Year: 2020

GR Silver Mining President and CEO, Marcio Fonseca, commented, “These results confirm continuity of the Plomosas Mine Area mineralized system, extending at least 700 m along strike to the NW. Additionally, our recent surface exploration work has provided evidence that the mineralized footprint extends beyond the existing drilled areas. The definition of silver-gold rich mineralized zones close to the surface represents potential for the delineation of shallow resources at the Plomosas Mine Area”.

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the initial drill results as they confirm the previously reported grades and modeled continuity of the deposit. We are particularly excited about drill hole 002, as this appears to indicate that there is good opportunity to expand the high-grade mineralization to the southwest, further supporting the potential development of the project.”

Arturo Bonillas, President and Chief Executive Officer of Magna, notes that: “Los Muertos exactly fits into our exploration pipeline profile. We understand the regional and local geology, and we are excited with the potential of Los Muertos given the project’s easy access, demonstrated mineral showings, and good geophysics. Los Muertos is drill-ready, and we plan to complete target confirmation and begin drilling as soon as possible. Magna is in an excellent cash and cash-flow position due to its well performing San Francisco mine, also located in the Sonora-Mojave Megashear.”