“This is a major milestone as we advance towards full ownership of Pilar and consolidate the district with its exciting gold and silver potential,” stated Brodie Sutherland, CEO.
Radius Gold Inc. is pleased to provide an update on drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico.
As previously announced May 10, 2023, Silver Valley entered discussions with LitioMX, (the national lithium company of Mexico), with the goal of these discussions to ultimately formalize a partnership agreement to explore and produce lithium in Mexico. Silver Valley maintains its 100% ownership of the Potassium Sulphate component of the dual commodity MexiCan Lithium-Potassium Project.
Greg McKenzie, President and CEO stated, “The Golden Tag team is excited to have drilling now underway at the recently acquired La Parrilla Complex, a silver mine with a long history of production and profitability which hosts significant in-place infrastructure including a 2,000 tpd processing facility. This initial phase of drilling is designed to increase the Inferred Resource base at the Project and is the first step in our goal of restarting production at the La Parrilla Complex.”
“We are excited to report that we hit substantial widths at grades well above our current cutoff grade on all four drill holes as we look to define the mineralization limits at depth,” said David Wolfin, President and CEO. “In addition, we have continued to define the hanging wall breccia which is an offshoot of the main Avino Vein that originates from surface.”
Orex’s President & CEO, Ben Whiting, P.Geo., said; “This is a positive step in the advancement of the Coneto Project. An understanding of the alteration of host rocks, due to hydrothermal fluid flow, is important for identifying feeder systems for the gold and silver mineralization.”
Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, “Since acquiring the La Guitarra property in March 2023, we have completed the first-ever district-wide mapping exercise of the Temascaltepec mining district. The data will provide valuable information as we work on interpreting the controls on mineralization, advance our understanding of project-scale systems and plan future drill programs in the Eastern and Western districts.”
“Our regional program also continues to highlight the long-term potential in the Mulatos District. Following up on our initial success at Capulin earlier this year, step-out drilling has confirmed the significant potential in the area, returning the best hole to date. Mulatos has a long history of Mineral Reserve replacement through the discovery of a number of high-return deposits within the District.”
Chief Executive Officer of Vortex Metals Vikas Ranjan emphasized the significance of Phase 1 completion, stating: “The results of our finalized geological field program are very promising and mark a crucial milestone in the company’s timeline. Data gathered from the now-complete Phase 1 will be instrumental in shaping future drilling initiatives, which we believe could ultimately lead us to the discovery of substantial VMS structures.”
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “These drill results at Los Reyes further demonstrate potential for expansion of the current resource inventoried in our May 2023 MRE. Specifically, we are very encouraged by the results at the southern part of the Z-T Zone where hole 23TA-71, coupled with previously released holes 67 and 69, is extending the resource envelope over 200 m below the MRE boundary – more than 100% increase in vertical extent.”
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