“We are extremely pleased to have intersected the high grade La Soledad vein with the first drill hole of the program and excited to report these bonanza grades for both gold and silver. The second hole located part of the old workings and also returned an excellent intersection from the footwall of the vein.”
“While we knew the Phase 3 drilling was completed at La Joya, we were exceptionally pleased to learn the program returned the highest-grade silver, copper and gold hits to date from the Main Mineralized Trend,” said Mike Romanik, President of Silver Dollar.
Paul Ray, Director of El Alamo Resources Ltd and CEO of Raptor Capital International Ltd stated “The closing of the SPA represents an important first step in developing the Santa Teresa Gold Project into a high-grade operating gold mine. The acquisition by Comet adds a well credentialed Board and Management team that have over 50 years of combined exploration, development and mining expertise. The pending gold stream financing by Raptor, which is subject to definitive documents being finalised, is expected to fully fund the Project into production. We are looking forward to working together with the Comet team on this exciting Project.”
Major significant large structures (“plumbing”) with significant depth extents containing additional structures favorable for gold-silver mineralization have been recognized on the property. These standout features cover a large area extending across the property from the NW to the SE.
“We’ve had normal ups and downs that any new miner experiences when implementing new processes. The crew at the mine have done a great job of adjusting and fixing issues as they’ve arisen. Mexus will continue to increase production each quarter,” CEO Paul Thompson, Sr.
“At the La Trini target we’ve completed some short holes which have confirmed high grade silver and gold mineralization at surface. We will focus the drilling program this fall to confirm and expand on historical drilling and rapidly move towards defining the mineral resource of this deposit through grid drilling,” said Brad Langille, President and CEO.
“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.
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