Category: Exploration and Development

Colibri Resource Corporation is pleased to report that the Company has resumed exploration at the Evelyn Gold Property. Company geologists have recently mobilized to the property and are currently collecting soil samples.

Chris Wright, Chairman & CEO, commented: “We continue to be encouraged by the expanding envelope of mineralization well outside the limits of the current resource area. The mineralized body encountered by high-grade drill holes DDSA-21-36 & 37 and then further at depth with hole DDSA-22-52 clearly demonstrates the strength of the mineral system and the exploration potential at depth outside of the current resource area.”

“The phase II drill program was successful in expanding the dimensions of the Brazo structure in both strike directions and at depth,” said Mike Romanik, president of Silver Dollar. “Interpretation of the drill results is being integrated with the geophysics and surface work to propose the next steps to expand on the Brazo mineralization and test for similar style mineralization proximal to and around the Coloradito intrusive contact. The drill remains on site and can be mobilized quickly.”

Silver Tiger’s CEO, Glenn Jessome, stated, “These next three wide consistently mineralized high grade holes confirm the new discovery in the El Tigre Vein we first reported in September 2022. Drilling continues on this exploration target under the unmined portion of the Historic El Tigre Mine as we follow this wide high grade along strike to the North.”

Richard Lock, CEO, commented: “The continued confirmation and expansion of the Gradeshell with higher grade, shallow seated mineralization is a positive step in achieving our goal of delineating an economic resource of near-surface mineralization amenable to open-pit mining.”

“Exploration continues outboard of the major resource centers outlined in the March 2022 MRE,” commented Michael Konnert, President and CEO. “La Luisa is one of several newly discovered prospects in the western portion of the Panuco District that hosts significant potential to add resources.”

Aztec CEO, Simon Dyakowski commented, “After the successful RC drilling program earlier this year, the follow-up core drilling at California and nearby targets has successfully expanded the area of known gold mineralization.”

“The Angel Wing Metals team is excited to have acquired the 102 km2 La Reyna claim group as part of the district scale consolidation of the historic Aguilas de Oro mining district containing multiple alteration zones in a highly prospective underexplored part of the SMO, with it’s well-known mineral potential and mining history.”

Chief Executive Officer, Daniel Kunz commented, “The high-grade drill results reported today continue to confirm and expand the resource potential at Guadalupe by several hundred metres along strike, at depth and down plunge.”

Akiba Leisman, CEO of Mako states that “every single zone that we are targeting with our five rigs at Las Conchitas is hitting high grade mineralization over minable widths and shallow depths. These results, along with the high-grade results we announced earlier this month at the SW Pit immediately to the north of Las Conchitas, is clearly demonstrating the potential for a significantly larger resource.”