Year: 2018

Kootenay President and CEO James McDonald states, “We are very excited that drilling has extended silver mineralization for a full 1000 meters northwest of the La Cigarra resource. We are particularly enthused with holes 42 and 43, which are situated furthest from the resource boundary and carry the best grades indicating excellent potential for further resource expansion on strike. Moreover, the mineralization is shallow and projects to surface indicating potential for these intercepts to fall within an open pit shell. We look forward to providing further results from the current drill program as assays are received and compiled.”

Fred Stanford, President & CEO of Torex stated: “Enough has already been said about the disruption caused by this union representation challenge and associated illegal blockade. With the recent end of the blockade and now the end of the union representation challenge, we can move forward with an absolute focus on value creation for shareholders and all stakeholders.2018 promises to be a year of many catalysts and the entire team looks forward to delivering on the full value of the asset.”He added, – “Torex has always supported the legally sanctioned, democratic union selection process. We see this Los Mineros Union withdrawal from the union selection process as a tacit acknowledgement that the incumbent CTM Union has the support of the majority of union eligible employees.”

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “Our initial Phase III drill holes in the Babicanora Vein continue to intercept high– grade precious metal mineralization along a drill–tested strike length of 1.5 kilometres. The drill results from the southeast extension of the Babicanora Vein, known as Area 51, show further bonanza grades1, with increased size of the high–grade footprint. For H1 2018, we will continue expansion drilling of the Babicanora Vein, initial holes into Babi Sur Vein, and additional holes into the Las Chispas, Amethyst, Granaditas and other veins. We are systematically drilling only step out expansion holes and working towards an updated resource for Q3 2018.”

“It is great to see the Arista vein system’s mineralization expand again to the northwest and both up and down-dip within this swarm of veins,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. “The known veins in this area had previously pinched down in width and to see them begin to swell again to form a new ore-shoot, along with adding new additional veins, is exciting. We look forward to testing the extensions of both these known and yet to be named veins as the Arista Mine continues to grow.”