Category: Exploration and Development

“With only 9 holes reported to date, assay results are showing excellent continuity of the Jesus María vein and further definition of the Gully Fault zone. We have also identified new veins and mineralized zones in the footwall of the Jesús María vein, which we feel, demonstrates the significant potential to expanding this compelling silver opportunity at our Cruz de Plata project.”

Daniel Kunz, Prime’s Chief Executive Officer, commented: “Connecting open pit mineralization from Zapote North to Mariposa is an important development for the evolving Z-T Structure. This drilling has identified higher grade ore shoots of potentially open-pit mineable material with a focus on exploring the down dip extensions within known boiling zone elevations.”

GR Silver Mining Ltd. announces wide and high-grade silver results from its surface infill drilling program at the Plomosas Project in Sinaloa State, Mexico. These Ag-rich drilling results are part of the Phase I surface infill drilling program initiated in December 2021 at the Plomosas Mine Area, targeting intervals on the upper levels of the historical Plomosas underground mine where unsampled intervals of historical drill holes within the mineralized zone were assigned zero values, and hence affected the grade of model blocks, in the 2021 NI 43-101 mineral resource estimation.

With our drilling permit now in hand, Silver Spruce, along with our partner Colibri Resource Corp., look forward to awarding contracts for the initial 2,000 metres of reverse circulation (R/C) drilling on the first-priority targets at La Prieta, Calton, Pillado and Aguaje with El Chon-El Chon Oeste and Mezquite Raizudo next in line.

“The Au-As-Sb-Hg-Tl-Te geochemical suite associated with strong orpiment (As2S3) and realgar (AsS) mineralization observed in the Pedro drill core is, in part, indicative of Carlin-style gold deposits,” commented Dave Tupper, VP Exploration for Southern Empire. “When you also consider the lithology, stratigraphic and extensional tectonic geological setting of the Pedro Gold Project, the probability that the Pedro prospect is a Carlin-style gold occurrence becomes compelling.”

Alan Pangbourne, President & CEO, commented: “We are very pleased to report the final holes from the drilling campaign, including excellent results such as hole CKG22-094 with 357 metres of 1.43 g/t AuEq. The results support our belief that the intrusive continues to be materially higher grade than previously modeled which should have a very positive impact on the new resource estimate, mine plan and upcoming pre-feasibility study.”

“Although we faced delays due to laboratory issues, the long-awaited final results from our phase I drilling program at San Javier have not disappointed. Two additional holes on the western flank of Cerro Verde have intercepted broad zones of mineralization further to the west, while hole SJ21-32 has confirmed copper mineralization in addition to further extending oxide gold.”

“These results increase our confidence that we are on the right path towards attaining the estimated mineral resource base necessary to advance the Parral project,” commented Dan Dickson, Chief Executive Officer. “We anticipate preparing a preliminary economic assessment starting late this year.”

“We consider this new discovery of high-grade breccia hosted mineralization on trend with our Main Zone one of our most significant findings to date.”, commented Brodie Sutherland, CEO.

“The latest results at El Cuervo further demonstrate that multiple structures at the Amalia Property contain significant wide zones of gold and silver mineralization. We are excited to continue adding to the large developing potential at Amalia with ongoing drilling at El Cuervo,” comments Bruce Smith, President and CEO.