Category: Exploration and Development

“We are already seeing excellent indications of a robust mineralized system beyond Pilar,” stated Brodie Sutherland, CEO. “The presence of pervasive hydrothermal alteration, silicified tourmaline breccias along with significant historic underground workings and years of active placer gold extraction are providing key indications that the area is prospective for drill targeting.”

“The Monumental Minerals drilling program at Jemi was the first in the area, with all drill holes targeting prospective areas based on surface geochemistry and 3D aeromagnetic geophysics. Interpretation of drilling results including assays and core logging show that Jemi continues to be a highly prospective target for rare earth elements. Our initial drilling campaign has proven very valuable in vectoring toward potential buried mineralization at Jemi.”

Radius now has two rigs on the property with drilling advancing, although at slower rates than anticipated. Diamond drill holes 2 and 3 are in progress…

Work has focused on the Rhyolite Dome area and has moved westward toward the copper-bearing gossans of the Laminas zone which may represent a Cu-rich stringer zone in the footwall of a VMS deposit.

“Ultimately, this current resource statement is just the first, conservative iteration of the geological potential across the broader Santana property with a goal of the current starter mine being a source of organic funding to prove up the greater potential of the area.”

Heliostar CEO, Charles Funk, commented, “These metallurgical results represent a significant step-change in our understanding of the Ana Paula Project. An 80.4% recovery using conventional grind sizes and recovery techniques indicates the High Grade Panel has the potential to be processed through a simple mill flowsheet.”

“We are very excited about the first phase of drill results at Lucy. The drill results suggest a mineralized skarn that outcrops at surface, and the system has been traced over a strike length of at least 500 metres. Follow-up exploration is planned to better evaluate the scope and scale of this new discovery.”

Chris Wright, Chairman & CEO, commented: “Multiple years of technical analysis have outlined and confirmed that resource building targets exist in the hanging-wall and footwall of the main Veta Grande structure. Our team has diligently built a comprehensive geologic model that has led to the intersection of wide intervals and high-grade mineralization.”

Kootenay’s President & CEO, James McDonald states, “We are very pleased with the progress so far. I am encouraged to see the strongly mineralized D-Vein encountered as expected in these holes and significantly wide halos of stockwork mineralization that adds to the potential to increase known mineralization more quickly along this structure. We are awaiting assay results and will report on them when received and compiled.”

Heliostar CEO, Charles Funk, commented, “Ana Paula continues to outperform our expectations and is growing more quickly than we expected when we acquired the project. The current two holes are 26% and 225% higher than predicted in the resource model and, in total, twelve of the thirteen holes targeting the High Grade Panel delivered intercepts with better grades or widths than the existing resource model.”