Category: Exploration and Development

“These drill results, as well as the set released in January, are amongst the best ever drilled at Cozamin. Despite the temporary ramp down of operations at Cozamin, due to COVID-19 restrictions in Mexico, we are well ahead of schedule and still expect to deliver an updated Mineral Resource and Mineral Reserve estimate and Technical Report by the end of this year,” said Brad Mercer, SVP Exploration and Operations.

Significantly, the drilling to date continues to demonstrate that thicker units of high-grade mineralisation occur within the current resource model at Level 7 which is the deepest of the main ore workings developed at Plomosas at approximately 240m below surface.

The prospect areas to the northwest of Plomosas are prospective for gold as the area has undergone structural brittle deformation resulting in auriferous quartz, hematite veins containing variable copper mineralisation and related alteration occurring during deformation. The confirmed presence of intrusive granite to the north may be the driver for any potential mineralisation occurrence in the Don Lucas concession, which includes the La Chona-Enrique trend.

Silver Viper’s President and CEO Steve Cope states, “The drilling results have been very encouraging, and we eagerly await the opportunity to return to site to complete sampling of the two remaining drill holes and resume our Phase II drill program. We are taking the opportunity afforded by this pause in work, to focus on the interpretation of surface sampling results and diamond drilling results as well as geological mapping data assembled to date.”

Prime Mining Corp. reports that results from new trenches and road cuts in the Company’s ongoing surface exploration program continue to show wide mineralized areas over the Guadalupe West deposit.

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with the progress and high-grade gold results above and around the former mining operations at Santa Rosalia and other target areas. We look forward to progressing this Project potentially with a joint-venture partner and are excited to be located in between two highly valued mining and development operations. The approved drill permit allows Riverside to take the next necessary steps at Los Cuarentas.”

The RC drilling program at the Alacrán Project has been suspended with 36 holes completed for 3,604 meters. The best gold intersections include hole MDPC-143: 126.0m @ 2.0g/t Au from 1.5m; including 34.5m @ 3.9g/t Au.