Year: 2023

James Anderson, Chairman & CEO said, “The past producing El Horcon mine is ideally situated to become a satellite mining operation that could significantly expand Guanajuato Silver’s production profile. The El Horcon mine fits well within our strategy of further consolidating the Guanajuato mining district as we look to take advantage of the excess processing capacity of our two operating mills in the area. In addition to being able to immediately access low-cost mineralized material from the existing stockpile, we are confident that the development programs we have planned for 2024 will add value to El Horcon and allow us to rapidly advance this exciting project.”

Dan Dickson, CEO, commented, “Our track record of exploration success has sustained operations at Bolañitos for over 16 years. Ongoing exploration results demonstrate our commitment to targeted and cost-effective brownfields exploration, which has been successfully extending mine life in this historically rich district. We continue to make progress year over year in understanding the regional mineralization system and remaining prospectivity at Bolañitos.”

“At the beginning of this year Heliostar set out to transform the Ana Paula Project into a deposit that will support a high-margin, underground gold mine. Today’s updated resource estimate is a major milestone on this rapid path of growth and de-risking toward production. In acquiring the project, the Company saw three key levers to improve the deposit; increases in both resource size and grade, enhanced gold recoveries and higher upfront mining grades. Today’s resource estimate, coupled with the Company’s recent metallurgical results have firmly delivered on each lever.”

Kootenay’s President & CEO, James McDonald states, “We are pleased that our planned drilling is intersecting D Vein consistently at expected target depths with a 100% hit rate to date for the D Vein. The widths and grades we are seeing at D Vein are extremely encouraging and support our belief in the potential of defining a significantly sized silver resource. We are also starting to intersect additional mineralized veins flanking the main mineralized vein.”

Ian McGavney, President & CEO of Colibri commented: We are very pleased with these new results which significantly expands the footprint of known mineralization on the Diamante II concession. We will be continuing this early stage exploration approach and anticipate that further geological mapping, prospecting, and continued evaluation of historical showings will provide the structural and alteration framework in which to interpret the extensive epithermal mineralization system evident on the property.”