Category: Exploration and Development

“The results of this initial drill program are encouraging as we had some significant grades hit at each location,” said David Wolfin, President and CEO. “We will integrate this information into our geological model to improve our understanding as we continue to look for economic deposits similar to our San Gonzalo mine while at the same time looking to add M&I resources at our Avino mine.”

Over the next few months, Terreno staff will focus on updating the geological and geochemical databases, interpreting results, and planning for a drill program later this year, subject to financing. Terreno management is very pleased with this years’ exploration results and look forward to further advancing the Las Cucharas Project.

Vizsla President and CEO, Michael Konnert, commented: “The fact that we have confirmed successful electromagnetic targeting of the high-grade veins in the district, is ground-breaking for Vizsla and the Panuco district. This successful EM survey is a testament to the high-grade nature of the district which features massive to semi-massive sulphide mineralization which is typically uncommon in Mexican vein fields.”

Greg McKenzie, President and CEO commented: “The discovery of high-grade skarn mineralization over sizable widths, commencing only 150 metres from surface, is an important advancement in the project. These newly discovered high grade mineralized zones reside only 185 m above the Fernandez Zone and could potentially be accessed through conceptual shared development.”

“The zone at Casados continues to show high grade intercepts included within wider zones of potentially bulk mineable tonnage,” said Brad Langille, President and CEO. “We continue to advance Los Ricos North towards a significant initial resource.”

“We believe that some of the geophysical targets at Donovan 2, along with the geological target at Los Alamos, have not been adequately tested. Along with reinterpretation of the geophysical data and surface geochemical work, we want to ensure we have optimised target generation to follow up with our systematic maiden drilling program.”

Silver Tiger’s CEO, Glenn Jessome, stated, “Large step outs like drill hole 231 on the Sooy Vein continue to deliver high grade silver intercepts and the discovery of the crackle breccia zone in the Sooy hanging wall is another important discovery at El Tigre.”

Akiba Leisman, Chief Executive Officer of Mako states that, “this operating update highlights the extraordinary grades being mined and processed at San Albino even prior to reaching commercial production. Now that we have declared commercial production and have started mining at the Porcelana Zone, a zone with the highest grade-thickness profile encountered at San Albino, we expect to continue delivering similar operating results to those released today.”

Taj Singh, President and CEO, states: “These latest drill results from Josefina have returned some of our highest-grade hits to date. With our Phase 1 drilling now complete we have transformed what started as a loosely defined vein with less than 1 km of strike extent into a prominent corridor with two well-defined veins with a total strike extent of more than 2.5 km.”

“The extremely high-grade intercept in our deepest drill hole CDH-077 has extended the high-grade ‘clavo’ at El Refugio a further 160m down dip.”