Category: Exploration and Development

Radius Gold Inc. is pleased to report that the phase three diamond drill program at its Amalia Gold-Silver Project in Chihuahua, Mexico has been completed. The high-grade mineralized shoot discovered at Amalia in December 2018 has been extended at depth and remains open to expansion. Defining its extents and new high-grade shoots will be the goal of phase four drilling.

Fred Stanford, President and CEO of Torex Gold, stated: “The purpose of the planned 175 hole infill drill program was to upgrade approximately 13 million tonnes (25%) of the Inferred resource to the Indicated resource category. The program was successful, 166 holes were drilled, 12.6 million tonnes were upgraded, and there was a modest increase in gold equivalent grade.”

“We continue to meet important milestones at the San Martin mine and especially with the acquisition of these additional claims. The latter will bring exciting new exploration targets and test theories about the extending mineralization” said Salvador Garcia, Chief Operating Officer of the Company. “Our next milestone is to release an exploration plan in the first part of this year”.

The Company’s decision to terminate the mining contract with Ganti, was a result of an annual review of the contractor’s performance and productivity, and a review of their progress claims which identified significant overcharging and their underperformance at the Plomosas mine.

“Progressing to drilling is the next step of Vizsla’s rapid advancement of the Panuco district. The 2020 program builds on the early success in 2019, including sampling six prospects with multi-kilo silver intercepts in channel samples and raising over C$6,000,000 to fund the Company’s maiden drilling program.” President and CEO, Michael Konnert stated, “This program is intended to unlock the potential of the district that Vizsla has consolidated for the first time in its 450-year history.”

Azure Minerals Limited is pleased to advise that Reverse Circulation drilling has recommenced at its 100%-owned Alacrán Project following the scheduled Christmas-New Year break. In the few days of drilling undertaken prior to Christmas, the Company completed two holes for 236.5m.

Kootenay President and CEO James McDonald states, “We continue to be pleased with drill results from Columba that now indicate significant strike extensions to the F vein and a potential new zone in the B vein south of the old mine workings.”