Southern Silver Exploration Corp. reports that drilling has commenced on its 100% owned Cerro Las Minitas, Ag-Pb-Zn property, located in Durango, Mexico.
“We look forward to seeing the results from the second half of the 2024 program, which I expect will further indicate the potential to build on our resource inventory with the year-end mineral reserve and resource update and support the Company’s target of sustaining annual gold equivalent production between 450,000 to 500,000 ounces beyond 2030.”
“The combined favorable grades, strike length, vertical extent, and vein proximity, along with the manto’s size and continuity, make the deposit attractive for underground bulk mining,” said Don Gray, Chief Operating Officer. “Our exploration team’s careful attention while relogging the historic drill results provided an alternative geologic model.”
“The results from the soil survey are simply incredible with samples exceeding the analysis overlimits two to three times; outlining the much larger potential for significant mineralization at Gran Pilar” commented Brodie Sutherland, CEO. “The consistently high values across the area is telling of the overall potential, this area also coincides with early reconnaissance sampling that has returned significant gold and silver values released earlier this year.”
“With these acquisitions, we now control over 95% of this high-grade gold district,” stated Darrell Rader, President & CEO of Minaurum Gold. “We are excited by the robust gold grades returned by shallow historical drilling that averaged depths of less than 100 m with the deepest reaching a vertical depth of only 135 m. We believe these highly exposed gold veins have the potential to coalesce into a single substantial gold system at depth.”
Torex Gold’s Media Luna Project is 87% complete, with the plant tie-in rescheduled to February 2025, allowing for first copper concentrate in Q1. This shift boosts 2024 gold production guidance to 450,000–470,000 ounces, leveraging an extra four weeks of production.
Darren Koningen, CEO of Minera Alamos, stated: “The Copperstone project is an ideal addition to our portfolio of low capex, late-stage development projects. The site has significant infrastructure and permits in place which will allow our technical group to quickly advance the project into production.”
Heliostar CEO, Charles Funk, commented, “We took our most aggressive step-out shots with the first holes of the 2024 program at Ana Paula. The results show two critical points about Ana Paula. First, we believe the High Grade Panel can be expanded by over 115m down plunge. Second, that new zones of gold could be identified surrounding the main panel.”
“We are very pleased with Jupiter Gold and Silver and the 1832 Funds’ continued support and welcome several new high-quality Australian and global funds to the register. The funding allows Mithril to considerably expand drilling at Copalquin with additional drill capacity and open up the district for more rapid advancement of exploration work.”
Kootenay’s President & CEO, James McDonald states, “Another great set of drill results from Columba. Hole 171 is especially exciting with an 87-meter-wide zone of continuous silver mineralization and as a step out down dip and along strike about 50 and 100 meters to the southeast of CDH 140 and 125 respectively.”
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