denarius Announces Additional Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 2.51% Cu, 0.65% Pb, 3.28% Zn, 49.99 g/t Ag and 6.07 g/t Au Over 6.85 Meters

Denarius Announces Additional Drill Results From the Ongoing Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain, Including 2.51% Cu, 0.65% Pb, 3.28% Zn, 49.99 g/t Ag and 6.07 g/t Au Over 6.85 Meters

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today that it has received complete assays for four additional drill holes, totaling 1,289 meters, from the ongoing surface diamond drilling program on its polymetallic Lomero-Poyatos Project in Southern Spain. To date, Denarius has completed approximately 8,600 meters of drilling, representing 36% of the initial program, in 28 holes with two additional holes in process.

Key takeaways from the exploration work carried out at the Lomero-Poyatos Project to-date include:

  • The current drill data increases our confidence in the geological model created using validated data from previous explorers' drilling campaigns;
  • The additional infill drill results confirm that the massive and semi-massive sulfide zones at Lomero-Poyatos are significantly enriched in gold and validate the thickness and grades of selected drill holes from previous drilling campaigns; and,
  • Initial surface geological mapping in the northern sector of the permit confirms that there is evidence of an E-W trending shear-zone sub-parallel to the known shear-hosted Lomero-Poyatos deposit, on which   some historical mining workings have been developed. Denarius intends to carry out testing through a geophysical survey as soon as instruments are available to determine the potential that the mineralization persists over the strike length of the known deposit.

Serafino Iacono, Executive Chairman and CEO of Denarius, commented, "These additional drilling results and the initial geological mapping at the Lomero-Poyatos Project are very encouraging. Our drilling to-date has tested an area within this well-known VMS deposit that is over 1,000 m along strike and 190 m deep. All the holes drilled to-date have intercepted massive sulphide mineralization. We are moving forward with a third rig to accelerate the ongoing drilling program in order to prepare an updated NI 43-101 compliant mineral resource estimate and scoping study by the third quarter of this year. We are confident that our exploration campaign at the Lomero-Poyatos Project will continue to be a key value driver for Denarius as we move forward ".

This is the Company's first diamond drill campaign at its flagship project in Andalucia Region, Southern Spain, located within the Iberian Pyrite Belt. The Lomero-Poyatos Project comprises a 100% interest in the P.I. Rubia, License Nº 14.977, covering the areas occupied by the former Lomero-Poyatos Concessions. The initial surface drilling program at the Lomero-Poyatos Project, which commenced in late October 2021, is designed with three objectives: (i) to validate selected historical holes drilled within the existing mine, (ii) to carry out infill drilling on a 50 m by 50 m spacing in the lower levels of the mine, and (iii) extension drilling consisting of 17 holes. The planned total in this initial program is to complete approximately 81 drill holes for a total of approximately 23,500 meters of drilling. The Company is fully financed to complete the ongoing program and drill up to a further 40,000 meters. A third diamond drill rig has arrived on site to expedite the ongoing drilling program on the Lomero-Poyatos deposit and is expected to be operational by the end of February.

The Company has established COVID-19 safety protocols for ensuring a secure work environment for its employees and contractors.

Key Highlights

  • The area tested by drilling to-date is over 1,000 m along strike and 190 m deep and will continue to expand as the program progresses. All the holes have intercepted massive sulphide mineralization.
  • Drill holes LM21009 and LM21007 (previously reported on January 18, 2022), along with drill hole LM21010, for which assay results are still pending, successfully delineate high-grade gold and polymetallic mineralization over 200 meters of strike length in the eastern portion of the deposit.
  • Drill holes LM21013 and LM21015 were successful in confirming high-grade gold mineralization at the westernmost end of the historical mine.
  • Initial surface geological mapping in the northern sector of the permit has confirmed that there is evidence of an E-W trending shear-zone sub-parallel to the known Lomero-Poyatos deposit hosted within a ductile shear-zone, on which some historical mining workings have been developed, such as the Alianza Shaft. This shear-zone outcrops to the east of the NE trending, steeply dipping, fault that delimits and bends the mine workings at the easternmost end of the historical mine.
  • Denarius plans to engage International Geophysical Technology, S.L. ("IGT") services to carry out a geophysical campaign (gravimetry and Time Domain Electromagnetic surveys) on the Lomero-Poyatos Project. The geophysical surveys will cover the entire area with the objective to determine the possible extension of the known deposit along strike and at depth and identify new mineral deposits. IGT is a Spanish geophysical consulting company based in Madrid and has worked with the private sector and public institutions in more than 30 countries. In the Iberian Pyrite Belt, IGT was involved in the discovery of the geophysical anomaly related to the Magdalena VMS deposit, which is the most recent commercial discovery in this belt.
  • One of the key objectives of the current drill program at Lomero-Poyatos is to obtain material for metallurgical samples. Understanding the complex metallurgical nature of the Lomero-Poyatos mineralization is seen as critical because previous metallurgical work was deemed incomplete and ambiguous. To gain a better understanding of the ore mineralogy of the deposit to support a first phase of metallurgical testing, Denarius has engaged Dr. Dolores Yesares, professor of the Department of Mineralogy and Petrology of the Faculty of Geological Sciences of the Universidad Complutense of Madrid, who since 2008 has been involved in different projects focusing on the metallogenesis of both Cu-Zn-Pb and Au-Ag mineralization in several world class mining districts.

The following table lists the key intercepts from the ongoing Lomero-Poyatos drilling program since the Company's previous press release issued on January 18, 2022:

HOLE ID Phase from (m) to (m) length (m) Cu % Pb % Zn % Ag g/t Au g/t Min. Type
LM21009 Infill 214.55 221.40 6.85 2.51 0.65 3.28 49.99 6.07 MS
LM21013 Infill 285.15 286.00 0.85 0.78 0.22 0.57 70.40 5.73 MS
and 288.95 292.00 3.05 0.06 0.35 2.20 1.68 0.32 STW
LM21014 Infill 233.45 239.90 6.45 1.58 0.16 0.18 15.74 2.10 MS
including 233.45 236.65 3.20 2.88 0.14 0.08 24.96 3.14 MS
LM21015 Infill 248.90 253.30 4.40 0.40 0.80 1.93 45.19 3.39 MS
including 248.90 250.90 2.00 0.60 1.57 3.53 70.25 4.90 MS
and 259.45 268.05 8.60 0.31 0.01 0.03 0.17 STW
and 269.00 272.55 3.56 0.25 0.11 0.30 7.19 0.45 MS









Notes: The holes were drilled at -65 to -85 degrees from the horizontal. Grades are for semi-massive to massive sulphide intersections and some stockwork zones. The width is the sample length and is not necessarily the true width of the intersection. All base and precious metal grades are uncut and are not diluted to a minimum mining width. MS, massive sulphides; STW, stockwork.

Please refer also to the attached illustrative maps showing the location of drill holes and two sections with drill holes LM21009 and LM21014 and drill holes LM21013 and LM21015, respectively.

Qualified Persons Review

Dr. Stewart D. Redwood, PhD, FIMMM, FGS, Senior Consulting Geologist to the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and prepared or reviewed the preparation of the scientific and technical information in this press release. Verification included a review of the quality assurance and quality control samples, and review of the applicable assay databases and assay certificates.

Quality Assurance and Quality Control

The Lomero-Poyatos samples were prepared and assayed by AGQ Labs (ISO/IEC 17025) at their laboratory in Burguillos, Seville, Spain. Gold was assayed by 30 g fire assay with ICP-OES finish, while silver and base metals were analyzed in a multi-element package by aqua regia digestion and ICP-OES finish. Blank, standard and duplicate samples were routinely inserted and monitored for quality assurance and quality control.

About Denarius

Denarius is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The Company also owns the Zancudo Project in Colombia which is currently being explored by IAMGOLD Corp. pursuant to an option agreement for the exploration and potential purchase of an interest in the project.

Additional information on Denarius can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR at www.sedar.com .

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results and mineral resource estimates. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Filing Statement dated as of February 18, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Denarius disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:

Christopher Haldane
Vice President, Investor Relations
(416) 360-4653
investors@denariusmetals.com

Attachment 1: Location of Drill Holes is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/f1297a8b-7e5c-4e39-b91e-6c16adae60ad

Attachment 2: Cross-section LM21013 and LM21015 Au grades is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a7e249c0-3965-4c9d-bc5c-fa39e8f6100d

Attachment 3: Cross-section LM21009 Au grades is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/31d4031c-05f4-49cc-8d1d-2b3a686ecda7


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

DSLV:CA
The Conversation (0)
Denarius Signs Option Agreement With Europa Metals to Develop the Toral Zinc-Lead-Silver Project, Leon Province, Northern Spain

Denarius Signs Option Agreement With Europa Metals to Develop the Toral Zinc-Lead-Silver Project, Leon Province, Northern Spain

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) is pleased to announce that it has signed a letter of intent for an option and joint-venture arrangement (the "Letter of Intent") with Europa Metals Ltd. ("Europa") (AIM: EUZ), pursuant to which Europa granted Denarius the right to acquire up to an 80% ownership interest in the Toral Zn-Pb-Ag Project (the "Toral Project"), Leon Province, Northern Spain in two stages (the "Proposed Transaction").

Serafino Iacono, Executive Chairman and CEO of Denarius, commented, " We are extremely pleased to have agreed the commercial parameters for this proposed farm-in transaction subject, inter alia, to definitive documentation which will enable Denarius to lead the development of this high-grade polymetallic project located in a well-mineralized historic mining area and proactive jurisdiction that also offers potential further exploration opportunities. The high-grade concentrates that could be produced at Toral in the future make this a unique opportunity for Denarius to seek to develop a high-quality base metal project in the heart of western Europe."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Denarius Announces an Initial Mineral Resource Estimate for Its Polymetallic Lomero-Poyatos Project in Southern Spain

Denarius Announces an Initial Mineral Resource Estimate for Its Polymetallic Lomero-Poyatos Project in Southern Spain

  • The initial Inferred Mineral Resource comprises 10.66 Mt at 0.45% Cu, 1.02% Zn, 0.41% Pb, 21 g/t Ag and 2.0 g/t Au (1.59% CuEq) containing an estimated 48 kt Cu, 109 kt Zn, 44 kt Pb, 7.4 Moz Ag, 0.7 Moz Au.
  • Based on the results from approximately 26,000 m completed in 83 diamond drill holes in the Phase 1 surface drilling program completed in July 2022, the initial Mineral Resource estimate provides a solid foundation for further mineral resource expansion in Denarius' forthcoming Phase 2 program.
  • The initial Mineral Resource estimate assumes both open pit and underground mining and extends from surface to a depth of 350 meters.
  • Completing a directional drilling program to validate a high-grade dataset relative to this MRE associated with a historical drilling campaign of horizontal underground holes that is not yet included in the above initial Mineral Resource estimate.
  • Drilling to date has identified mineralization over a strike of over 1 km and with a vertical extension of 400 meters.
  • This initial MRE confirms the significant high gold grade potential of this project within the Iberian Pyrite Belt, as it remains open for further expansion down-dip and to the east.
  • Continued potential for further resource expansion, with compelling targets already identified via recent detailed helicopter-borne time-domain electromagnetic ("TDEM" or "TEM") and ground-based gravimetric surveys.

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today an initial Mineral Resource estimate ("MRE"), prepared in accordance with CIM guidelines and disclosure requirements of NI 43-101, on its 100% owned Lomero-Poyatos Project ("Lomero") in southern Spain. Lomero is a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt ("IPB"), one of the largest districts of pyrite-rich massive sulfide deposits in the world.

The initial MRE has been prepared at the conclusion of the Phase 1 surface drilling program carried out by the Company between October 2021 and July 2022. The initial MRE reflects the early-stage results from this validation and infill drilling program coupled with resource expansion drilling below the historical drilling. This program has enabled the Company to confirm the presence of the expected polymetallic mineralization at Lomero and to increase its geological knowledge to a sufficient level to declare this initial Mineral Resource for Lomero. The Company plans further exploration drilling at Lomero as it continues to validate certain historical drilling, which has been excluded from the current estimates, together with further infill and step out drilling around the Mineral Resources presented herein.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Denarius Announces Second Quarter and First Half 2022 Results

Denarius Announces Second Quarter and First Half 2022 Results

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and six months ended June 30, 2022. These documents can be found on its website at www.Denariusmetals.com and by reviewing its profile on SEDAR at www.sedar.com . All financial figures contained herein are expressed in U.S. dollars unless otherwise noted.

Commenting on the second quarter and first half 2022 results, Serafino Iacono, Chairman and Chief Executive Officer of Denarius, stated "We are very pleased with the results of our initial drilling program at our flagship Lomero Project in Spain which have increased our confidence in the geological understanding of the deposit and will allow for proper 3D modelling in preparation for a Mineral Resource estimate update by the end of the third quarter of 2022. We also expect to complete a scoping study for the Lomero Project by the end of 2022. In Colombia, with the recent termination of IAMGOLD's Option Agreement at our 100%-owned Zancudo Project for reasons unrelated to the project's viability, we now have an opportunity to proceed with an exploration campaign of our own. Our evaluation of the exploration results from the work completed by IAMGOLD over the last five years indicate that the project is a potential polymetallic deposit including gold, silver, zinc and lead. We are currently establishing our project team to carry out our exploration campaign at Zancudo, expected to commence later this year, and we are completing transition activities with IAMGOLD related to the exploration project and ongoing community programs."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Denarius Announces Completion of the In-Fill Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain

Denarius Announces Completion of the In-Fill Drilling Program at Its Polymetallic Lomero-Poyatos Project in Spain

  • Drilling program confirms widths and grades of intersections from previous drilling campaigns.
  • Preliminary results from recently finalized geophysical surveys   confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike   in two zones   to the east.

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today that it has received complete assays for thirty-one additional drill holes, mainly in-fill holes, totaling approximately 8,236 meters, from the ongoing surface diamond drilling program on its polymetallic Lomero-Poyatos Project in southern Spain. To date, Denarius has completed approximately 22,543 meters of drilling in 75 drill holes, including twinning of historical drill holes. The validation and in-fill phases, totaling 66 holes and representing 81% of the initial program, are now complete. There are three drill rigs onsite continuing with the resource expansion portion of the initial program. In addition to the diamond drilling, the Company has received preliminary results from the recently completed geophysical surveys that confirm the potential to extend the known Lomero-Poyatos deposit down-dip and to find new deposits along strike to the east in two zones as previously announced based on discoveries made during field mapping.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Denarius Announces First Quarter 2022 Results

Denarius Announces First Quarter 2022 Results

Denarius Metals Corp. ("Denarius" or "the Company") (TSXV: DSLV; OTCQB: DNRSF) announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three months ended March 31, 2022. These documents can be found on its website at www.Denariusmetals.com and by reviewing its profile on SEDAR at www.sedar.com . All financial figures contained herein are expressed in U.S. dollars unless otherwise noted.

Denarius' primary focus in the first quarter of 2022 was the continuation of its 23,500 initial drilling program at its flagship Lomero Project in Spain. The Company spent $2.1 million for exploration and capital expenditures on its projects in the first quarter of 2022, of which approximately $1.7 million related to the Lomero Project and $0.4 million related to its Guia Antigua Project in Colombia. To date, Denarius has completed approximately 19,600 meters of drilling, representing 83% of the current program. The preliminary results have confirmed the massive and semi-massive sulfide zones at the Lomero Project are enriched in copper and significantly in zinc and gold and largely validate the thickness and grades of selected drill holes from previous drilling campaigns.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Chris Marcus, silver bars.

Chris Marcus: Silver Market Tight, but Volatile — Price Drivers and Outlook

Chris Marcus, founder of Arcadia Economics, shares his latest thoughts on the silver market, outlining the white metal’s key price drivers right now.

He also shares his outlook for gold as its historic run continues.

Keep reading...Show less
Silver Dollar Extends Curlew Vein Strike Length to 700 Metres with Near Surface Intercepts at Ranger-Page

Silver Dollar Extends Curlew Vein Strike Length to 700 Metres with Near Surface Intercepts at Ranger-Page

Previously reported intercept of 162 g/t Ag, 15.5% Pb and 4.1% Zn over 3 metres interpreted to be the extension of the Curlew Vein from the Blackhawk Mine

Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to report geologic modeling results correlating to the recently reported near-surface drilling discoveries at the Ranger-Page Project located in northern Idaho's prolific Coeur d'Alene Mining District.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Futuristic 3D holographic visualization of resource and geophysical data analysis.

From Data to Discovery: How AI is Changing the Face of Modern Mining

Mineral exploration is one of the riskiest and most capital-intensive phases of the mining lifecycle. The process has traditionally relied heavily on historical geological records, field surveys and extensive drilling, often with low success rates and long time horizons. But a new wave of digital innovation is reshaping the landscape.

Artificial intelligence (AI) and advanced data analytics are increasingly at the forefront of a quiet revolution in mining, offering tools that enhance discovery potential, reduce exploration risk and deliver stronger returns for investors.

Historically, mineral exploration has been marked by high uncertainty and significant financial risk. Companies spend millions of dollars poring over old geological maps, conducting labor-intensive fieldwork and drilling test holes — all in hopes of finding an economically viable deposit. In fact, industry data suggests that only a tiny fraction of exploration projects — approximately one in a thousand — ever reaches production. This low success rate has often made early-stage mining investments difficult to assess and even harder to justify without deep technical insights or a strong appetite for risk.

Keep reading...Show less
Silver bar surrounded by shiny silver nuggets on a black background.

Top 5 Canadian Silver Stocks of 2025

Silver-mining companies and juniors have seen support from a strong silver price in 2025. Since the start of the year, the price of silver has increased by over 11 percent as of April 11, and it reached a year-to-date high of US$34.38 per ounce on March 27.

Silver’s dual function as a monetary and industrial metal offers great upside. Demand from energy transition sectors, especially for use in the production of solar panels, has created tight supply and demand forces.

Demand is already outpacing mine supply, making for a positive situation for silver-producing companies.

Keep reading...Show less
Stacks of shiny silver bars labeled "FINE SILVER" and "999" purity.

ASX Silver Stocks: 5 Biggest Companies in 2025

Silver is often compared to gold due to its importance in jewellery and as a safe-haven investment.

However, silver has many industrial applications too, including in electronics, automobiles and silverware, as well as medicine and photography. Energy transition applications are a growing demand sector for silver too — the metal is valued for its conductive capacity, which makes it particularly useful in the production of photovoltaic panels.

Silver supply has tightened in recent years as industrial demand rises. This was one of several factors that helped the silver price break through the US$34 per ounce mark in October 2024 for the first time since 2012. Heading into the second quarter of 2025, silver once again tested the US$34 level, although it has pulled back to US$31 amid market volatility as of April 10.

Keep reading...Show less
First Majestic Announces 2024 Sustainability Report and Mailing of 2025 AGM Meeting Materials

First Majestic Announces 2024 Sustainability Report and Mailing of 2025 AGM Meeting Materials

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the release of its 2024 Sustainability Report and the mailing of its meeting materials for the Company's upcoming 2025 Annual General Meeting of Shareholders (the "2025 AGM").

2024 SUSTAINABILITY REPORT

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×