Category: Exploration and Development

“Silver Spruce put the technical boots on the ground and our Hermosillo-based geological team has discovered a high quality, broadly-zoned geochemical anomaly with multiple mineralized surface rock samples ranging up to 9.65 g/t Au and 515 g/t Ag with intense oxide and silicate alteration, and presence of base metals and pathfinder elements,” said Greg Davison, Silver Spruce VP Exploration.

Tarachi Gold Corp. is pleased to announce that drill crews have completed the auger drilling program at the Company’s wholly owned Magistral Mill and Tailings Project in Durango, Mexico.

“The Company is tremendously proud of the efforts of our Mexican operations group and their success in moving a new gold project through construction and into operations during the worldwide Covid-19 pandemic. It has required major perseverance and significant skill and creativity.” stated Darren Koningen, CEO of Minera Alamos.

Capitan’s CEO, Alberto Orozco, stated: “I’m pleased to report that all of our reported drill holes to date have intersected gold mineralization, highlighting the significant scale of the mineralized system at our Peñoles project.”

Luis Castro, Vice President of Exploration, commented, “We continue to intersect strong drill results as we step out from the current margins of the Melladito and Belen orebodies, with a number of other targets to drill, along both the Melladito and Belen veins.”

“The next phase of drilling and trenching will be an important next step for the company and will provide key information as we move towards development.”

Work to date has been positive and continues to suggest that the identified surface copper-gold mineralization on the Rebeico claims may be related to a much larger unexposed subsurface mineralized system.

“Today’s results from Tajitos demonstrate a second significant zone of mineralization in addition to the Napoleon Vein.”

“We would like to thank Hochschild for their contributions and collaboration at Cuarentas. We were pleased with the target generation and exploration phase of the option, and with only a modest (1,500 m) program completed there are plenty of compelling targets that remain untested across a Project with historical production history and demonstrated high-grades from surface sampling.”

Carlos Silva, Santacruz’s CEO, stated, “The historic Lomo del Toro zone is a promising area where we have wide mineral bodies with significant silver grades. We anticipate exploration activities to deliver positive results which would allow us to increase our average head grades at the mine.”