Ridgestone Mining Inc. is pleased to announce it has received all of the requisite permits for a maiden drill program on the El Cobre copper target at it’s wholly-owned Rebeico copper-gold project in Sonora, Mexico.
Capitan Mining Inc. is pleased to report results for five reverse-circulation drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.
Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company’s new 28-person Brasiles exploration camp and its custom-built Hydracore 5000 Max diamond drill.
“With these final drill holes, we’ve reached the data cut-off for our initial Los Ricos North mineral resource estimate, which we expect to release shortly. While the data cut-off for the resources has been hit, the drills continue to progress on the next 100,000 metres which is budgeted for the Los Ricos district through 2022,” said Brad Langille, President and CEO.
Rockland’s CEO, Mike England stated “The Elektra Lithium Project acquisition represents a decisive move into the battery metal sector for Rockland, in addition to our gold exploration projects. With global lithium demand expected to quadruple by 2025, and with claystone lithium deposits recognized as a significant near-term lithium production source, the acquisition of the Elektra Project is a rare opportunity.”
“As we look to continue the advancement of our Pilar Project we are equally excited to begin exploration at El Picacho.” commented VP Exploration, Brodie Sutherland.
“These latest assay results demonstrate the continued exploration potential of the CLM project with drilling at the North Felsite target showing a potential promising extension to the already significant mineral resources identified in the La Bocona deposit while new target areas such as those on the EL Sol concession continue to be developed. Drilling continues and further assay results are anticipated over the coming weeks.”
“This is the first drill program on the property in seven years and we are excited to be embarking on a new chapter of exploration at La Joya,” said Mike Romanik, president of Silver Dollar.
Sean Roosen, CEO of Osisko Development commented, “These initial results and geologic interpretation from Sapuchi, give us strong confidence in the potential to build the resources significantly within the property. With this confirmation and exploration drilling, we expect to have a resource estimation in the following months.”
Canasil Resources Inc. announces plans for mobilization and resumption of core drilling at the Nora silver-gold project in north-central Durango State, Mexico.
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