Dr. Craig Gibson, President and CEO, commented: “Exploration over the last year and a half has identified several robust exploration targets at Los Pavitos. We are looking forward to drilling the particularly prospective Santa Cruz and Las Aurus areas as well as other mineralized zones.”
Ron Goguen, President & CEO commented: We have been focussed on our Caborca Gold Belt properties over the last few months and are pleased to be getting back to the Sierra Madre and our Diamante property. We will be further assessing existing targets & developing new ones with a grass-roots approach. Furthermore, Colibri will be assessing and prioritizing targets and work programs across our complete property position in the Sierra Madre epithermal belt which includes the Diamante, Mezquite, and Jackie properties.”
Kootenay’s President & CEO, Mr. James McDonald elaborates, “The ongoing surface mapping and prospecting at Columba continues to increase our understanding of this caldera hosted, silver-dominant epithermal vein system. Our team continues to identify and refine extensions of known mineralized veins and our work has also identified new veins, as yet undrilled.”
“Significant progress has been made at Plomosas as the team nears operational status at the mine. Since closing the acquisition of Plomosas, our experienced team is nearing a major milestone with all rehabilitation efforts in the final stages both on time and within budget. We are excited to bring the mine and plant back online after a near one year hiatus”. said IMPACT Silver President & CEO Fred Davidson.
“We are excited to report these high-grade mineralization intercepts at Palos Verdes. What makes these results even more significant is that they come from drill sites that were not previously accessible for drilling,” said Dr. Craig Gibson, President and CEO of the Company.
“Our understanding of the La Republicana Zone has been greatly advanced, and these initial step-out holes are a great start to this phase 2 drilling, building up a decent sized mineralized zone close to the surface with very economic grade oxide gold,” said Reyna Gold CEO Michael Wood.
Silver Tiger’s CEO, Glenn Jessome, stated, “This drilling indicates that the Sulphide Zone continues to extend along strike with an increase of 50 meters to the south. The high-grade Sulphide Zone now has a total strike length of over 250 meters and is open in all directions. Further drilling to the north and south of the Sulphide Zone should continue to expand this area of known mineralization.”
Dr. Craig Gibson, President and CEO, commented: “Trench sampling at Los Pavitos has shown that in some areas the narrow high grade quartz veins defined in surface sampling are hosted by wider mineralized structures. Wider zones of gold mineralization near the surface could be important for future development of the property. We are looking forward to exploring these mineralized zones by drilling, planned to commence shortly.”
“We are very pleased with the results from phase 1 of 2023 drilling. The more we explore this property the more indications we find of a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple overprinting events. This project is in its infancy and we are only beginning to realize what its potential might be.” – Michael Tucker – Director and Lead Geologist.
“We’ve drilled over 100 additional holes in the Main zone at Los Ricos South since our initial drilling which was included in our July 2020 Mineral Resource Estimate. Our additional drilling has helped us better define the continuity of the high grade ore shoots in the deposit,” said Brad Langille, President and CEO.
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