Category: Exploration and Development

“Magna has a promising portfolio of silver projects in Mexico and an ambitious exploration program planned for the year. We expect good results from Margarita, as well as our other properties, and we look forward to reporting the results over the course of 2021. In addition to a continued successful ramp-up at San Francisco and establishing a stable base on gold production, we believe there is a significant amount of value that can be surfaced across our silver portfolio.”

Peter J. Hawley, CEO and President, remarks, “As expected, the sulphide contents of the Santa Maria vein and structure has increased and intercepted over 10 ounces of silver over 6 meters. These exceptional high- grade results intercepted at -145 meters vertically below surface will be followed up by hole SM20-03 which was designed to hit the Santa Maria structure at a vertical depth of -350 meters below surface which will be the deepest hole ever drilled on the property.”

“With the release of 122 drill holes and 8 drill rigs continually operating in Los Ricos North, our understanding of this truly large mineralized system is becoming clearer. We believe La Trini, El Favor, El Orito, and potentially a new area – Casados – will form part of an upcoming Los Ricos North initial resource to be released later this year,” said Brad Langille, President and CEO.

New IP/Resistivity sections show significant structural zones extending to depth directly below the known large scale historic silver mines. The structural zones are clearly connected with the historic mines and are possibly feeders zones for the silver mineralizing system.

Matthew O’Kane, Managing Director of Comet Resources, stated “I am very pleased with the progress at the Santa Teresa Gold Project. Interminco and Minera Cascabel have done a good job of arranging access to the Project site with the local stakeholders and have then wasted no time in completing the initial field survey, detailed geological mapping and a review of the historical drill core. I am looking forward to receiving the results from the samples sent for assay, and also the completion of the permitting process for drilling.”

“I recently had the opportunity to visit the Don David Mine and see firsthand the impressive Switchback and Arista vein systems,” stated Mr. Allen Palmiere, President and CEO of Gold Resource Corporation.

The decision by the technical team to continue drilling 50 meters past the targeted Sooy Vein has been rewarded by the discovery of a wide zone of high grade mineralization totally unlike the quartz vein ore previously mined at El Tigre” said Glenn Jessome, President and CEO of Silver Tiger. “We are of the view that we have discovered what may be a significant new style of wide high grade mineralization to target with our exploration, that was in the past overlooked.”

Silver Dollar Resources Inc. is pleased to provide an overview of the results from the compilation and reinterpretation of all historical exploration data on the La Joya Silver property located in Durango, Mexico.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “In the northern domain of our 3500m continuous high chargeability anomaly we have now hit 3 zones with elevated sulphides and grades of zinc and lead. It is worth noting that these 3 zones are below the detection level of the IP survey. Our next step will be to do additional geophysics with better resolution and deeper penetration to help in the exploration for the heat source of the sulphide system.”