“Drilling at Platosa following up on the 817 Zone has defined vertically-oriented, high-grade mineralization over approximately 30 metres of strike and 30 metres of vertical extent,” stated Jorge Ortega, Vice President Exploration. “The proximity of existing infrastructure should allow access to this zone in the coming months and supplement first and second quarter production.”
“The Central Structure is a very significant 2.3 km-long target that contains 3 known deposits at San Miguel West, San Miguel East and Noche Buena, but has only been explored over approximately 50% of its strike length and mostly to a depth of only 625 m above sea level. This is relatively shallow compared to the productive elevation for mineralization as encountered at Guadalupe and Tahonitas-Zapote.”
“We are very pleased with these results at Mololoa, as we continue our aggressive resource expansion drilling program at Los Ricos North. This is in addition to the initial Mineral Resource Estimate released in December,” said Brad Langille, President and CEO. “We’ve also commenced drilling at the Gran Cabrera zone, which is our newest target for Los Ricos North, where we see an exploration potential that may be similar to the El Favor deposit.”
Heliostar CEO, Charles Funk, commented: “Starting the Cumaro drill program in December last year sets Heliostar up very well for 2022. We start the year in the fortunate position of having both an ongoing drill program on a new discovery in Mexico and a suite of high-grade gold hits across the district at our flagship Unga project in Alaska. Our initial focus in 2022 is the fully funded drill program at Cumaro where we have hit veining as predicted in each of our completed drill holes.”
Silver Tiger’s CEO, Glenn Jessome, stated, “The discovery of a potential new high grade silver-gold vein between the Tiger Vein and the Seitz Kelly Vein exhibiting wide high grade mineralization in the black shale further strengthens our hypothesis of the importance of this shale horizon.”
Hole SM20-48 was not only successful in the infill drilling of a drill poor area, but also followed the vertical down plunge of the Santa Maria structure by -175 meters from hole SM20-47 which intercepted 13.10 meters of silver mineralization.
“The results from Phase 2 of the drill campaign are highly encouraging as we have intersected some significant widths with mineralization on the Brecha de Bajo vein which are in close proximity to our current underground workings at ET. In the process of testing this vein, we discovered a new vein splay which appears to be mineralized, and has been named the Bart vein, after the geologist at site who discovered it.”
“The geological team is fascinated by the property. We have multiple styles of gold mineralization in the same host rocks as major deposits on the trend. The initial high-grade samples and high percentage of positive results is a great sign the team is unlocking the geological puzzle. We now have the drill permits and are really excited to start drilling at Big Pit and Pique Viejo in February.”said Michael Wood, CEO of Reyna Gold
Golden Tag Resources Ltd. is pleased to announce that diamond drilling is set to recommence on the Company’s 100% owned San Diego Project, located in Durango Mexico. After pausing briefly at year-end, Major Drilling has commenced mobilization to site and is expected to restart drilling within the next few days.
James Anderson, Chairman and CEO, said, “It is GSilver’s intention to use the approximately 20,000 tonne per month of excess capacity at the El Cubo mill to profitably process mineralized material from various potential sources in the Guanajuato area. Whether the business arrangement is designed as toll milling, raw material purchasing, or profit sharing, if it serves to contribute to our bottom line and helps to expand our presence in the 480-year-old mining camp of Guanajuato, then we will pursue it.”
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