Category: Exploration and Development

“The recently announced assay results on the La Dura, historic mine by Tarachi on August 20 confirm the importance of these new concessions. As well, the announcement on August 27 of the diamond drill mobilizing to La Dura and the Project’s geological similarities indicated the importance of these new concessions to Tarachi”, commented CEO Lorne Warner.

Vizsla President and CEO, Michael Konnert, commented: “I am very pleased to announce that we have made a new, high-grade discovery a kilometre north from the original discovery at Napoleon. To have hit a high-grade discovery on the first hole at Papayo is a clear demonstration of the scale and potential of both the Napoleon Vein Corridor and the Panuco district.”

“Drilling is the most exciting phase of mineral exploration and the Company is looking forward to developing its understanding of the gold zones along strike and to depth and the potential in discovering new zones. The Company’s recent geological and structural mapping and rock sampling program has provided new interpretations to the controls of the gold mineralization in several prospects which will greatly aid our drilling program towards success,” commented CEO Lorne Warner.

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest’s predecessor) in 2015, as a continuation of our regional exploration program on search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent.”

Silver Viper’s President and CEO Steve Cope states, “We are extremely pleased to see the second of our scissor holes at El Rubi intercept a long run of mineralization, starting at a depth of 75 metres down hole. The hole was designed to intercept thin but often high-grade stringers we have seen in the footwall of the El Rubi structure. While not unexpected, the length of this interval reached 110 metres of gold-silver mineralization which is a very positive result. This discovery requires rigorous and extensive follow up, but it appears to support our belief that the western zone could reveal itself as a significant part of the El Rubi story.”

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We continue to intersect thick intervals of near-surface, high-grade gold mineralization at Rodeo. The results of this infill drilling program are showing an improvement in gold grades on average compared to previous drill hole results. This further supports our plan to develop the project and process this high-grade material in our oxide plant at Velardeña.”