Category: Exploration and Development

GR Silver Mining President and CEO, Marcio Fonseca, commented, “The mineralized veins and hydrothermal breccias at the Plomosas Mine Area were originally interpreted to be confined only along the major Plomosas Fault, however our recent validation and integration of all drill results, underground structural mapping and sampling, supports the occurrence of additional mineralized veins outside of that major structure.

Chris Wright, Executive Chairman & CEO, commented: “In the past four months of remote work, and in conjunction with our previous exploration, our understanding of the underlying mineral systems at our Zacatecas projects has advanced and evolved considerably. Our geological model has defined a large number of targets outside of our main resource along the Veta Grande vein that we are preparing for drill testing.”

Taj Singh, President and CEO, states: “We continue to intercept wide zones of bulk-tonnage style mineralization along the North-East Extension at Cordero. In addition, our understanding of the previously overlooked high-grade vein trends on the property continues to evolve.”

Golden Minerals Company announced today that it has signed a letter of intent with Fabled Copper Corp. for a transaction that, if executed, would grant Fabled the option to acquire a 100% interest in Golden’s Santa Maria silver-gold project located in Chihuahua State, Mexico.

Planning for the gold exploration program has continued with desktop studies which have established targets and defined a Scope of Work for immediate commencement of field mapping, sampling and drilling in the current field season.

CEO Michael Konnert stated “Following the announcement of the high-grade results from the Napoleon vein last week, Panuco has demonstrated significant potential at the underexplored district. With the third drill rig on site and expanded discovery drill program, Vizsla can now explore other high potential targets along the Napoleon, Cordon del Oro and Animas vein corridors.”

Silver Viper’s President and CEO Steve Cope states, “Work on site progresses steadily and systematically. We explore with a section by section approach at El Rubi. Results of a newly generated airborne geophysics survey are expected to assist in our definition of drill targets along the El Rubi trend. We are pleased to have completed the initial test at the Macho Libre prospect and that the drill is now moving to Rubi East while we await the balance of Macho sample results.”

The Phase 1 program is focused on: upgrading and expanding the current mineral resource; testing identified zones of high-grade gold and silver potential; and advancing our understanding of the geology and structural controls of the known deposits on the property.

Kootenay President and CEO James McDonald stated: “These results show excellent continuity and grade along the F Vein for 700 meters of strike length and depths to 240 meters. Having established at least one well mineralized shoot within the F Vein over a substantial area we will now focus on testing other veins on the Property.”

“We are excited to begin stepping out from our numerous Phase I Drilling discoveries. Phase I confirmed our geological model, proved that Alamos is a silver district and generated a significant inventory of high-grade vein targets for Phase II drilling,” stated Darrell Rader, President and CEO of Minaurum.