Kootenay Silver Inc. is pleased to announce that Aztec Minerals Corp. has reported that the Aztec / Kootenay Joint Venture has completed the first 14 holes totaling 2,810.6 metres of the current 5,000 m, 22-hole Phase 2 reverse circulation drill program at the Cervantes Property located in Sonora State, 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.”
“2021 was a transformative year for Vizsla both at the project level and on the corporate side. At Panuco, approximately 100,000 meters of new diamond drilling led to the discovery of several new high-grade veins, ultimately advancing the newly consolidated project to the resource drilling stage. On the corporate side, Vizsla successfully raised over C$70M in equity financings to fund ongoing exploration and development at Panuco and exercised its property earn- in agreements to take 100% controlling ownership of the district.”
“We are pleased with this first set of results from the second phase of drilling at Yoquivo. Hole two demonstrates the potential for the Pertenencia vein to host significant high-grade mineralization, and we’re also excited about hole four which hit multiple high-grade veins suggesting there may be additional blind veins to be found on the property.”
“Despite experiencing three months of delays at the labs processing our tailings assays and metallurgical work, we were still able to drill out the basin and complete our Magistral PEA and mineral resource estimate less than a year since acquiring the project.”
“When we began the year, a very aggressive production target of 55-65K ozs was set – aggressive considering we were in the process of re-establishing production and ramping up at San Francisco. I am proud of the team as they exceeded our production targets in what was a challenging year industry-wide.”
The primary objectives of the 2021 – 2022 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia pipe potential of Purisima East.
“Our prospect generation business generated a tremendous amount of exploration activity, and we are encouraged by the work completed by our partners. Orogen’s geologists have also assessed prospects in western United States, British Columbia and Mexico, providing a pipeline of future opportunities for exploration partnerships.”
“We are encouraged to see the increased throughput at the Fresnillo owned plants in the last quarter” said George Paspalas, MAG Silver’s President and CEO. “The ability to utilize capacity at their plants when available to process Juanicipio material, helps us minimize any impact on this year’s cashflow while we await the electrical tie-in.”
“The drilling program at Mololoa is providing us with some of our highest grades we’ve seen on the project, up to 8 kilos of silver equivalent per tonne in hole 90,” said Brad Langille, President and CEO
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