Category: Exploration and Development

“We have encountered significantly higher than anticipated grades and widths at NE-1S from surface,” stated Ben Pullinger, Senior Vice President Geology. “More importantly, we have identified an open zone to continue expanding the mineralized footprint to the east with our ongoing drilling program during 2019.”

Fred Davidson, President & CEO, stated “We are encouraged that Dr. Oliver’s work has advanced our internal geological model and understanding of a potential larger bulk tonnage gold system within our 357km land package. We have large areas of excellent ground to explore and are in production on less than 2% of the land package. We look forward to exploration results that will come from the work recommended by Dr. Oliver.”

Kootenay President & CEO, James McDonald stated, “We are very pleased with results from mapping and sampling recently completed at Copalito. This Program not only returned numerous high-grade silver values, but also found significant gold values and extended the mineral strike length of all known primary veins. Furthermore, we discovered parallel veins, increasing the dimensional potential of the mineralized system. Copalito is a rare opportunity of an undrilled vein swarm with the potential for a high-grade discovery, which can have immediate impact in the value of the Company even with low silver prices. It is the second such project acquired in 2018 with the other being Columba.”

The 2018 exploration program at Mercedes was focused on the expansion of high-grade, near-infrastructure targets that may be upgraded to mineral resources and mineral reserves while also supporting the development of new deposits to increase mining flexibility and productivity. Toward this end, 280 greenfield and brownfield drillholes representing 40,720 m were drilled.

The project area is previously unexplored with only minor historic artisanal-scale pitting of surface outcrops known. Radius geologists discovered the project during regional prospecting surveys. Epithermal silver/gold (plus significant copper, zinc and lead) mineralization has been sampled by Radius in several veins, vein breccias and disseminated zones over a 9km N/W trend. In total 83 prospecting rock chip samples were collected from the property that range from 0.001 to 16.5 g/t Au and 2 to 2030 g/t Ag. Additionally, several zones have accessory copper 0 to 3.79%, Zinc 0 to 13.9% and lead 0 to 3.45%.

Orex’s President, Gary Cope says, “The importance of skarn-style mineralization in Mexico is on the rise, as shown by new discoveries at Pan American’s La Colorada Mine and the ongoing work of Southern Silver’s Cerro de las Minitas project. Orex’s San Luis del Cordero, like both of these projects as well as the famous San Martin Mine in Zacatecas, are polymetallic skarns in the Mesa Central of the prolific Silver Trend of Mexico.”