Heliostar CEO, Charles Funk, commented: “The maiden drill program at Cumaro targeted the rock beneath high grade surface results at the Verde discovery. It is also testing for mineralization in the eastern half of the property. These first results from the Verde indicate the veins are not as robust at depth and contain lower grades.”
“Building on the excellent high-grade gold and silver maiden mineral resource estimate, the high recoveries of gold and silver from the flotation and leaching test work reinforce attractive project metrics for our Copalquin District in Mexico.”
In 2022, Pan American plans to drill 55,000 metres at La Colorada for a cost of $18 million to $20 million to further explore and infill drill the skarn and adjacent veins.
Two fences of drilling have now been completed on each side of the previously drilled fence of holes on the California shallow oxide gold target with the objective of expanding the size of the zone identified in 2017-2018 drilling.
“The 2022 RC drill program at the California zone, where we are targeting potential open pit heap leachable gold mineralization, continues to return strong gold grades over broad widths and has further expanded the gold mineralized zone to the west and south, still open in all directions including at depth.”
Bill Pincus, Chief Executive Officer of Ranchero stated: “We are extremely pleased with the results from our first ever drill program at Santa Daniela. We have demonstrated the presence of gold mineralization in all of the targets that were drill tested including intersecting 4.0 g/t gold over 31.5 meters in drill hole MA 21-10.”
The Radius team is highly encouraged by the new discovery at El Cuervo with drill hole AMDD21-47 cutting impressive width and high-grade gold and silver mineralization.
“Rehabilitation of the underground workings at El Tigre will become a very important asset of Silver Tiger. We expect to quickly be in a position to allow our technical staff access to the underground workings of the Historic El Tigre Mine.”
“The California target is one of the three main zones at the San Antonio Project. These recent drill results at California show significant anomalous results in the oxide, transition and sulphide horizons and indicate continuity near surface and along strike and, open to the west along trend.”
“The first drill results from the exploration program at Trampolín and Corta Pico show indications of an attractive epithermal vein system between Loma Dorada and the Plomosas Mine Area.”
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