“We are thrilled to have turned the corner to become a gold producer at our first mine in Mexico. It is truly a credit to the abilities of our technical group that we have managed to successfully complete this transition while dealing with all the challenges of the last 18 months as a result of the pandemic,” stated Darren Koningen, CEO.
“Despite a number of seasonal setbacks out of the Company’s control, we have successfully advanced our reconnaissance drill program, completing 5,500 m to date of the proposed 14,000 m program. We have delineated new epithermal systems in an extensive area outside of the previously announced mineral resources.”
“These results demonstrate excellent potential for the definition and development of high-grade resources at Columba. The D Vein now represents another area with multiple high-grade intercepts which increases the probability that Columba hosts a viable high grade silver resource.”
Vizsla President and CEO Michael Konnert commented: “Bold step-outs continue to deliver at Napoleon with a 200-metre increase to the south and a 500-metre panel of mineralization developing to the north at the Papayo Zone. At Tajitos, step-out drilling to the northeast continues to return consistent wide vein intersections suggesting the area could contain a much larger resource than previously considered.”
Peter J. Hawley, CEO and President, remarks, “We are pleased to announce additional drill assay results for surface diamond drill hole SM20-37 which is drilled at depth under drill fence SM20-28, SM20-29 and SM20-30. SM20-37 continued to intercept the previously encountered dike and related breccia, and clearly demonstrates gold, silver and base metal enrichment, such as lead, zinc and copper, along with grade and amounts of sulphides, each of which are increasing with depth.”
Tarachi CEO, Cameron Tymstra, commented: “The latest leaching results for Magistral strongly indicate our processing plant’s ability to leach and recover a significant portion of the contained value in the tailings material with minimal effort. We have always looked at Magistral as not just a means to generate significant cash flow for Tarachi, but to do so with one of the smallest carbon footprints per ounce of gold in the industry.”
“Strong drill results continue to demonstrate significant exploration upside at several of our mines and key pipeline projects. The 2021 exploration program is the most ambitious in Agnico Eagle’s 64-year history, as we investigate the full potential of existing operations and key projects in the Company’s pipeline,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
“Engaging MGA as Tahuehueto’s underground mining contractor is another milestone and brings our company closer to start production at Tahuehueto.”
The results from the drilling program are now being incorporated into the resource modelling for the Project to determine if a new Mineral Resource estimate is required.
Initial drilling will focus on the Noria portion of the La Joya property, where relogging and resampling of select historical drill core has been ongoing along with a targeted surface sampling and mapping program to refine drill collar locations. Drill hole collar locations have been selected, drill pad construction is in progress, and drilling is expected to commence shortly.
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