Mr Williams said Mr Sprott’s backing validated the “inherent value” in E2 Metals’ projects. Globally renowned commodity investor Mr Sprott backed E2 Metals in March this year by cornerstoning its $8.5 million placement, which saw him emerge as a major shareholder. In addition to El Rosillo, E2 Metals also has three other projects on the western part of the Rio Negro province: Vista Alegre, Ofelia, and Paredes. The deposit has 751 million ounces in contained silver resources. Navidad deposit and Rio Negro provinceĪccording to Canada-based Pan American Silver, Navidad is one of the world’s largest undeveloped silver deposits. “We believe that El Rosillo, which includes the broader district controlled 100% by E2 Metals, has all the hallmarks of a large intrusion-related gold system, with the potential for a major discovery heightened by the proximity to the Gastre Fault that hosts the world-class Navidad silver deposit.”ĭrilling has already begun at Prospect 37A, and the campaign is expected to take six weeks to complete, with assays anticipated four weeks from dispatch to the laboratory. Over at Prospect 38A, trenching unearthed 1m at 279g/t gold and 116g/t silver, while Prospect 38F and Prospect 38E returned 7m at 3.6g/t gold and 1.2m at 8.7g/t gold respectively.Į2 Metals managing director Todd Williams said the company was “excited” for the first drilling program at El Rosillo, which will further test the “spectacular grades and visible gold” identified in the trenching.
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