Category: Exploration and Development

“After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling,” said Craig Gibson, President and CEO of Prismo. “The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks.”

“Over the last year we have seen a major advancement in our understanding of our Pilar and El Picacho projects.”, commented CEO, Brodie Sutherland. “We are excited to continue that advancement with the first large scale bulk sample at Pilar to further confirm the grade and recovery of gold and silver.”

“This is a unique opportunity to create a long-term partnership between two high quality mining companies working together to de-risk and optimize a world class VMS deposit in a premier mining jurisdiction,” added Ammar Al-Joundi, President and CEO of Agnico Eagle.

“ELG Underground has been a significant driver of Mineral Reserve and Resource growth over the last several years, and the latest results from the ongoing drill campaign continue to validate our positive outlook. We are excited about the long-term prospects of the ELG Underground given the potential to continue to grow higher grade reserves and resources while steadily increasing mining rates toward a target of 2,000 tonnes per day.”

“Our exploration team has done a remarkable job of delineating a large resource with notable growth potential in only four years. Our confidence in the geology has also improved, resulting in a large portion of the deposit now being classified as indicated resources,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.

“This drilling represents results from exploration from outside of our resource areas and are some of the first results from these new targets. These targets will require future drilling which will be aimed at developing future resources.”

Alan Pangbourne, President and CEO, commented “the metallurgical results to date confirm that the fresh core samples being tested from Metates will oxidize in a similar fashion to the first column. We are now focusing on optimizing the oxidation rate and achieving sufficient oxidation to achieve the targeted gold and silver recoveries.”

James Anderson, Chairman & CEO said, “Our geological teams are rapidly advancing our understanding of the large volume of mineralized material that remains accessible and available to be mined at Valenciana. With over 400-years of mining history, Valenciana is poised to begin a new chapter of growth, development, and expansion along one of the world’s most productive silver producing geological structures – the Veta Madre.”

“The data clearly shows that San Ramon is a high-priority target showcasing mineralization from surface to a minimum depth of 60-meters, over a 500-meter trend and open in all directions.”, commented CEO, Brodie Sutherland.

Silver Tiger’s CEO, Glenn Jessome, stated, “The wide, high-grade drill intercepts in Drill Hole 395 represent a new deep extension of the El Tigre Vein more than 200 meters below where mining ceased. Drill Hole 395 is the first time we have hit high grade mineralization at this depth and the intercept is 1,000 meters Northwest of previous deep mining on the El Tigre Vein.”