“We are pleased that the permitting documents were approved by SEMARNAT without revision and on schedule. Silver Spruce is clear to move ahead with planning logistics and contractor selection for our second 1,500-2,500 metre reverse circulation (“R/C”) drilling program on El Mezquite,” said Greg Davison, Silver Spruce Vice-President Exploration and Director.
“This current set of drill results highlights the excellent growth potential that exists at Cordero beyond the 16-year mine life outlined in our 2021 PEA.”
“The initiation of drilling comes on the heels of our announcement of three significant discoveries at La Adelita from our ongoing mapping, prospecting and trenching program.”
“The most critical aspect of these results is that the mineralized zone at Napoleon has now grown over 350 metres since the last update, with the continuation of a wide, high grade vein to the south,” commented Michael Konnert, President and CEO.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “After a Covid-induced delay of two years, we are finally commencing the next round of exploration on our highly prospective Mexican assets.”
The Company’s magneto-telluric geophysical survey will consist of ten lines totaling 14.8 kilometers that have been prepared in advance. Field crews started laying out the receivers and began the field survey on March 20th.
Akiba Leisman, CEO of Mako states “These high-grade channel samples are indicating the significant prospectivity of the La Segoviana concession over multiple kilometers of strike.”
“We are encouraged by these initial results and eagerly await the remaining assays, particularly for the wide interval of 40+ metres of visible sulphide mineralization in hole NOR-22-008. Drill core from this hole, that targeted mineralization along the contact between carbonate rocks and a felsic intrusive, looks very promising.”
Greg McKenzie, President and CEO commented: “The two holes reported today showcase how the San Diego Project can deliver exceptionally high-grade mineralization, relatively close to surface.”
“Mololoa continues to contribute strong results with high grade intercepts in addition to wider intercepts of potentially bulk mineable material,” said Brad Langille, President and CEO. “We believe these results will contribute to our goal of aggressively expanding our mineral resources at Los Ricos in 2022.”
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