Category: Exploration and Development

“The results from the second 2021 drill program on the Candy vein at Nora are consistent with previous drill holes with high gold and silver grades from multiple mineralized bands within a wide altered structure. The Candy vein structure remains open for expansion along strike and to depth, and with additional strong widespread geochemical anomalies still to be tested throughout the project area at Nora suggest the potential for a significant gold-silver mineralized system.”

“We are pleased with this first set of results from the second phase of drilling at Yoquivo. Hole two demonstrates the potential for the Pertenencia vein to host significant high-grade mineralization, and we’re also excited about hole four which hit multiple high-grade veins suggesting there may be additional blind veins to be found on the property.”

The primary objectives of the 2021 – 2022 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia pipe potential of Purisima East.

“The drilling program at Mololoa is providing us with some of our highest grades we’ve seen on the project, up to 8 kilos of silver equivalent per tonne in hole 90,” said Brad Langille, President and CEO

Rob Macdonald, Vice President Exploration, stated: “The identification of a new high-grade zone continues to highlight the enhanced exploration potential surrounding the known mineral deposits at Cerro Las Minitas. Drilling will continue on the property through early 2022, starting with follow-up drilling on the El Sol concession before transitioning back to the North Felsite target, while the company continues work on a Preliminary Economic Assessment of the known Mineral Deposits to be completed Q2-2022.”

Silver Tiger’s CEO, Glenn Jessome, stated, “Hole 287 delivered high grade mineralization in the black shale horizon 175 meters north of Discovery Hole 202 and a full 75 meters north of where historic mining ended on the Sooy Vein. Drill intercepts on the Sooy, El Tigre and Seitz Kelley Veins continue to pierce quartz veins in the black shale horizon that hosts high grade silver and gold mineralization. Our understanding of these 2 geological units and how they control high grade mineralization allows our drilling to be more focused and predictive.”

“Diamante provides our third opportunity to work again with Saul Ruiz and his team at Green and Ceo to advance the permitting process for our maiden drilling program proposed for the property. The original environmental application for our El Mezquite property attested to their high-quality technical reporting skills and expertise,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

“We are very excited about the potential hole 21-CARC-29 has created for the Peñoles Project, as it identified silver-polymetallic mineralization similar to what we’ve seen in the 2013-2014 drill data at the Jesus María Silver deposit. We now believe this style of mineralization has the potential to be expanded underneath the Capitan Hill oxide gold zone.”

The Company has planned a four to five-month exploration program that will include comprehensive mapping and extensive sampling of the concession to define drill targets. A LIDAR survey to obtain detailed topography and identify historic mine prospects and structural trends is also planned for the near future.

The LWIR satellite data and initial interpretation is being conducted by DIRT Exploration of Cape Town, South Africa. LWIR analysis, through proprietary processing of satellite data, has the ability to map or identify, through reflectance spectroscopy against a set of known standards, mineral distribution over large areas covered by vegetation and shallow cover.