“With the extremely high-grade intercept in hole CDH-072 we have confirmed the bonanza grades El Cometa intercepted by the historic drilling (UC-03) and further developed the model for the complex El Cometa vein system. The model will guide future exploration in this structure which extends 2km east to Los Reyes. Our deeper drilling to extend the eastern side of the El Refugio clavo has shown excellent continuity intercepting multiple veins.”

Tarachi VP and Director Lorne Warner commented: “The results in JAB-21-14 confirmed that the underground diamond drilling and surface reverse circulation drilling programs returned similar assay results.”

“We are excited about the future prospects for Jackie given the lack of historical exploration and the intense silicate and oxide alteration with high-grade precious metal values ranging up to 9.65 g/t Au and 515 g/t Ag identified in the target area anomaly which will provide the main focus for the new program,” said Greg Davison, Silver Spruce VP Exploration.

“The results from the 2021 surface drilling program at the La Colorada Vein are very encouraging. La Colorada, together with the San Juan and Yecora veins, continue to deliver near surface, high-grade silver and gold results over significant widths. These results are being incorporated into the maiden San Juan Area resource estimation, expanding the mineralized zones along strike and down dip.”

Greg McKenzie, President and CEO commented: “These drill results are very encouraging, proving our concept that the large bulk tonnage underground targets are prime for expansion.”