Category: Exploration and Development

Capitan’s CEO, Alberto Orozco, stated: “We are excited with the drill results to date, as they demonstrate the growth potential for the Capitan gold zone at the Peñoles Project. Our initial holes reported focused more on the better-drilled, western portion of the resource, but as we are stepping out towards the southeast, where previous drill holes were limited, we are now seeing higher potential to increase the size of the gold-mineralized body.”

Gatos Silver, Inc. is pleased to announce the reactivation of drilling through three separate programs that are collectively estimated to require 58,000 meters of exploration and definition drilling at an expected cost of $6.1 million.

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.