Month: January 2022

Zacatecas Silver Reports Filing of Technical Report to Support the Initial Inferred Mineral Resource Estimate of 16.4 Million Silver Equivalent Ounces at 187 g/t AgEq at the Panuco Deposit Including a Zone of 5.1 Million Silver Equivalent Ounces at 235.25 AgEq

The Technical Report titled “Independent NI 43-101 Technical Report, Zacatecas Properties, Zacatecas State, Mexico” dated January 28, 2022 supports the initial silver Mineral Resource Estimate at the Panuco Deposit within the Zacatecas Property.

GR Silver Mining Underground Drill Results Deliver Wide and High-grade Intervals, 38 m at 299 g/t Ag, Including 1,091 g/t Ag over 2.1 m and 1,002 g/t Ag over 3.5 m, Confirming Potential for Resource Expansion at San Marcial Area

“The latest drill results from the underground drilling program at San Marcial continue to impress, with the discovery of increasingly wide Ag intercepts at shallow depth. This result, combined with the recent high-grade, wide Ag intervals reported from drill hole SMI21-03, validates our model for the extension of the San Marcial Breccia Ag mineralization, along strike and down dip.”

Consolidated Zinc Quarterly Activities Report – December 2021

During the quarter 3,140 tonnes of ore were mined with 5,099 tonnes hauled to the surface at Plomosas. Mining at this rate is not sustainable due to high fixed costs at Plomosas however cost reductions did occur, some of which will be permanent.

Colibri Continues Phase 1 Drilling Program at Flagship Evelyn Gold Project

Ron Goguen, President & CEO of Colibri commented, “We are very pleased to have our team returning to the Evelyn Project and continuing to execute our drill plan. We will also be completing geological mapping in specific areas on the property to support our ongoing property wide interpretation and targeting for Phase 2 drilling. We are now receiving the assay results from the 3,122 metres of Phase 1 completed before the holidays and are compiling the data.”

Canasil Intersects 1.85 Metres with 5.49 g/t Gold and 432 g/t Silver (876 g/t AgEq*) Including 8.83 g/t Gold and 706 g/t Silver (1,411 g/t AgEq*) over 0.60 Metres at the Nora Project, Durango, Mexico

“The results from the second 2021 drill program on the Candy vein at Nora are consistent with previous drill holes with high gold and silver grades from multiple mineralized bands within a wide altered structure. The Candy vein structure remains open for expansion along strike and to depth, and with additional strong widespread geochemical anomalies still to be tested throughout the project area at Nora suggest the potential for a significant gold-silver mineralized system.”

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