“We are pleased with the latest results which show further potential in the South-East Deeps zone beyond what we will be including in our next reserve and resource estimates update, which we continue to expect to complete in the third quarter of 2024,” said Dale Andres, CEO of Gatos Silver.
“Construction is well past the halfway mark, and site activities are beginning to peak,” commented Don Gray, Chief Operating Officer. “We are very pleased with the advance at the Upper Platform, which should be ready for dry commissioning in Q3 2024. We are concentrating resources on the Lower Platform to finalize earthworks and begin concrete works in early Q3. Underground mine development continues advancing in line with expectations as we accessed ore in Q2.”
“The exploration drilling results today round out our first phase of 2024 drilling, showcasing the continued extension of near-surface resources to the southeast” commented Brodie Sutherland, CEO. “The North Hill and Main Zone Trends now extend over 900-meters defined by drilling, while the 4-T Trend extends over 700-meters. All trends remain open to the southeast and northwest and the recent surface sampling highlights a broader footprint expanding to the east. Surface work is ongoing to further define and delineate key target areas across the expansion area.”
Greg Liller, Executive Chairman and COO of Sierra Madre, states, “Since acquiring Guitarra on March 30, 2023, our team has been working hard to get the mine back into commercial production. The commencement of test mining and processing is a significant step in that direction.”
“We are excited to progress our first three vein zones to a maiden resource. Delivering a resource will begin to align our geological advancements with those we have already made on the permitting side,” stated Darrell Rader, President and CEO of Minaurum Gold.
“The commencement of mining operations at the new Nicho Main Zone pit has begun reasonably within expectations, especially given there are always aspects of opening a new mining zone to be learned from and optimized. Importantly, the new mining plan provides a significant improvement in gold stacking activities at the Phase 1 leach pad. This positive shift in mine operations, as gold prices strengthen considerably, should provide a strong foundation for operations to return to being cash generative as the year continues,” stated Doug Ramshaw, President of Minera Alamos.
“Drill results are continuing to show the broad scale of mineralization at Pilar as we push out the edges of the known deposit.” commented Brodie Sutherland, CEO. “The infill drilling looks to connect each of the three known trends to date, the results tell us that mineralization does connect across these corridors. Most of the area has never seen detailed drilling and to see mineralization and alteration in all holes showcases the robust system we have.”
Heliostar CEO, Charles Funk, stated “This acquisition is transformative for Heliostar. The Company transitions from single asset developer to a multi-asset producer. The addition of the two producing gold mines provides cash flow to bring new production online.”
Kingsmen Resources Ltd. is pleased to update progress on the Las Coloradas project, located 30km from Hildalgo del Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by American Smelting and Refining Company, the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952.
“Drill results are continuing to show the broad scale of mineralization at Pilar as we push out the edges of the known deposit.” commented Brodie Sutherland, CEO. “The infill drilling looks to connect each of the three known trends to date, the results tell us that mineralization does connect across these corridors.”
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