Category: Exploration and Development

Tim Warman, Atacama’s CEO, commented: “The Los Ingleses and Mexico Libre veins have seen very little drilling to date, so it’s especially encouraging to see multiple high-grade intercepts from both these areas, especially the gold-rich intercepts at Mexico Libre. The current drilling program has been extremely successful thus far in discovering, defining and extending the higher-grade zones that we’ve encountered in all the vein systems we’ve drilled to date.”

“We are excited to close the first tranche and announce RC drilling on the expansion area has commenced.” commented, CEO Brodie Sutherland. “This next phase of drilling will focus on the immediate expansion of mineralized trends to the north and northeast of the Main Zone, pushing the boundaries into undrilled areas.”

“The commencement of test mining and bulk sampling at Panuco is a significant milestone in our journey toward full-scale production,” commented Simon Cmrlec, Chief Operating Officer. “This major de-risking initiative not only allows us to validate development rates and conduct preliminary reconciliation to the resource block models and geotechnical models but also provides invaluable operational insights for our team as we advance the Project towards development.”

Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Guadalupe East continues to provide exceptional high-grade results. In targeting the sparsely drilled 700m gap between the main ‘Laija’ area at Guadulupe East and the Echeguren Shaft, we continue to find mineralization. Drill hole 24GE-160 is particularly outstanding for its high-grade gold and silver, measuring half an ounce of gold and over 2 kilograms of silver over a metre in length. Both drill holes 24GE-160 and 24GE-162 demonstrate the potential for further expansion of mineralized material, amenable for underground extraction.”

“The existing mineralization in the upper Caracol-host already set a strong foundation for the initial underground sulphide resource. It is now becoming clear that the future project will be enhanced by the Zone 22 Extension, and we continue to be impressed with the drill results: high-grade, polymetallic, and favourable metallurgy. Zone 22 remains wide-spaced drilled and open down-plunge, offering significant potential for further infill and step-out drilling to contribute to both resource growth and upgrades.” – Sylvain Guerard, Orla’s Senior Vice President, Exploration.

Defiance Silver Corp. is pleased to announce a Mineral Resource Estimate prepared in accordance with the National Instrument 43-101 – Standard for Disclosure for Mineral Projects for the 100% owned Tepal Gold-Copper Project, located in the municipality of Tepalcatepec, Michoacán State, in south-western Mexico.

“Drilling is progressing well at the Target 1 resource area, the first of several targets at our district scale high-grade Copalquin silver and gold project. With ~1,500 metres completed since the recent restart, we have now completed 6,300 metres of the expanded 9,000 metre Target 1 resource update drill program, announced late June 2024. The recent drill core logging supports the ‘big picture’ geologic model for the widespread silver and gold mineralisation across this 10 km wide district.”

Greg McKenzie, President and CEO, commented: “We are really pleased with the drill results from Phase 1 & 2 within Central Rosarios. Three of the high-grade areas collectively reported today outline a terrific zone at depth with continuity over a strike length of 275 metres. Two of these areas were predicted to be blank within the existing resource model.”

“The success of our exploration program highlights the potential for long-term organic growth at many of our assets,” said Christopher Emerson, Vice President of Exploration and Geology at Pan American. “Based on the results we were achieving in exploration this year, we increased our drill budget to over 450,000 metres for 2024. This exploration update highlights these results, and showcases the ongoing discovery of new mineralized structures in and around our existing mining operations.”

Scott Emerson, President commented: “There exists the potential of blind mineralization at Saddle. The identification of the Saddle target adds to its priority as a drill target. Other reported examples of significant blind mineralization are the Pensquito (Zacatecas) operated by Newmount and Cerro Las Minitas(Durango) project operated by Southern Silver in Mexico.”