Rob Macdonald, Vice President Exploration stated: “The identification of a significant new lens of mineralization on the north side of the Cerro highlights the continued exploration potential of the property.”
“The results from the first phase of early operations at the Santana project continue to impress. Gold extraction kinetics demonstrated to date underscore both the rapid leaching and strong recoveries achievable at Santana,” stated Darren Koningen, CEO.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “We are extremely pleased to have all the statutory and local permits now in place for our three Mexico projects.”
“The Loma Dorada – La Colorada Vein System appears increasingly to be a swarm of sub-parallel NW-NNW trending Au and Ag mineralized veins. Results from the 2021 exploration program at the Loma Dorada target indicate that several of the vein structures have strong continuity, over a strike length that has increased to approximately 600 m and are still open to the south.”
“Our initial Phase 2 drill holes have been focused on upgrade drilling within the very large open pit outlined in our Preliminary Economic Assessment in late 2021. The drill results in today’s release intercepted broad zones of higher-grade mineralization within the pit outline and will enhance the resource definition for our PFS which we anticipate delivering later this year.”
Drilling is starting at the Shear zone at Big Pit within the Main Zone with 6 planned holes; then will move down to Pique Viejo for 3 holes focused on the steep-dipping high-grade quartz veining recently identified in sampling, including drilling a steeply dipping vein where a channel sample returned 93.9 g/t gold.
Peter Hawley, President, CEO reports; “The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling and finally surface mapping and sampling has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed.”
“The wide intercept in Hole 288 in the black shale continues to strengthen our hypothesis that the evolving shale horizon is mineralized where the high-grade quartz veins pass through it.”
“We are very encouraged by the widespread anomalous gold assays, the longer intercepts of moderate to low grade mineralization, and the local occurrence of high-grade gold. The drill program has very successfully built upon the surface exploration programs completed since 2019 and will provide an invaluable basis as we continue to explore the property and plan for further drilling”
Eight diamond drill holes (Z21-14, Z21-38 to 41, Z21-43, 44 and 46) were drilled with IMPACT’s man portable rig to test the mineralization below and to the south of the operating open pit for a total of 1221 meters.
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