Category: Exploration and Development

The Company has planned a four to five-month exploration program that will include comprehensive mapping and extensive sampling of the concession to define drill targets. A LIDAR survey to obtain detailed topography and identify historic mine prospects and structural trends is also planned for the near future.

Rick Trotman, President and CEO of Barksdale commented, “The drill results continue to demonstrate that the Cerro Verde zone has significant shallow copper mineralization. The final results from the drilling program, which are primarily step-out holes to the west and south, are expected to be released within the next few weeks, at which point we can complete our resource estimation for Cerro Verde.”

Vizsla President and CEO Michael Konnert commented: “These results are an incredible start to 2022 for Vizsla. While drilling the northeast extents of Tajitos we intersected a new, nearly flat lying vein within the Tajitos hanging wall. This new ‘Copala Vein’ is marked by several near-surface high-grade silver and gold intercepts contained within a broad mineralized envelope up to eighty meters wide.”

“We have embarked on the next 100,000 metres of drilling which is primarily focused on continued resource expansion and look forward to many more excellent drilling results such as these at El Favor East. We anticipate that in 2022 we will continue to grow the ounces in the Los Ricos district significantly as we did in 2021.”

Hole SM20-49 was successful, once again, not only in the infill of a drill poor area, intercepting 190.33 g/t Ag Eq silver mineralization over 7.80 meters, but following the vertical down plunge of the Santa Maria footwall breccia structure by -190 meters from hole SM20-47 above which reported 13.10 meters of mineralization and hole SM20-48, 50 meters east and plus 15 meters in elevation which returned 24.50 meters of 110.81 g/t Ag Eq. These intercepts will certainly enhance the silver resources in this area.

“The results from our trench program are very encouraging, especially in regard to defining key material for advanced metallurgical studies and showcasing the surface continuity of gold values.”, commented CEO, Brodie Sutherland.

“Building on the excellent high-grade gold and silver maiden resource estimate, the high recoveries of gold and silver from the flotation tests again demonstrates the attractive project metrics for our Copalquin District in Mexico. As our study work progresses to optimise a future development at El Refugio, we continue our exploration efforts to expand the current resource with two drill holes (CDH-101 &102) confirming mineralised extension 160m west.”

GR Silver Mining President and CEO, Marcio Fonseca commented “The first drill results from our resource expansion program at San Marcial have proven the consistency and continuity of the Ag-rich San Marcial Breccia mineralization, along strike and down dip.”

Notably, the best intersection in the 2021 drill program was returned by drill hole N008: a true thickness of 328.3 m of 0.45% Copper Equivalent.

“Drilling at Platosa following up on the 817 Zone has defined vertically-oriented, high-grade mineralization over approximately 30 metres of strike and 30 metres of vertical extent,” stated Jorge Ortega, Vice President Exploration. “The proximity of existing infrastructure should allow access to this zone in the coming months and supplement first and second quarter production.”