“These new areas were identified through the systematic application of our exploration model,” said David Jones, Exploration Manager and Director of Madoro.
“Underground drilling at Platosa continues to delineate high-grade silver,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “We are currently advancing development to support further drilling of the Gap Zone. As that development progresses, we are identifying areas of historical production where we see potential additional high-grade mineralization, such as Guadalupe North.”
“We are very pleased to partner with Scatec on this new solar plant, our first major foray into renewable energy at our operations. The new facility will complement our existing power supply with a renewable energy source that demonstrates we are serious about reducing our carbon footprint, with a view toward carbon neutrality over time.”
Exploration work in the Copalquin Gold-Silver District has progressed at a fast pace for the first three months of 2021 with the completion of 15 diamond drill holes and an extensive soil sampling program across 2 project areas. The Mithril exploration team reported that holes successfully intercepted the targeted geological structures at El Refugio and La Soledad.
Luis Marchese, CEO of Sierra Metals commented: “We are very excited about initiating this new process with the potential for additional revenue for the Company. The iron ore market is presenting value-enhancing opportunities for Sierra Metals and the Company is taking decisive action to extract value from its existing iron ore-copper mineral resources.”
“At Casados we have stepped out 200 metres along strike and have intercepted high grade mineralization of more than a kilo of silver equivalent,” said Brad Langille, President and CEO. “Again we see at Casados, like other areas of Los Ricos North, kilos of silver equivalent enveloped in broad zones of good grades, potentially bulk mineable. These broad zones of strong mineralization help to build resource ounces quickly.”
“The Company has completed the planning for the Phase 1 2,000 metre drill program and will select the drill contractor shortly. Mobilization of the rig and geological team to the Property is planned during the first week of May.”
“These recent drill intercepts coupled with the recently announced high grade silver drill intercepts in the Benjamin Vein, 1.2 kilometers to the north of Discovery Hole 202, provide multiple pierce points over 2.2 kilometers on the Sooy Vein. We now believe the Benjamin Vein is the northern extension of the prolific Sooy Vein.”
Our Phase 1 drill program, which will conclude at the end of this month, will form the basis for our upcoming resource update and PEA scheduled for the second half of the year. Drill results to date, including those presented today, have surpassed all expectations, and demonstrate the scale, continuity and higher-grade nature of the mineralized system at Cordero.”
Stroud has commenced drilling on its Silver-Gold project at Santo Domingo in Jalisco. The Company has initiated a 3,000 metre drill program on the project and will be starting a second 7,000 metre drill program with its own drill shortly.
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