Prime Mining’s Chief Executive Officer Daniel Kunz commented, “We are pleased to begin drilling at Los Reyes. The trench sampling results continue to define high-grade gold and silver mineralization at surface. The Zapote deposits have outstanding gold and silver values over large outcropping areas and drilling there will focus on resource expansion.”
Tarachi Gold Corp. reports initial underground diamond drill assays at La Dura mine, Jabali concession. Highlights: JAB-20-04: 14.5m @ 5.49 g/t Au (incl. 7m @ 9.67 g/t); JAB-20-05: 20.1m @ 4.54 g/t. High-grade brecciated quartz veins in dacitics; two rigs turning. CEO Warner praises broad, high-grade mineralization near Mulatos/La India.
Kenneth MacLeod, Sonoro’s President & CEO, added, “The latest assay results from Buena Suerte provide compelling evidence that it has become one of the prime targets for developing a new, higher grade mineralized zone at Cerro Caliche. We are confident that the current results will contribute to a material increase of the current inferred resource estimate at Cerro Caliche.”
The Guigui Project is located in the heart of the Santa Eulalia Mining District, home to Mexico’s largest Carbonate Replacement Deposit (CRD). The Santa Eulalia Mining District has produced 510 Moz of silver, 4.2 MT of lead, 3.6 MT of zinc, at average grades of 310 g/t Ag, 8.2% Pb and 7.1% Zn.
“We are very encouraged with the early success of the inaugural diamond drill program at Picachos,” remarked Ranjeet Sunder, President and CEO of Brigadier Gold. “To confirm high grade gold mineralization in a vein system totaling 8 kilometres in length, within a property that hosts multiple of these systems is exciting and points to further discovery potential within the project.”
Together with the previously announced change of land use notification, the Company possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site.
“Our recent delineation drilling at Marianas, San Martin and Diluvio West confirm that these zones are emerging as important contributors to the future production at Mercedes,” commented Stephen McGibbon, Executive Vice-President. “We are excited by these three major areas that have yielded some of the best grade intercepts over the past several years.”
The results confirm the presence of wide and high-grade zones of silver, gold, lead and zinc mineralization, close to the surface in a new mineralized structure paralled to the San Juan Area. In addition to encountering attractive, near surface polymetallic (Ag-Au-Pb-Zn) mineralization at Yecora, gold-hosted veins have been identified indicating new opportunities for shallow drilling.
Telson Mining Corporation is pleased to announce that it has initiated the transport of ore from its Tahuehueto Gold Project, located in Durango, Mexico, for mineral recovery at the Atocha toll mill, as part of a 3,500 tonne toll mill campaign.
The recently received batch of assays contain significant results from the Cerro Rojo area, the El Sahuaro target area, and from the West Evelyn area of the property.
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