Category: Exploration and Development

Jonathan George, Ridgestone’s CEO and Director, commented, “The IP and resistivity survey has outlined a strong anomaly which is very pronounced at the Elena concession. Given the significant copper intersected from drilling on the New Year Zone and Alaska Vein, in addition to the high-grade surface samples from the Elena concession, we are highly encouraged about the potential for a significant copper system at Rebeico.”

Brad Marwood, Managing Director of CZL advised “The Plomosas operation and project teams have produced excellent work in a difficult environment impacted by the COVID-19 pandemic, a severe winter storm across Texas and northern Mexico closing the USA and Mexico roads and ground traffic for days at a time.”

Ralph Shearing, Telson CEO and President, stated “These strong first quarter results continue to reflect our steady progression of improving the throughput and recoveries at Campo Morado. To this end, management intends to initiate a rigorous metallurgical testing program to advance through second phase testing the Leachox Process of Maelgwyn Mineral Services and the Albion Process of Core Group, both of which returned positive test results in first phase testing.”

“The results released today confirm the new vein corridors recently identified by mapping are mineralized and carry similar grade to our Main Zone,” commented VP Exploration, Brodie Sutherland. “Our next phase of drilling will begin later this month. Not only do we have follow-up work to continue at our Main Zone with the recent surface exploration results we have no shortage of targets to test, especially along the 4 Trench Extension and the new Triple Vein Zone.”

“We are very pleased with the results of this sampling and mapping program, which are greatly encouraging for the potential of the project. We were particularly pleased to see that the results confirm our interpretation that there is a continuation of silver and base metals mineralisation and historic mining within the Nueva Andromeda permit area, with the total strike length now increased by a further 20-30% for the San Celso Project.”

Silver Tiger’s CEO, Glenn Jessome, stated, “The first drill holes following up on the discovery of the Benjamin Vein in January have delivered wide zones of high grade silver mineralization. The discovery on the Benjamin Vein is located 1.25 kilometers north of the discovery announced in February of the high grade Footwall Zone in the Sooy Vein, with both discoveries in the Flat formation kilometers apart. The Benjamin Vein appears to be the northern extension of the Sooy Vein.”

Vizsla President and CEO Michael Konnert commented: “Napoleon is rapidly growing into a large body of mineralization with excellent widths and high grades. This area is the primary focus of our exploration, and with four rigs on the greater than two-kilometre-long vein, we can look forward to more results that may extend the strike and depth of this vein.

“At this early stage, we have extended the margins of known deposits, and the gold and silver grades encountered appear consistent with current resource grades. Drilling also gathered silver assay data in an area of the Project where limited silver assaying had occurred historically and was potentially underrepresented in our current resource.”

The high silver values and the broader zone of anomalous silver zone are considered to represent the upper extents of deeper vein system along strike from SilverCrest Metal’s El Picacho Project.

Jody Kuzenko, President & CEO of Torex, stated: “We are very pleased to have the approval of the MIA modification in hand, which is a permitting milestone for the execution of our Media Luna early works program. While we had been permitted for early works activities on the north side of the Balsas River, this amendment extends permit boundaries and allows for the construction of key infrastructure on the south side of the river.”