Day: February 6, 2018

“We are very pleased with the drill results from the Chirumbo area to the east of the Elena Tolosa mine as they show grade continuity and further extension of the main Avino vein to the northeast. The results from Guadalupe and San Juventino demonstrate additional mineralization between the current mining areas at Elena Tolosa and the San Gonzalo mines. These are longer-term targets that warrant further investigation and drilling.”

Alain Charest, Vice President Exploration, Mexico commented, “Cuale is one of the most exciting grass-roots exploration projects to have surfaced in Mexico in recent history and securing the land position was paramount. High sulphidation oxidized systems are rare in Mexico. Three known deposits are Goldcorp’s El Sauzal (1.9 million ounces gold), Alamos Gold’s Mulatos (5.0 million ounces gold) and Agnico Eagle’s La India (3.0 million ounces gold) and they serve as good indicators of the potential of this deposit style.1 High sulphidation gold deposits are known for their low cost, large scale and long mine life.”