Silver Pony Hits Galena-Pyrite Veining in All Three Revelstoke Holes; Surface Samples Up to 1,610 g/t Ag
PONIF has more than doubled off its 52-week low of $0.064.
Summary
Silver Pony's first three holes on the Revelstoke Trend all intersected galena-pyrite vein breccias at the predicted marble-schist contacts, confirming the geological model. Surface grab samples returned up to 1,610 g/t silver from the northwest trend and 442 g/t silver just 40 meters from the drill pad, with lead values exceeding 15%. These are visual observations and grab samples, not drill assays, but the consistency of galena with elevated silver across all datasets is a strong early indicator. Assays for the first five holes are pending, and hole SP-26-008 is now drilling 200 meters away to test the same contacts at depth.
At the time of this announcement, PONIF was trading at $0.14 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $697.1K. The 52-week trading range was $0.06 to $0.76. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.