Category: Exploration and Development

Aztec CEO Simon Dyakowski commented “Success in our 2021 exploration program will build our confidence in the potential to advance the project to an initial open pit resource and elevate the profile of the Cervantes project in a region that has both porphyry copper and heap leach gold production in Mexico.”

Peter J. Hawley, CEO and President remarks, “We are quite excited with the results from our first drill hole drilled to the east of the last underground workings and the exceptional wide intersection of 68.6 meters of continuous silver in shallow oxide mineralization.”

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.”

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.”

“These results mark the successful conclusion of our 2020 drill program which was designed to expand and upgrade resources at the El Dorado resource zone. Drilling demonstrated that the deposit remains open in several directions and significantly expanded tonnage.”

“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.”

Kootenay President & CEO, James McDonald, stated “We continue to be extremely pleased with the drill results from Columba. The 1,186 gpt silver intersection from hole CDH-20-082 intercepting the B Vein is the highest silver grade reported to date over widths greater than 4 meters.”

Drilling is ongoing at Amalia and Radius will release further results as they become available. Radius and Pan American expect to complete 4,400 m in the current drill 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.”

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.”

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 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.”

“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.”

The exploration program planned by Silver Spruce includes prospecting, rock, soil and stream sampling, and initial geological and structural mapping of areas exhibiting significant alteration or mineralization.

“The feasibility resource estimation will include 21 veins (5 veins containing a majority of the high-grade mineralization) of the known 45 veins. The best opportunities for resource expansion for the upcoming Feasibility Study are the Babi Vista Vein and Babi Vista Splay Vein, which were both discovered after the PEA release.”

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.”

Capstone have indicated that they have planned an initial 2,500m drilling program as part of their required $450,000 USD expenditure commitment for 2021. Drill locations will be finalised following interpretation of the IP report, with provisional planning well underway.

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.”