Category: Exploration and Development

“During the temporary suspension of the operations during the second quarter, the Mercedes team developed a solid re-start strategy with a more focused mine plan, including reduced mill through-put resulting in lower costs and positive cash flow”, stated Peter van Alphen, Chief Operating Officer of Premier. “With continued exploration success, our goal is to gradually increase mill through-put back to the plant capacity of 2,000 tons per day.”

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are at an exciting juncture for the exploration of the Tabasquena project. Past geophysical work has identified a big geophysical anomaly, approximately 3500 metres horizontal, and at the point where it dips vertically, there is another 500 metres and the anomaly remains open.”

Taj Singh, President and CEO, states: “When we acquired Cordero a year ago, we identified more than 5 km strike extent of historic underground workings on veins as a distinct exploration target that had the potential to impact the Project. Our initial holes targeting these vein trends show significant promise and we have now made the decision to present results from these veins separately from drill hole results targeting the bulk-tonnage resource. With four drill rigs now active on site, we are focused on both expanding the higher-grade bulk-tonnage core of the deposit and systematically assessing the extensive vein trends.”

Company crews have now entered the El Pinguico shaft and have safely accessed the #6 adit level. We believe that this is the first time that the #6 level has been accessed in this location since the mine was closed in 1913.

The high-grade silver zone outcrops as the ridge capping on top of the Mesa de Plata hill. It contains Measured and Indicated Mineral Resources of 15.5Moz silver in 1.8Mt @ 275g/t Ag within the overall Mesa de Plata Mineral Resource of 27.4Moz silver in 10.5Mt @ 82g/t Ag.

“The approved MIA is the next step to develop the Camino Rojo Oxide Project. We can now begin construction and maintain our schedule to produce our first gold in 2021”, stated Jason Simpson, President and Chief Executive Officer of Orla.

Vice President of Exploration, Charles Funk, commented: “This discovery of high grades and good widths at San Carlos further demonstrates the potential of the Panuco project. With discoveries at two vein corridors over 6 km apart and four drill rigs in operation, the scale of the district is being revealed. Drilling under existing workings continues to prove a viable method for new discoveries. San Carlos has been mined down to the water table and underground sampling defined high grade mineralization that was open beneath the mine workings and this hole intersected the vein 55m below known workings.”

Ranjeet Sundher, CEO, remarks “Brigadier’s multi-talented team has been able to identify and complete the Picachos acquisition, close $4.2 million in financings and initiate exploration on this compelling gold-silver target all within a 4-week period. We are fortunate that Brigadier’s core leadership now includes our partner Michelle Robinson who together with her team, residing in Sinaloa, are intimately familiar with Picachos, the local community, and how to shape a sustainable and beneficial presence in the region.”

Kootenay President & CEO, James McDonald, stated “This area of the J and Z Vein has become very exciting and prospective following this second considerable intercept of high silver grades. Finding silver hosted in breccias and stock works in this area indicates the potential to discover large mineralized zones along shorter strike lengths than typically seen in the veins themselves.”

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “After a few months shutdown due to COVID-19, we restarted in late May with 8 drills focusing on in-fill and expansion of high-grade mineralization on the Babi Vista Vein. Drill results to date have been better than expected with 25 holes out of 124 holes showing grades greater than 2,500 gpt AgEq with good continuity.”