Day: July 7, 2022

Zacatecas Reports Multiple High Grade Silver Drill Intercepts from Initial Drilling at El Cristo Including Oxide Zone Intercepts of 9.53m at 175 g/t AgEq in Hole CRI-2022-001 and 0.65m at 829 g/t AgEq in Hole CRI-2022-005

“Drilling by Zacatecas has only tested small areas of the overall vein system to very shallow depths. That the first thirteen holes intersected a robust silver-equivalent grades over down-hole intercept of up to 9.56 meters is very encouraging. The system is open in all directions across multiple veins.”

GSilver Increases Debt and Equity Financing Package to US$15.3M

The Financing will now consist of a total of up to 40,300,000 subscription receipts at a price of C$0.33 (equivalent to approximately US$0.256) per Subscription Receipt for gross proceeds of up to C$13,299,000 (equivalent to approximately US$10.3 million), subject to the Agents’ option to increase the size of the Financing by up to an additional 15% or 6,045,000 Subscription Receipts at any time up to 48 hours prior to closing of the Financing.

Golden Minerals Discovers Multiple New Veins at Yoquivo Gold-Silver Project

“The discovery of multiple, previously unknown, high-grade gold-silver structures, particularly the Camila vein, demonstrates that there is also significant potential at Yoquivo to discover additional high-grade structures on the property. The current drill program is expected to allow us to report an initial gold-silver resource on the property later this year,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.

Torex Gold Reports Results of Expansion Drilling Within Media Luna Cluster

Jody Kuzenko, President & CEO stated: “A key pillar of the Torex strategy is a renewed focus on drilling and exploration, and our latest drilling results at the Media Luna Cluster reinforce our positive outlook on our ability to complement future production at Media Luna. With the construction of the project well underway, we are stepping out beyond the existing mine resource footprint on the south side of the Balsas River, testing extensions of the Media Luna and EPO deposits, conducting initial drilling at previously identified targets, and identifying new exploration targets – all with the aim of demonstrating the underlying resource potential of the Morelos Property.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.