Definition Drilling Continues To Define Santa Maria Structure

VANCOUVER - Fabled Silver Gold Corp. reported the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the Santa Maria Property in Parral, Mexico.

Peter J. Hawley, CEO and President, said, "Planned definition hole SM20-45 was designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth. Definition Diamond Drill Hole SM20-45 was drilled at a dip or angle of -63 degrees for a planned total drilled length of 120 meters and designed to hit the targeted zone at -75 meters below surface. Unfortunately, the hole was successful in hitting the targeted Footwall zone at 71.60 meters to 78.00 meters but a mined-out void from a previous bulk sample was encountered, thus the hole was terminated at 78.00 meters.

The buildup of the Santa Maria Footwall Structure was encountered before the mined-out area and reported 42.50 g/t Ag Eq with 0.16 g/t Au over the 6.40 meters. Higher grade intervals included 50.23 g/t Ag Eq with 0.23 g/r Au over 0.60 meters and 67.77 g/t Ag Eq and 0.19 g/t Au over 1.70 meters. Previously reported, definition drill hole SM20 - 42, located 300 meters to the west reported gold - silver values while hole 43, 75 meters to the west reported silver, with little to no gold and Hole SM20 - 44 reported high gold with silver values have been intercepted. As you can see below the shallow intercept hit a silver - gold mineralized gradient. These important abrupt changes from one domain to another will be inputted into the data base for modeling to determine the effect gold emplacement has with depth.

Planned definition hole SM20-46 was once again designed to fill in a drill poor gap in the past resource area. Of interest to note is the lack of or decrease of gold values found in previous drilling to the east and at depth. Definition Diamond Drill Hole SM20-45 was drilled at a steep dip or angle of -80 degrees for a planned total drilled length of 120 meters, with the actual cored drill core length of 147meters and designed to hit the targeted zone at -95 meters below surface.

A shallow hydrothermal breccia anomalous in silver was encountered from 6.80 - 10.10 meters followed by the targeted Santa Maria footwall structure from 96.75 meters - 99.50 meters which reported 29.22 g/t Ag Eq with anomalous gold values, in a reddish brown, quartz cemented, oxide hydrothermal breccia that displayed vuggy textures, boxwork microstructures.

Hole SM20-45 was successful in determining the exact location of the beginning of the Santa Maria footwall structure. These values along with the stope or mined out area void will be modeled and added into the data base thus providing valuable information in this drill poor area.

SM20-46 was once again successful in hitting the targeted Santa Maria footwall structure from 96.75 meters - 99.50 meters and reported 29.22 g/t Ag Eq with anomalous gold values, in a reddish brown, quartz cemented, oxide hydrothermal breccia that displayed vuggy textures, boxwork microstructures. Both these holes were only anomalous in gold. Reported previously, definition drill hole SM20-42 located approximately 300 meters west of hole 45 being reported, hole 42 reports gold values with lesser silver values while in hole SM20-43, 75 meters to the west we have a silver domain with little to gold while on drill section 44 we have a gold - silver domain and now silver - gold.

In 325 meters something has changed to the system, perhaps going from a hydrothermal system to a epithermal system back to a hydrothermal system and back again or perhaps blocks moved up and down? This will be further investigated. Definition diamond drill hole SM20-47 is located approximately 25 meters to the east and designed to test the structure horizon at depth and at the same vertical level of that of hole SM20-44 and in fill the lack of drill pierce points into the structure at this depth.