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Blende Silver completes 3D Induced Polarization program at Blende Project in Yukon

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The 3D Induced Polarization and resistivity survey has been completed by Dias Geophysical using their DIAS32 system, which provides excellent depth of exploration with the high power GS5000 transmitter and the ability to produce multi-scale dipoles.

Additional Information:

Company: Blende Silver Corp.
Website: http://www.BlendeSilver.com
Stock Symbol: TSXV: BAG
Date Published: Aug 9, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Blende Silver Corp. reports that Dias Geophysical has completed a 3D Induced Polarization program at its Blende Project.

The company’s 100% owned flagship Blende Deposit is located 63 kilometers northeast of Keno Hill in north-central Yukon.

The winter-road accessible, 5,345-hectare property, has had more than $9.2 million in past exploration, including 25,195 meters of drilling in 132 drillholes, with $5.2 million in exploration incurred by Blende Silver.

ATAC Resources’ high grade silver-lead-zinc discovery at the Ocelot Project is 20 kilometers to the south.

The 3D Induced Polarization and resistivity survey has been completed by Dias Geophysical using their DIAS32 system, which provides excellent depth of exploration with the high power GS5000 transmitter and the ability to produce multi-scale dipoles.

The IP geophysical survey was designed to find the strike and down dip extension of mineralization in the West, and Central zones and to evaluate the West zone South target.

After structural analysis on the northwest side of the Far West zone, the survey was extended to locate the faulted strike extension of a 25 meter wide semi massive chalcopyrite and galena bearing mineralized zone that outcrops at surface.

Management anticipates the results of the survey will be invaluable for guiding the extensional drilling currently ongoing at the property since it can detect mineralization to a depth of 400 meters.

Andrew H. Rees, Director, stated: “There is currently a 5km mineralized trend striking NW to SE at the Blende project with Inferred and Indicated resources in the East and West pits, approximately 2km apart which contain Inferred 37.32 Million oz silver, 1.706 Billion lbs. zinc and 1.505 Billion lbs. lead, which makes the project one of the largest carbonate hosted silver-zinc-lead projects in western Canada. This first phase 3D IP program is designed to assist the company in the potential to drill and develop a resource in the highly prospective Central Zone which is the area between the East and West Zone pit models. Additionally, 3D IP surveying was conducted in an area that could be an expansion of the West Zone, which the company’s exploration team feels is highly prospective for copper and possibly gold.”

The company recently closed a private placement, raising gross proceeds of $880,500 from the placement of 8,805,000 units, priced at $0.10 per unit.

Each unit consisted of 1 share and 1 warrant, with the warrant exercisable at $0.20 for 36 months.

The shares are currently trading at $0.10.

For more information, please visit the company’s websites www.BlendeSilver.com, contact Andrew H. Rees, Director, at 604-682-2928 or by email at info@BlendeSilver.com.

I’m Cassandra Bolinski for Investmentpitch Media