Category: Exploration and Development

Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold-enriched mineralization identified earlier in the 2020-21 drilling. Mineralization can now be traced laterally for over 150 metres strike and up to 450 metres depth and drilling between the two main high-grade lenses has returned positive assays resulting in increased continuity between the two lenses.

New results include AMDD21-31 which intersected 13m at 0.9 g/t gold and 116 g/t silver. A new drill permit has recently been granted to test targets at California and El Cuervo. Geological teams are continuing detailed mapping and have recently extended the El Cuervo veins and breccias by 1km and the California vein system by 500m. Drilling of these targets is expected to commence in the second half of the year.

Carlyle’s President and CEO, Morgan Good, commented, “Carlyle is excited to yet again receive positive drill results from the Cecilia Phase 1 campaign. In particular, hole 6 returning high-grade gold with its intercept into the North Breccia target further confirms the presence of something potentially very exciting. We are more confident by the day that a subsequent Phase 2 drill campaign is warranted and optimistic that the results, especially drill testing to depth, will prove successful and continue to provide added value to all shareholders.”

Riverside’s President and CEO, John-Mark Staude: “We are pleased to see this program progress with Carlyle Commodities Corp. where we are shareholders and delighted to see the exploration program return higher grade gold. These new results continue to build upon the historical work by Cambior and others, combined with the current 2021 drill campaign which is beginning to show new target ideas, new gold mineralization controls, and widening the perspective for discoveries.”

“We received our due diligence assays from Diamante and, given the highly favorable results for Au-Ag, Cu-Pb-Zn and pathfinder elements, have established the ultimate terms for the acquisition and will ratify a definitive agreement (DA) this week.”

John Darch, Chairman of Sonoro, added, “These drilling results continue to affirm the potential of Cerro Caliche to host a major deposit amenable to support the proposed 15,000 to 20,000 tonnes per day Heap Leach Mining Operation (HLMO).”

Pete Dougherty, President & CEO commented: “It has always been our intention to drill test below the El Crestón pit to determine whether the La Colorada mine has the potential to transition from an open-pit mine to an underground mine in the future. These high-grade gold and silver results vastly exceeded our expectations and obviously warrant follow-up drilling.”

“We are delighted to select Layne de Mexico to drill the Phase 1 RC program at El Mezquite. Layne has a reputation for excellent service to their clients and we look forward to a successful first-ever drilling campaign for El Mezquite,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

Kootenay Silver Inc. is pleased to announce that drilling is proceeding as scheduled at the Copalito silver-gold project, located in Sinaloa State, Mexico. To date, the Company has completed 1,600 of the planned 3,500 meters over 19 shallow drill holes, ranging from 50 to 160 meters in depth.

ALORO MINING CORP is pleased to announce that Alamos Gold Inc. has informed Aloro that it has started its initial drill exploration programs on the Los Venados claims, Mulatos District, Sonora Mexico. As the operator, Alamos will be conducting the exploration on the Los Venados Project until a participation level is attained.