Year: 2021

“Exploration at Platosa continues to deliver compelling targets at a mine and regional level,” stated Ben Pullinger, SVP Geology & Corporate Development. “We are currently drilling regional discovery targets, with the Jaboncillo alteration zone representing a potentially larger-scale Platosa-style deposit and the PDN geophysical anomaly potentially representing a skarn-body associated with our Rincón del Caído discovery in 2012. Additionally, we continue to define the new 10-20 target, just south of the Mine, which has the potential to significantly increase the mineralized footprint at Platosa.”

“Today’s results confirm the impressive gold and silver mineralization at Pilar is open for expansion. Planning is well underway for our next phase of drilling that will continue to expand the areas of known mineralization and test other property wide targets, drilling deeper and farther out from our established Main Zone.”

Cameron Tymstra, CEO of Tarachi, commented: “The Company is incredibly fortunate to have secured such a desirable and game-changing asset. During our recent site visit, the whole team was impressed with the like-new condition of the plant and the proximity of the tailings materials which are right at the doorstep.”

“We have always had a strong belief in the large-scale potential of the Plomosas Project. We continue to outline new mineralized zones in the Plomosas Mine Area, with a series of compelling field and drill results indicating a much larger epithermal system. More recent geochemical and geophysical data, and vectors, suggest the mineralization within the Plomosas Project to be a district-scale system.”

Carlyle’s President and CEO, Morgan Good, commented, “We are extremely excited to report the initiation of our phase one drill campaign at The Cecilia Project. We have worked diligently with our partner Riverside since last summer to finance, plan and develop the exploration strategy.”