Category: Exploration and Development

Kootenay Silver’s President and CEO Mr. James McDonald stated “We are extremely pleased with the new results from Columba. Each of the holes was designed to extend the F and D veins beyond previous drilling, in some cases returning high silver grades which we expect from this project. As work continues to discover high grade shoots at Columba, we see increasing potential to identify a significant silver resource.”

Mel Herdrick, Sonoro’s VP Exploration, commented, “The data is a good example of continuity of gold mineralization which is coincident with the normal vertical and lateral variations we see when drilling. This detailed program also provided quality and unbiased sampling of the vein and part of the exposed mineralized wall allowing a more complete evaluation of gold mineralized volumes in this area.”

Laurence Pryer, VP Exploration at Orogen commented, “La Verdad was identified by Orogen’s technical team using our proprietary regional databases. The property offers excellent opportunity for discovery with several geological similarities to Ermitaño, which was identified by Orogen in 2015 (P&P reserves of 337 Koz gold and 4.9 Moz silver). La Verdad and other projects being generated by our technical teams illustrate Orogen’s commitment to organic royalty generation as a pathway to value creation.”

“The Copala Vein, located just north of Tajitos, has now become our primary focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO. “Nowhere else in the district have we observed such high precious metals grades over such broad intervals, located just below surface.”

Chris Wright, Chairman & CEO, stated: “Our team has been successful at identifying both near-surface and high-grade, vein-hosted silver mineralization, as well as a blind silver-rich zone that is over 45 metres wide, encountered in hole DDLU-22-10. The drilling within the central Lucita license area has demonstrated the continuity of the Palenque vein system over a 4 km vein corridor. This vein system represents an emerging discovery in a world-class silver mining district.”

GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “The discovery of wide, high-grade silver mineralization in this new area is not only evidence of the Plomosas Project’s exploration potential, but also testament to the efficacy of the exploration model developed by our geologists. They have clearly ‘dialed in’, hitting impressive mineralization on a blind target guided by modern exploration tools and concepts.”

James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “While we are highly disappointed with the news from San Celso meaning we have not secured access to advance the project as previously planned, we are encouraged by the anomalous results from the Donovan 2 assays, even though they lack any single assays that investors may deem ‘economic’.”

Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to commence our plan to drill holes to intersect the Palos Verdes vein at significantly deeper levels than the previous drilling. We will be able to test the vein several hundred meters underneath the surface exposures.”