Category: Exploration and Development

Rob Macdonald, Vice President Exploration, stated: “Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold mineralization identified earlier in the 2020-21 drilling. The drill program, which was recently expanded from an initial 10,000 metre program to a 20,000 metre program, will continue to focus on the development of these targets and the systematic investigation of further mineralization located to the northwest along the east side of the Cerro.”

Akiba Leisman, Chief Executive Officer of Mako states that, “we are continuing to systematically drill the Arras Zone, which we plan to begin mining next calendar year. The Arras Zone is more complex than the nearby San Albino Zone currently being mined, but despite the complexity, it is yielding positive surprises.”

Heliostar CEO, Charles Funk, commented, “These results are an excellent start to our drilling program at La Lola. To prove that higher grades occur within the main La Barra vein is a significant development and the company continues to drill looking for the heart of the system. This 1,500-metre program is the first ever drilling completed at La Lola and if Heliostar can demonstrate ore grades we can then step-out along the entire length of the La Barra vein.”

“The interception of wide and high-grade mineralization in close proximity to current production areas at the mine reflects the structural complexity of the deposit and unveils discovery potential remaining at the San Jose Mine.”

The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the HQ core drilling at Copalito. Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.

Radius Gold Inc. is pleased to provide an update on its phase four diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. Pan America Silver Corp., the project operator, has completed 4386m of drilling in 10 drill holes. Results for AMDD20-22 to AMDD21-25 have been previously reported, with results for AMDD21-26 to 31 pending. Drilling has concluded for phase four.

GR Silver Mining President and CEO, Marcio Fonseca, commented, “Our surface and underground drilling program continues to expand the high-grade Ag-Au bulk tonnage zones at the Plomosas Mine Area. The lower levels of the historic Plomosas Mine had seen only limited drilling by previous operators, oriented primarily towards exploitation of only Pb-Zn mineralization rather than the high-grade Ag-Au mineralization recently being discovered by GR Silver Mining. Our recent drilling, including highlighted intercepts in this release of 21 m at 466 g/t AgEq, 84 m @ 74 g/t AgEq and 71 m at 48 g/t AgEq, confirms the presence of multiple, broad unmined Ag-Au rich zones.”