Category: Exploration and Development

Mithril Resources – June 2021 Quarterly Activities Report

Exploration work in the Copalquin Gold-Silver District has continued to develop and expand the El Refugio discovery with multiple bonanza grade intercepts drilled, extension of the mineralised zone along strike and down-dip and expansive soil sampling program.

Almaden Announces Commencement of Prospect Drilling at Ixtaca

J. Duane Poliquin, Chairman of Almaden, stated, “The original Ixtaca discovery was made through clever geologic assembly of published information and on-the-ground observation of field data. This has resulted in the discovery of an economic gold-silver deposit as outlined in the Feasibility Study, with evidence (geologic, geochemical, geophysical) for the possibility of a similar deposit, as well as the possibility of deeper precious/base metal deposit(s). It is very exciting to return to prospect drilling of some of the blue sky targets that have been identified on this property.”

Tocvan Ventures Drills 15.3 meters of 1.1 g/t Au in New 4-Trench Extension Defines new mineralized trend over a 500 meter strike at Pilar

“Drilling along the 4-Trench extension target has defined a new trend over a 500m strike length immediately adjacent to our Main Zone”, commented VP Exploration, Brodie Sutherland. “We are seeing mineralization in every hole along the trend with grades above 1 g/t gold in holes JES-21-53 and JES-21-44, 100m apart. This first pass of drilling has started to unlock the potential of a new parallel trend to our Main Zone which we are excited to test in our next phase of drilling.”

Commander Options Pedro Gold Project, Durango Mexico, to Southern Empire Resources

Robert Cameron, President and CEO states: “Commander is pleased to welcome Southern Empire as a project partner on our Pedro Gold project. Our work since acquisition in 2016 has refined drill ready targets in this large epithermal-style gold target and through this agreement will see them drill tested. Furthermore, David Tupper, VPX for Southern Empire was the initial discoverer of Pedro and brings a wealth of knowledge and local experience to the project.”

Southern Empire Options Pedro Gold Project, México

David Tupper, Southern Empire’s Vice President of Exploration, stated: “Having been involved in the Pedro Gold Project discovery, I am very excited to get a second chance to work with Commander’s Rob Cameron and to return to the mineral-endowed Mapimí area to test targets I had to leave behind. Newmont’s 2014 drill program targeted Carlin-style mineralization in the Caracol Formation and did not test the potential for epithermal, bonanza-grade gold and silver mineralization, especially in the well-defined zones of silicification and brecciation.”

Update At Mexus’ Santa Elena Mine

Mexus Gold US announced that mining continues of the Vein 2 area at its mine located in Caborca, MX with impressing geologic findings including increasing metallic content at only 10 meters of depth. Surface values are from 0.3 g/ t gold and new values ranging from 4 to 12 g/t gold and increased silver from 3 g/t to 100 g/t silver.

Silver Spruce Provides Update on Phase 1 Drilling and Layne de Mexico Adds 2nd Drill at El Mezquite Au-Ag Project, Sonora, Mexico

“We are pleased that the arrival of a second drill at El Mezquite will allow Silver Spruce to complete our Phase 1 program by the end of July and permit all samples to be fully logged and submitted to the lab before the second week of August. The technical team has been expanded with additional geologists and samplers to expedite our progress,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

Southern Intersects Shallow High-Grade Silver at the South Skarn Target Including 1.4 Metres Averaging 719g/t Ag, 14.2% Pb and 16.0% Zn (1791g/t AgEq) at Cerro Las Minitas

These highlight intercepts from drill hole 21CLM-159 which were intersected less than 200 metres below surface, fill a significant gap between mineralization identified in this current 2020-21 drill campaign and that identified in the earlier 2012-13 drilling and help build continuity within the known mineralized zones identified at the South Skarn target. Current modelling has identified three panels of mineralization at the South Skarn target, the largest of which can now be traced laterally for approximately 400 metres and up to 580 metres down-dip.

Santana Project Operations Update

“Despite the challenging weather conditions since late June we have managed to complete the planned process plant commissioning and bring the leaching and recovery systems online at their design capacities. In addition, mining activities to open up the Nicho Norte pit have advanced to a point where we now have sufficient working area to transition to the larger equipment fleet planned for the ramp up to commercial operations.” stated Darren Koningen, CEO.

GoGold Drills 1,181 g/t AgEq over 1.7m within 38.1m of 186 g/t AgEq at El Orito in Los Ricos North

“We continue to see strong results from our drilling program at El Orito, with wide zones of good potentially bulk mineable grades surrounding higher grade intercepts,” said Brad Langille, President and CEO. “We are very excited to see that the targets located with our IP geophysical program are yielding great results from drilling, such as those seen in hole LRGO-21-052. We have many additional targets to test over the coming months.”

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