“This is a very large system with this initial drilling testing an initial 630 meters of a combined 11 kms of vein strike on the property with all veins open along strike.”
Peter Hawley, President, CEO reports; “As mentioned before, the past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling, and finally surface mapping and sampling, has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed. This massive input of data has led our stream lined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.”
Dan Dickson, CEO, commented, “Guanacevi delivered exceptional exploration results in each of the past two years, and we expect this track record to continue. The drill results announced today are amongst some of the highest-grade intercepts we have seen at Guanacevi to date.”
“This work program was successful in gathering significant information pertaining to the historic resource, expanding the Footprint, and highlighting the potential for further growth. Our objective is to delineate an initial mineral resource estimate and, while work remains to achieve this objective, we are encouraged by the initial results at Picacho.”
“We are very pleased to get the trench results confirming the high-grade nature of mineralization at Las Trancas” stated Steve Robertson, President & CEO of Infinitum Copper. “I continue to be impressed by the indications of the size of the system at La Adelita.”
“It is encouraging to be getting high Gold grade samples in El Sombrero similar to the Main Zone. Additionally, it is very good news to be getting strong Copper, Silver, Lead and Zinc grades, which confirms what the geological team interpreted that the El Sombrero area includes at least 3 different stages of mineralization.”
Chris Wright, Chairman & CEO, commented, “The recent drill results from Lucita are the first known drill holes into the central Lucita project area and demonstrate the significant exploration potential in the Zacatecas mining district. For a first-pass exploration program, vein-hosted results grading over 3 kilograms per tonne silver highlight the need for continued exploration to define the true potential of the system.”
“Following on from the excellent high-grade maiden JORC resource at El Refugio, dry season work has expanded drill targets along strike from El Refugio and in other parts of the district. Diamond core drilling will focus on expansion of the El Refugio resource which is open at depth and to the west as well as testing targets further along strike.”
Dr. Chris Wilson, Chief Operating Officer and a Director of Zacatecas comments, “Our acquisition of the Esperanza Gold Project is a tremendous step in moving Zacatecas towards becoming a serious precious metals producer. The Esperanza Gold Project represents one of the best undeveloped open pit deposits in Mexico and will complement our high-grade silver resource Zacatecas Properties, where the recent high grade discovery at Panuco North has added a compelling new component to our ongoing exploration.”
“The first down dip holes on the El Tigre Vein at the historic mine are delivering high grade silver intercepts within a broad mineralized zone. These first holes are shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from surface.”
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