Mithril CEO and Managing Director, John Skeet, commented: “Whilst the program of deep holes at El Refugio was technically challenging to complete, we have successfully confirmed the significant depth potential of the major El Refugio upwelling feeder structure.”
Chris Lodder, President of Osisko Development commented, “The addition of this new resource further strengthens our portfolio for near term advancement and towards possible production. Osisko Development has made considerable progress at San Antonio in the past year with the construction of the leach pad, near term processing of the stockpile and completion of a drill program to generate this initial resource. The Company believes there is potential to add to the mineral resource through continued exploration and drilling on the property.”
Capitan’s CEO, Alberto Orozco, stated: “Our understanding of the silver potential at the Cruz de Plata has grown greatly since our drilling started in the Jesus Maria vein last year. We have not only demonstrated the scale potential for that vein by expanding on the main mineralized plunges within it, but have also identified additional structures or veins that hold further potential.”
Chief Executive Officer, Daniel Kunz comments, “We are highly encouraged by the continuing high-grade intercepts of open pit and underground gold-silver mineralization being encountered in our first two formal drill campaigns at Los Reyes. Today’s results further support the significance of the Z-T Structure at the western end of Los Reyes, from Mariposa to Tahonitas, which is now delineated over a strike length of 3 kilometres, a vertical extent of 200 to 300 metres and average thickness of 5 to 30 metres.”
“We are pleased to have expedited the earn-in requirements, signed the JV with Colibri and, with operating permits in place from SEMARNAT, look forward to undertaking our jointly funded trenching and drilling programs on our significant greenfield Au-Ag discovery,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.
“While we were unable to identify any significant mineralization in the area of the Brasiles Zone most proximate to the historical exploration activity, we were very encouraged by our initial results from the Brasiles West Zone,” stated Craig Dalziel, Oroco’s Executive Chairman.
“The recent discovery of a significant exposed gold mineralization system located within our greater Santa Rita concession area is extremely exciting and confirms our belief that the areas surrounding the Cerro de Oro project area are prime targets for the development of additional gold resources,” said Darren Koningen, CEO of Minera Alamos.
The second hole is directed at a shallow angle to the north and has been designed to intersect the high chargeability anomaly at depth, as well as a zone of circular concentric fracturing interpreted to represent an intrusive centre, all within the lithocap alteration footprint.
Orex’s President & CEO, Ben Whiting, P.Geo., states: “It is always exciting to start a new phase of exploration and diamond drilling is one of the most important steps. We and our joint venture partners look forward to advancing the Sandra Silver-Gold Project.”
GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “Our primary focus remains on delivering updated mineral resource estimates for the San Marcial and Plomosas Mine Areas in Q1|23. We cannot, however, ignore the rich potential of the wholly owned, 432 km2 Plomosas Project in its entirety, with several strong regional, northwest-trending structures that remain untested over a combined 75 km strike length. The results released today are an indicator of the potential of the project’s pipeline targets, which we will reveal going forward.”
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