Category: Exploration and Development

Mammoth Commences 2021 Field Exploration Program

“Our personnel are following guidelines suggested by leading medical experts while we advance activities at Tenoriba to position the project for the infill IP/Mag geophysics survey scheduled to commence mid-February. Once completed, the new geophysical data will be incorporated into the 3D modelling of all historic and new geophysical data, plus all surface and drill data, to assist in selecting drill targets for the Mammoth’s upcoming 2021 drill program.”

Vizsla Extends Papayo Prospect to the South at Panuco Project, Mexico

Vizsla President and CEO, Michael Konnert, commented: “Papayo now extends over 240 meters of strike with two parallel veins containing mineralization and remains open. It is located approximately 1km north of the Napoleon discovery and is one of a number of targets along the vein corridor.”

Southern Silver Extends Oxide-Gold and Sulphide Zones at Cerro Las Minitas with 6.1 Metres Averaging 344g/t Ag, 5.7% Pb and 3.9% Zn (728g/t AgEq) and 1.0 Metre Grading 1070g/t Ag, 23.3% Pb and 3.2% Zn (1,937g/t AgEq)

President Lawrence Page, Q. C. noted: “The present mineral resource estimate is based upon results derived from drill holes situate on the West side of the Cerro. Results from seventeen drill holes located on the East side of the Cerro, many containing high-grade mineralization, are not included in the 2019 Resource Estimate. Drilling currently being conducted on the east side of the Cerro is producing significant values of both oxide and sulphide mineralization, the results of which, together with results of the seventeen drill holes previously drilled, will be incorporated into an updated 43-101 Mineral Resource Estimate leading to further economic assessment studies incorporating all data later in 2021.”

Silver Tiger Makes New Discovery of the Benjamin Vein Intersecting 1,310 g/t AgEq Over 3.0 Meters Within 5.5 Meters Grading 732 g/t AgEq

“Intersecting this wide zone of high-grade precious metals in the newly discovered Benjamin Vein with the first 3 holes ever drilled in it is very encouraging. We will be aggressively following up on this discovery as we resumed drilling last week post-Christmas shutdown. I am confident this will be the first of many new discoveries in the Historic El Tigre District.”

Sonoro Announces Final Assay Results From 2020 Drilling Program

Kenneth MacLeod, Sonoro’s President and CEO, added, “I am very happy to report at the conclusion of the 2020 drilling program that the program’s goals, as they relate to the overall development of production at Cerro Caliche, have been achieved and that the entire campaign to begin gold production at Cerro Caliche remains on track.”

Brigadier Intercepts 9.49 g/t Gold and 24 g/t Ag across 3 Metres at Picachos

Ranjeet Sundher, President and CEO, also comments “We are impressed with the speed in which Michelle and her team is de-risking the Picachos Project and increasingly demonstrating its regional scale potential. With just a small portion of the asset explored to date, I’m looking forward to keeping shareholders abreast as we aggressively move forward to further define the Colomeca Vein System while also commencing examination of the large copper-molybdenum porphyry target located on the northern part of the Property.”

Osisko Development Provides Corporate Update

At the San Antonio Gold Project, we have completed the engineering and permitting to process the gold mineralized stockpile via heap leaching. 35,000 meters exploration and infill drill program of the Sapuchi, Golfo de Oro and California Projects have been planned. We have established an initial exploration budget of approximately US$6 million for 2021.

Vizsla Expands Napoleon Further Towards Surface, to Depth and to the North at Panuco Project, Mexico

Vizsla President and CEO, Michael Konnert, commented: “We continue to grow the area of mineralization at the Napoleon discovery in all directions with drilling. We are particularly encouraged with the wide zones remaining open in the deepest drilling. The greater Napoleon corridor has significant potential, and the Company continues to expand both the Napoleon zone and the Papayo zone and is adding rigs to systematically explore the entire 2.7 kilometre long vein corridor. Vizsla is well-funded as it continues its aggressive exploration of the Panuco district.”

Capstone Advances Two Operational Growth Projects to Sustain 200 Mlbs Copper Production Starting in 2022

“This is the first year of a multi-year growth phase for Capstone that will target 40% higher production with 15% lower costs by 2022, compared to last year’s guidance,” said Darren Pylot, President and CEO. “In the coming weeks, we will close the $150 million silver stream announced last month with Wheaton Precious Metals and it will allow Capstone to become debt free in 2021, while operating in this strong copper price environment.”

Discovery Announces 2021 Work Program & Budget at Cordero

Taj Singh, President and CEO, states: “We anticipate 2021 will be a transformative year where we firmly establish Cordero as one of the few silver projects globally that offers margin, size and scaleability. Our focus is to both de-risk the Project by delivering a technically robust PEA, and to deliver resource growth, by expanding known zones and making new discoveries.

Mexus Continues To Meet Its Production Goals at Santa Elena Mine

“Mexus continues mining at the Mexus III area where a potent shear zone is being followed. Assayed results are showing between .7 to 1.3 g/t Au with approximately 600 tons a day being moved to the crushing plant. Leaching continues to produce .2 to .35 ppm Au at 60 gpm producing 3 ozs per day which is expected to double by February 1st.”

Silver Spruce Mobilizes Phase 1 Exploration on Jackie Au-Ag Property, Sonora, Mexico

“Silver Spruce now has experienced boots on the ground at our large grassroots property in a very productive region only two kilometres from our El Mezquite property and adjacent to Minera Alamos’ Santana project. We have maintained technical continuity in our Sonora-based geological team which started working this past week on the Jackie property,” said Greg Davison, Silver Spruce VP Exploration.”

Golden Minerals Company Begins Gold Production

Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today, “I’m very pleased to announce that Golden Minerals has officially transitioned to gold-silver producer from exploration company. Despite the Covid-19-related uncertainties of the past year, we’ve been able to develop this project and put it into production ahead of schedule and on budget.”

Canasil Resumes Drilling at the La Esperanza Silver-Gold Project in Durango and Zacatecas States, Mexico

The La Esperanza silver-gold-zinc-lead project covers 14,916 hectares, located 100 km SSE of the city of Durango in southern Durango and northern Zacatecas States, Mexico. The project is easily accessible from Canasil’s operating base in Durango with excellent infrastructure. The project is located on the well-recognized world class Fresnillo silver belt, hosting a number of prominent silver mines such as the San Martin-Sabinas mines of Grupo Mexico and Industrias Peñoles, the La Colorada mine of Pan American Silver Corp., Fresnillo PLC’s Fresnillo mine, and the Fresnillo-MAG Silver Corp. Juanicipio mine.

Colibri Resource Corp. Recommences Trenching at Evelyn

“We are extremely impressed with the exploration results of 2020 from the Evelyn property including the high grades of some of the recent trench sampling. Our plan for 2021 is to capitalize on this momentum and swiftly prepare for a drilling program on the Evelyn Gold Project,” said Ron Goguen, President & CEO of Colibri.

Riverside Reports on the First Phase of Drilling at the Cuarentas Gold Project, Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have drill-tested the Santa Rosalia target, which is only the first of four target areas along a 2.5 km mineralized trend. Results have demonstrated a structural complex environment that Riverside’s team is reviewing and using for refining and developing more targets that we look forward to testing in the coming months at Cuarentas.”

Boytec Sondajes de México is a member of Christensen Boyles Corporation, with over 100 years in the drilling business. The company has over 27 years of experience operating in Mexico and has 32 drills ranging from small heli-portable/man-portable Hydracore rigs to large Schramm T685WS rigs for deep water well and RC drilling. Boytec is expert in specialty drilling and can effectively fulfill any drilling requirements.
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