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.”
“Our drilling campaign at El Orito continues to provide strong results, again showing high grade narrow intercepts, along with wider zones of potentially bulk mineable grades. Hole 20 is also exciting as it contains high gold values in addition to silver, which differs from the base metal zones which we’ve seen to date at El Orito,” said Brad Langille, President and CEO.
“The addition of La Sorpresa III to the Santa Teresa Project is potentially transformational. Our existing JORC Resource is in the northwestern corner of our existing tenement package and its open at the boundary with La Sorpresa III. With La Sopresa III we will have the opportunity to test the interpreted northwestern extension of mineralisation for inclusion into future resource updates.”
“The step out drilling to the west at El Refugio has confirmed continuation of the gold-silver mineralised structure 180m further west. These broad intercepts with high-grade gold and silver are important results for further extensions deeper and to the west at El Refugio. El Refugio continues to produce reportable intercepts with every hole drilled as we continue to expand the resource potential in this part of the Copalquin District.”
During the first five months of 2021, Minaurum has focused on preparing its flagship Alamos Silver project for the resumption of Phase II drilling while continuing to advance both the Santa Marta copper-gold volcanogenic massive sulphide project and the Aurifero silver-gold project to the drill stage.
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