Argenta’s El Quevar shines with eye‑popping silver hit

[Redator]

Argenta Silver (TSXV: AGAG) has delivered one of the year’s most eye‑popping silver assays at El Quevar in Salta, Argentina, cutting 18,467 grams silver per tonne over 1.05 metres.

The hole is part of a broad 40‑metre run grading 1,026 grams silver in hole QVD‑412, cut from 290 metres deep, Argenta said in a Wednesday release. It’s the highest assay recorded so far on the project, CEO Joaquin Marias said.

The hits confirm the presence of several high-grade silver intervals within the project’s Yaxtché deposit, Argenta said.

“From a technical standpoint, the extraordinary tenor of the Yaxtché mineralization highlights the strength and scale of the hydrothermal system that formed El Quevar,” Marias said in the statement.

The company’s Toronto-listed shares rose almost 12%, or 7¢ on Wednesday morning to 67¢ apiece. The company has a market capitalization of $124 million.

Opening up

Hole QVD‑412’s blow‑out grade sits within thickness and continuity, the company reported. Inside the broader zone, Argenta said it cut 15 metres grading 2,246 grams silver per tonne, including 6 metres at 4,423 grams silver. This shows that the result is not a stray speck but a coherent high‑grade shoot within the Yaxtché deposit.

The company’s second hole in this batch, QVD‑413, returned 14.35 metres at 414 grams of silver per tonne. It was found at 258.65 metres deep, which is shallower than the existing resource. This opens the system toward the surface.

The success of up-dip hole QVD-413 and the record intersection in QVD-412 confirm Argenta’s dual strategy, Marias said. The strategy focuses on expanding the known resource and exploring the large untested areas.

The intervals are reported as core lengths; Argenta estimates true widths at 60%–85% but says more modelling and density are needed before it can calculate true thickness.

High grades

The intercept drops into a market already attuned to monster silver grades and it ranks with the most dramatic results reported this cycle.

Sun Silver (ASX: SS1) announced last month that its Maverick Springs program in Nevada found a 0.76-metre sub-interval with a high grade of 10,397 grams silver per tonne as part of a wider 70.1-metre mineralized section starting at 255.12 metres deep.

In Nevada and Colombia, Blackrock Silver (TSXV: BRC; US-OTC: BKRRF) and Outcrop Silver & Gold (TSXV: OCG; US-OTC: OCGSF) have drawn investor attention by announcing multiple high-grade intercepts across large intersections.

At El Quevar, Argenta is leaning into both resource growth and discovery, since only around 3% of the 570 sq. km area has been explored with modern methods. The company’s fully funded 4,000-metre winter campaign, which started in late May, aims to confirm high-grade zones. It will also extend along the strike and test new targets. Outside Yaxtché, first holes are now turning at Atenea, Andrea, Argenta and Mani‑Copan — areas the company says have never been drill‑tested by prior operators.

Growing resource

Argenta’s narrative adds weight to the numbers. Yaxtché hosts an indicated resource of 2.93 million tonnes grading 482 grams silver per tonne for 45.3 million oz. of metal.

Mineralization remains open at depth and along trend, the company said. El Quevar has a unique ‘pure silver’ signature that features high-to-intermediate-sulphidation epithermal mineralization, according to the company. This type shows silver-dominant chemistry, with only minor by-products.

The project is set inside a district with rail, gas and power nearby and a fully operational 100‑person camp on site.

Argenta’s major shareholders include Frank Giustra of the Fiore Group and Argentine businessman Eduardo Elsztain. The company has about $11 million (US$8 million) in working capital and no debt, giving it a solid cushion as executives pursue growth in a good mining jurisdiction.