Category: Exploration and Development

Tim Barry, President, CEO and director of Silver Bull states, “We are very pleased with the continued excellent results from our underground drill program in the sulphide zone. The high grade silver-copper mineralization seems to be hosted along favorable bedding horizons that have been steepened by an over lying thrust fault. Both the thrust fault and the favorable bedding horizons can be traced for over 5 kilometers along the entire deposit and suggests there is significant potential to expand the high grade silver-copper mineralization by targeting these geological features. In addition recent channel samples in two new zones of very high grade zinc sulphide mineralization grading up to 30% zinc identified in recently reconditioned underground workings sit along trend to the west of the current drill program (announced 10 January 2018) and suggest significant scope to expand high grade zinc mineralization into this areas. Work is currently underway to identify drill pads to target these areas. Continued results from the drill program are expected out over the next month.”

“The program will build on our highly successful 2017 Phase 2 drill program as we move forward to an expanded resource estimate for these two zones,” stated Brian Robertson, President & CEO. “We are very excited with the results of the Phase 2 program which delineated the high-grade El Dorado Dike Contact zone and extended the El Dorado/ Juan Bran zone by a further 65 metres to the west. We look forward to expanding the high – grade Santa Cruz zone and testing high-potential targets that have been identified on the property.”

N. Eric Fier, CPG, P.Eng and CEO, remarked, “Our drilling on the Babicanora Vein continues to expand the high-grade precious metal mineralization along a drill-tested strike length of 1.3 kilometres. The southeast extension of the Babicanora Vein, known as “Area 51” after the discovery hole, appears to be expanding in height to over 200 metres and remains open along strike and to depth. Area 51 has multiple bonanza grade intercepts within its near-surface high-grade footprint. We are only weeks away from finishing our final drill holes for incorporation into the anticipated Las Chispas maiden resource estimate.”

CEO Paul Thompson stated “Adding Cesar Lemas to our management team affords us the ability to have multiple projects in different phases at any given time. His knowledge of the land and his ability to manage the local jurisdictions will prove invaluable. Our shareholders will understand my excitement for the Mabel-Dana project when they see the updated report.“

Orex’s President, Gary Cope says, “We look forward to conducting a new exploration program on this promising silver-copper-zinc project in the prolific Silver Trend of north-central Mexico. This is another key step in the revitalization of Orex.”

“Cerro Caliche is a very compelling under-explored gold project area located in the Sonora-Cucurpe mega-district located between the prolific north-south oriented Sierra Madre Gold Belt to the east and the northwest oriented Sonora-Mojave Megashear complex to the west,” said Kenneth MacLeod, President and CEO of Sonoro. “We are especially pleased to be able to capitalize on and continue previous exploration episodes of this productive older gold mining district and to draw upon the extensive technical expertise of Sonoro’s Mexican technical team, directed by noted geologist, Melvin Herdrick.”

This drilling completes the third project in a 6,900m program to test 3 of Prospero’s projects under the terms of a strategic investment from Fortuna Silver Mines Inc. made in May 2017. Prospero and Fortuna are planning a 3-4 hole, 1,800m drill program to test 2 targets with deep, angled holes. Drill collar maps and draft sections for the Pachuca drill holes are available on Prospero’s website.

Carlos Silva, COO of Santacruz, stated “This drill program will allow Santacruz to establish a maiden resource estimate on the Veta Grande vein in the first half of 2018,” Mr. Silva continued “Following this Phase 1 program the Company’s plan is to broaden the exploration program along the northern strike of the Veta Grande vein as we are eager to test the strike extent of this important historical vein system.”

Thomas Atkins, President and CEO of Mammoth, commented on the initial drill results stating: “We’re very pleased with these initial results! The objective of this drilling is to test for the first time the depth extension of surface mineralization along a 6 kilometre trend identified by Mammoth. These initial results begin to confirm the continuity of potentially economical surface mineralization at depth along this trend.”

Kootenay President and CEO James McDonald stated “La Borracha is a very exciting target with the potential to add a significant number of new ounces to our resource. The zone has been traced on surface from the resource northward for at least 1,100 meters and the latest hole CC-17-37 indicates good grades and widths. The zone has seen very limited drilling and we are eager to commence the next round of drilling in the first half of February. “