Category: Exploration and Development

Carlyle’s President and CEO, Morgan Good commented, “Carlyle is extremely encouraged by such positive results from our Phase 1 drill campaign at the Cecilia Project in Sonora, Mexico. Each hole intersected mineralization but specifically hole 5 into the North Breccia target with 24.2m of 1.51 g/t Au has gotten us excited. We are optimistic some of the remaining results which also tested the North Breccia target will prove successful and set the stage for a more robust Phase 2 drill campaign.”

In Sonora, Orogen and exploration partner Hochschild plc have commenced a planned 3,100-metre drilling program on the Sarape project, and Heliostar Metals Limited has initiated a 1,500-metre drilling program on the La Lola project.

Canuc Resources Corporation is pleased to provide an update on the drilling program currently in progress at the Company’s San Javier Ag-Au Project in Sonora State, Mexico.

Vizsla President and CEO Michael Konnert commented: “We now have high-grade drill results for 570 metres of the two and half kilometre strike on Napoleon. With four rigs turning, this vein is growing into a substantial area of mineralization but is only one vein in an entire vein field that we have available to explore.”

Golden Tag Resources Ltd. is pleased to provide a project update, inclusive of the first three diamond drill holes from the ongoing 4,500 metre exploration program, on the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico.

“El Favor continues to deliver high grade zones exceeding a kilo per ton surrounded by wide zones of potentially bulk mineable grades near surface,” said Brad Langille, President and CEO. “With 9 drill rigs operating, we are aggressively advancing towards our initial resource estimate in Los Ricos North.”

Mr. Arturo Bonillas, President & CEO of Magna commented, “We are extremely proud of our progress at San Francisco – our team has made considerable progress during ramp-up and we are well on our way to establishing San Francisco as a stable free cash flow generator.”

Bahman Yamini, President and CEO of Canasil commented: “The results from the initial drill holes on the southeast extension of the La Esperanza vein along strike and to depth confirm that the vein structure can be located as projected in a previously blind zone, and represent a significant increase to the overall mineralized envelope as previously reported.”

Ridgestone Mining Inc. is pleased to announce a phased exploration plan at it’s wholly-owned Rebeico project in Mexico. Work to date has been positive and indicates that the identified copper-gold mineralization on the Rebeico claims may be part of a much larger mineralized system and is most likely related to this system.

“We are very excited with the work that SRG has completed to advance the Tailings Project,” says Joanne Freeze, President and CEO of Xali Gold. “There have been some delays due to government closures during the COVID pandemic, but the project is now moving forward and we are very excited to the re-processing getting into operation.”