Galore Resources Inc. is pleased to announce that diamond drilling at the Company’s San Jose Prospect commenced and the initial results observed from the field are promising.
James McDonald President and CEO of Kootenay Silver says “The current drill program on the Cervantes project is off to a great start with the best hole drilled to date. We are looking forward to the remainder of the drill holes results.”
“All drill results remain consistent the with ramp-up expectations and position our mining operations at El Cubo to continue the current trajectory of delivering rising tonnage, grade, recoveries, and revenue from precious metals concentrate sales.”
“After an approximate 4-year drilling hiatus at Cervantes, our initial California zone drill results in 2022 have not disappointed. The first hole at California zone, where we are targeting potential open pit heap leachable gold mineralization, has returned strong grades over broad widths and has further expanded the gold mineralized zone, still open to the north.”
Capitan’s CEO, Alberto Orozco, stated: “I am particularly excited for the results of hole 21-JMRC-01, which confirm the continuity of high-grade silver mineralization from surface trenching. This high-grade zone has only been drill tested to shallow-depths, and remains open to expansion down-plunge.”
“This second set of drill results from Yoquivo continues to show high grades from the Pertenencia vein and the high-grade zone is open to the south,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.
Alan Pangbourne, President & CEO, states: “We are very pleased to see that these 5 infill holes continue to support our belief that the intrusive continues to be materially higher grade than previously modeled and should have a very positive impact on the new block model, mine plan and PFS. We expect to complete this infill drilling program by the end of March.”
“The Fernandez Zone clearly demonstrates higher grades as depth increases, and consistently showcases very broad intervals of mineralization”.
“Although the results of JES-22-59 are visual at this stage, the direct correlation with assays results in the twin RC hole JES-20-32, indicate our Main Zone is hosted within a mineralized breccia.”, commented CEO, Brodie Sutherland.
The company expects to commence fieldwork on the La Texana Concession within the month. The fieldwork will entail detailed geological and structural mapping and rock sampling of the entire concession and take approximately 45 days to complete.
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