“Acquiring La Reyna in the historic high-grade Cusi District gives the Company a foothold in another major mining district in Chihuahua, only 90km from our flagship Guigui Project.”
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the continued positive results from the drilling at Rodeo. The drill program has provided us with significant additional information on the details of the high-grade gold zone, expanding the extent of potentially minable material in many areas of the planned open pit.”
Tocvan is currently finalizing drill targets for Pilar, applying for the required permits, and negotiating with contractors in preparation for their near term drilling program.
“Our expansion into new areas has yielded several highly prospective geologic finds consistent with those seen in producing mine regions elsewhere along the emerging Au-Ag mineral belt,” said David Jones, Exploration Manager and Director of Megastar. “The systematic application of our exploration model continues to expand target areas within our existing projects and has guided us to previously unrecognized mineral districts with additional exploration potential.”
“Our exploration program at the La Trini target in Los Ricos North is continuing to provide strong results and a better understanding of what controls high grade mineralization. Our drilling program in Los Ricos North is rapidly expanding from La Trini towards Salomon-Favor with a total of 6 drill rigs currently and a plan to increase to 8 to 10 rigs over the next 60 days,” said Brad Langille, President and CEO.
“We are maintaining communication with drilling and geological teams in Mexico to exercise contract offers on a timely basis and we look forward with great anticipation to initiation of our fully funded Phase 1 drilling program on the Pino de Plata silver project.”
J. Duane Poliquin, Chairman of Azucar commented, “We are pleased to provide this initial resource estimate for the Norte Zone, which is a significant mineral endowment at just one of the many targets at the Project.”
Geo Digital has prioritized 3 areas on the property for follow-up exploration work identified as the West Evelyn target area, the El Sahuaro target area, and the NW Cerro Rojo target area on the attached map.
Capitan’s CEO, Alberto Orozco, stated: “I am very excited to commence drilling at the Peñoles Project, and to be doing it as scheduled despite the challenges faced by our industry pertaining to Covid. We have a great technical team at Capitan, with significant experience in heap leach projects in Durango, Mexico. I am also pleased to have Layne de Mexico contracted as our driller at the Peñoles Project.”
“At La Soledad, the drilling has confirmed the high grades for gold and silver and has indicated considerable size for the La Soledad mine area with multiple high-grade parallel veins intercepted in this preliminary program. We are very pleased with these first drill results and to have gained considerable understanding about this multiple high-grade vein system. We look forward to returning to La Soledad in the next program.”
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