Heliostar CEO, Charles Funk, commented, “La Colorada has long been a successful mine that helped build El Dorado Gold in 1990s and Argonaut Gold in the 2010s. It has operated profitably over its history and has reserves to support growth. Mining ceased in 2023 when stripping to expand the pit was not completed. This pre-strip is now a capital project and the opportunity to restart is a priority for Heliostar in 2025.”

“Over the past two-years, our focus has been on processing Pinguico’s low grade above ground historical stockpiles; preparing to expand the Level 4 access corridor and drive toward the historical underground stockpile; drilling the near surface San Jose and El Pinguico vein structures; and drilling towards the conceptual target of the probable intersection of the regional Veta Madre structure and the historically high-grade El Pinguico vein.”

Tim Warman, Atacama’s CEO, commented: “These wide-spaced, expansion holes at Los Ingleses confirm the presence of high-grade mineralization on the eastern edge of the planned grid drilling, indicating the start of another high-grade shoot plunging to the east. This is an excellent start for expansion on a second vein system. More drilling will be required to extend the mineralization and add to the overall resource along the identified plunge.”

Thomas Atkins, President and CEO of Mammoth Resources commented on the Valesco exploration target study, stating: “It’s interesting and a welcome confirmation to see an independent study arrive at a similar target for further exploration to that which Mammoth determined from its own study of this target. This independently studied target similarly exceeds a million ounces of gold equivalent mineralization in the shallow to near-surface, oxidized-sulfide/transition zone mineralized horizon at Tenoriba.”

James Anderson, Chairman & CEO, said, “Our exploration programs continue to align with our production goals as we look to use our exploration successes to support our mid to long-term production growth. The district scale potential of the substantial Veta Madre system in Guanajuato remains the focus of our efforts; we are privileged to have the opportunity to run advanced exploration programs within the heart of one of Mexico’s richest silver mining camps.”

Greg McKenzie, President and CEO, commented: “We are pleased with the high-grade results from the La Estrella and San Rafael Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 175 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate.”