Category: Exploration and Development

“Today’s results confirm the impressive gold and silver mineralization at Pilar is open for expansion. Planning is well underway for our next phase of drilling that will continue to expand the areas of known mineralization and test other property wide targets, drilling deeper and farther out from our established Main Zone.”

Cameron Tymstra, CEO of Tarachi, commented: “The Company is incredibly fortunate to have secured such a desirable and game-changing asset. During our recent site visit, the whole team was impressed with the like-new condition of the plant and the proximity of the tailings materials which are right at the doorstep.”

“We have always had a strong belief in the large-scale potential of the Plomosas Project. We continue to outline new mineralized zones in the Plomosas Mine Area, with a series of compelling field and drill results indicating a much larger epithermal system. More recent geochemical and geophysical data, and vectors, suggest the mineralization within the Plomosas Project to be a district-scale system.”

Carlyle’s President and CEO, Morgan Good, commented, “We are extremely excited to report the initiation of our phase one drill campaign at The Cecilia Project. We have worked diligently with our partner Riverside since last summer to finance, plan and develop the exploration strategy.”

“Silver Spruce is adding to its growing digital database for the El Mezquite and Jackie exploration properties while advancing our active Phase 1 mapping and sampling programs. The new LiDAR data will enhance 2D and 3D spatial interpretation of the historical and current geological and structural information to support initial drill program design at El Mezquite”, said Greg Davison, Silver Spruce VP Exploration.

J. Duane Poliquin, Chairman of Azucar commented, “With the announcement of the initial resource at the Norte target in September last year, our exploration focus is now two-fold; to better understand other near surface zones of mineralisation, such as Porvenir, and to continue our search for additional porphyry centres at the project.”

“The drill results on the first two holes are consistent with our expectations and demonstrate both the tenor and the continuity of the mineralization within the Victor vein which should add tonnage and increase the value of the Bilbao deposit, especially with the much-improved outlook for silver prices, approaching the US$30 per ounce level.”

“Finding the first consistent gold values in the historically high-grade silver-dominant Batopilas District is very exciting, especially since we can link a number of these occurrences to alteration anomalies revealed by a recent WorldView III satellite hyperspectral survey,” said Dr. Peter Megaw, Exploration Advisor to Reyna Silver. “Many anomalies remain to field check, sample and prioritize for drilling.”

“Orla has large and highly prospective land packages, in two nations, that already host oxide and sulphide gold deposits. Both land packages are under-explored around the existing discoveries providing an outstanding opportunity for additional discoveries in the coming years,” stated Jason Simpson, President and Chief Executive Officer of Orla Mining.