Category: Exploration and Development

Kootenay’s President & CEO, James McDonald states, “This drill program has returned excellent results expanding on the size of high-grade D Vein silver mineralization. The zone is open in both strike directions and to depth exhibiting excellent potential for further expansion. It is very exciting to think of the potential when two of our easternmost holes leave the zone wide open with high grade holes of 501 and 532 gpt silver over true widths about 4 to 5 meters within fat intervals of 228 gpt and 338 gpt silver over true widths around 12 to 9 meters respectively.”

Rick Trotman, President and CEO, states, “I am pleased to report that Barksdale has entered the targeted Paleozoic carbonate sequence, which is the host for copper-zinc-lead-silver CRD mineralization in the area. Over the next 10-15 days, we anticipate that hole SUN-003 will cross through the projection of multiple massive sulfide zones that were encountered in historic high-grade hole TCH-2. Once complete, SUN-003 will act as the mother hole for multiple wedge holes in the Boundary Zone target area.”

“Results from channel sampling at Pilar further confirm the excellent bulk tonnage grade potential at surface.” stated Brodie Sutherland, CEO. “These locations were the source of recent bulk sample material in which we poured the first produced gold and silver from Pilar. More work is scheduled to evaluate additional recovery potential with the remaining bulk sample material.”

Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “Together with prior results, post-resource drilling at Central supports the potential for an expanded, high grade, low strip ratio, open pit. These results also suggest a potential merger of Central’s currently outlined San Miguel East and Noche Buena pits.”

“This result is one of the highest-grade and most consistently mineralized to date and continues to prove the significant potential of the developing new resources in the Gloria / Three Sisters vein system. In addition, these wider and higher grade veins are closer to the surface and will further improve their economic impact to our future mine plans,” stated Allen Palmiere, President and CEO of the Company.

Kootenay’s President & CEO, James McDonald states, “We are very pleased with the current program which continues to intercept D-Vein with excellent grades and widths. Each hole to date has expanded the size of the zone. We have two more holes to report on in this drill program, which are step outs to the southeast, where surface mapping indicates several hundred meters of strike potential on the vein.”

“We also continue to discover new targets and build new resources at our other mines, such as at La Colorada, El Peñon, Huarón and Timmins. In addition, multiple mineralised intercepts of over 100 metre widths have further expanded and added confidence to the large mineralisation footprint at the La Colorada Skarn project, demonstrating the world-class nature of the deposit.”

“We are very pleased to see continued concentrated precious metals grades in new areas, as well wider zones of dispersed gold values, which we consider positive for bulk mineable mineralization potential,” Dr. Craig Gibson, President and CEO commented.

Greg McKenzie, President and CEO, commented: “The Quebradillas Mine continues to deliver high-grade silver results within immediate proximity to the existing underground development and services. Within the C1524 Zone, the mineralization appears to be strengthening at depth, exceeding grades and widths within the past two mining horizons.”

“During the third quarter of 2023, the Tahuehueto Mining project continued progressing towards its objective of achieving 1,000 tonnes per day installed capacity by year-end and announcement of commercial production early in 2024,” said Mike Struthers, CEO. “Following a challenging operational performance in Q3 2023 at Campo Morado, in large part due to reduced throughput as part of a new optimization program by our colleagues at Ausenco, we now have, for the first time in the history of this operation, an understanding of how to correctly operate the project to achieve consistent performance and profitability.”