Monarca Minerals, Inc. is pleased to announce that it is advancing toward an initial approximately 5,000m drilling program at San Jose.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The assays resulting from GR Silver Mining’s current Plomosas drilling program continue to validate the presence of a large hydrothermal system at the Plomosas Mine Area. They have identified a wide mineralized corridor on the hanging wall of the Plomosas Fault with attractive precious and base metals grades. Our integration of the recent and historic drilling data continues to define new Au-Cu-Ag-Pb-Zn mineralized structures and is discovering several attractive, near surface Pb-Zn zones. The integration of all data for the first time in a 3D model, is a valuable exploration tool to maximize the opportunity to continue to drill and expand the footprint of the potential resource area.”
Silver Viper’s President and CEO Steve Cope states, “Exploration continues at the project and we are happy to report that the drilling continues to advance at a steady pace. The reconnaissance drill testing in the outlying areas of the Rubi plateau is now complete and we have returned our attention to the main El Rubi area in order to extend known mineralization and to firm up our understanding of the structural controls within discovery area.”
The first phase of drilling will consist of a minimum of 8,000 meters of HQ size core with a Versadrill 1.4 mount track. Drilling is expected to define the Santa Maria veining at depth and to the east and west using the IP anomalies as a target. This will be followed by pure exploration to test virgin IP targets to the north of the property, as identified by the recent survey. Fabled has awarded the surface diamond drill contract to Maza Diamond Drilling SA DE CV.
“The outlook for 2021 is extremely positive as we expect to steadily increase our production throughout the coming year,” added Mexus President, Paul Thompson Sr.
Rob Macdonald, Vice President Exploration stated: “We began this drill campaign targeting an approximate 30% increase in the Mineral Resources for the Cerro las Minitas project which currently totals 134 million Silver Equivalent ounces in the Indicated category and 138 million Silver Equivalent ounces in the Inferred category through the addition of new mineralization in the South Skarn and Mina La Bocona areas which are not included in the current Mineral Resource Estimate of the property.
Almaden has been supporting local initiatives for many years and is pleased to do so particularly when it can be as impactful as enhancing access to fresh water and expanding local irrigation capacity. As the Ixtaca project advances we look forward to additional projects we can support in partnership with local communities and authorities which enhance and diversify economic development opportunities in the region of the Ixtaca project.
“Since commencing exploration and diamond drilling activities at Picachos in August, we’ve identified several high priority targets for follow up work and have gained a significant understanding of the mineralized gold – silver vein, and copper – molybdenum porphyry systems traversing the property.
Canasil President and CEO, Bahman Yamini, commented: “The very high-grade gold and silver values returned from NRC-20-06 are extremely encouraging and exceed expectations from a first drill program at the Nora project. The results from the six drill holes completed on the Candy vein represent a significant discovery and warrant a larger Phase 2 follow up drill program. We will be analyzing these results in detail and preparing plans for further follow up drilling at the Nora project.”
Trenching in the El Sahuaro target area was initiated to follow up on grab samples of 4.81 g/t Au and 4.18 g/t Au collected in 2019. Assays from the third batch of trench samples included values of 17.75 g/t Au and 6.93 g/t Au.
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