Category: Exploration and Development

‘It is remarkable to have defined such highly prospective geology so soon after the start of our field program.,’ said David Jones, exploration manager and director of Megastar. ‘The work to date supports our initial interpretation and looks as promising as the early stages of other exploration programs in the region which are now producing mines. The goal now is to expand known areas and discover additional new targets. We await pending results with great anticipation.’

Commenting on the Rossy acquisition, Craig Dalziel , Oroco’s CEO, stated: ‘Acquiring the Rossy concession is a big step forward in Oroco’s land assembly initiatives at Santo Tomas. The Rossy concession has long been an acquisition target for Oroco for reason of its favourable geology and proximity to the Brasiles Zone.’

Discovery’s President and CEO, Taj Singh commented: ‘The receipt of the drilling permit for Monclova is a significant step for the Company. Our team has been working diligently to develop an exploration plan for the Project and has delineated multiple high-potential drill targets that we can test in 2019. This will be the first drilling ever carried out at this past-producing, high-grade project.’

‘The receipt of the Environmental and Change of Land Use permits together mark a significant milestone for VVC,’ remarked Jim Culver, President. ‘VVC’s vision has long been to commence operations in the Gloria zones with a copper Pilot Mine, in an environmentally and socially responsible manner, while generating positive economic and community impacts’

Goldplay President and CEO Marcio Fonseca commented, ‘A high grade gold zone containing 24 m at 2.11 g/t Au, has provided the Company with encouragement that the Nava target could host a significant body of gold mineralization in a low sulphidation epithermal system. Located west of the previous Nava trenches, it opens up a large unexplored area between the trenches and along strike for additional exploration potential for new discoveries in the San Marcial Project. The drilling program in progress will test below these two Nava target areas for depth continuity and additional understanding of the mineralized system.’

N. Eric Fier, CPG, P.Eng, and CEO, remarked, ‘We are pleased with these initial positive underground high-grade results but caution that they are preliminary in nature and should not be considered representative of an increase in the overall Babicanora Vein resource estimation. That being said, these results represent a significant first step toward understanding the grade variability and potential upside of the deposit as we continue to de-risk the project.’