Category: Exploration and Development

Gatos Silver, Inc. reports that power from Mexico’s national power grid has been restricted due to the recent severe winter storms in Texas. Northern Mexico is highly dependent upon natural gas from Texas to generate power.

“We are excited to have boots back on the ground at Pilar,” commented VP Exploration, Brodie Sutherland. “The results released last week for our Phase I drill program show the potential to grow the known extent of mineralization at depth and along strike. The high-grade gold and silver intercepts provide evidence for deep rooted structures which we are just starting to uncover.”

Stroud Resources Ltd. is pleased to announce that its drilling permit application has been approved by the Mexican Mining Authority for its Santo Domingo Silver Property located in Hostotipaquillo Region of Jalisco, Mexico.

Drs. Ressel and Christensen made an intriguing observation regarding the inversion of a stratigraphic horizon of rocks favourable to host gold-silver mineralization at Tenoriba from prior mapping. Should this inverted stratigraphy prove correct this could have significant positive implications as far as the abundance and location of this favourable stratigraphy as a host of gold-silver mineralization at Tenoriba.

“We are continuing to build our digital database for Pino de Plata while negotiating the landowner agreement to permit drilling on several highly promising silver targets. The new LiDAR data will notably enhance our topographic control for the Phase 1 drill collar optimization and provides another value-added 3D element to our overall geological and structural compilation prior to the planned subsurface exploration,” said Greg Davison, Silver Spruce Director and VP Exploration.

CEO Michael Konnert stated, “Vizsla has had success drilling high-grade silver and gold at the Copala-Panuco district. Our goal is to drill a near-term resource at Napoleon, where we recently doubled the depth extension…”

Geologist and Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), Michelle Robinson comments “results of our phase-one program at Picachos imply a robust and geographically expansive mineralized system for which we have only just scratched the surface. I am very pleased with our results, in particular the number of targets demanding follow up drilling or for newly discovered zones, a first ever drill hole. The Cocolmeca vein structure (CVS) is persistent and strongly mineralized and I look forward to expanding the depth and strike length in 2021, as well as continuing the exploration of the rest of the CVS, particularly in the central Cocolmeca area.”

“The Company continues to outline a much larger epithermal system in the San Juan Area of the Plomosas Project. The recent drilling data at the San Francisco Vein delineates additional zones of epithermal veining and hydrothermal breccias, extending existing structures 200 m to the south. The integration of the San Juan Area with the potential acquisition of concessions between the San Marcial and Plomosas Projects delineates an initial 4 km long, 100%-controlled north-south mineralized corridor. This corridor represents only one of the nine mineralized corridors under exploration by the Company inside the Plomosas Silver Project…”

“We are excited to see how drilling at the El Capitan oxide gold zone at the Penoles project is expanding gold mineralization down-dip and along strike from the drilling that was used for the maiden 43-101 Resource (2015). In addition, the discovery and delineation of the Hanging Wall Zone provides an opportunity to expand the near-surface gold mineralization and enhance the overall project.”

Greg McKenzie, President and CEO commented: “We are pleased to see the current drill program is advancing with strong productivity, despite challenges associated with COVID. Infill sampling and assays of previously unsampled areas have generated insight, and allow us to significantly expand mineralized areas, improve continuity and has demonstrated higher grades. As our exploration program continues over the coming months, we look forward to unlocking further value on the San Diego Project.”