“The 2023 drilling program has reinforced our confidence in the ability to continue to grow resources and extend the reserve life of ELG Underground, all with a goal of filling the mill with higher-grade feed and maintaining annual gold equivalent production of +450,000 ounces beyond 2027.”
Greg McKenzie, President and CEO, commented: “Drill results from within the C460 Zone continue to deliver exceptional results. The high-grade mineralization reported today in hole Q-23-022A extends this zone 62 metres below hole Q-23-020 (1,810 g/t Ag.Eq over 14.6 m). Combined, these two holes have demonstrated the mineralization extends 74 metres below the last mined stope (1767 EL), with higher grades and widths than what was previously mined in this area. We will follow up with additional drilling in this location in 2024.”
“The recent drilling results have added a new dimension to our near-mine exploration program, unveiling an exciting new mineralization style in previously disregarded host rocks. With promising initial metallurgical results and substantial upside extension potential, we are committed to driving Orla’s 2024 exploration efforts towards expansion drilling as we look to unlock the full potential of the growing Camino Rojo deposit.”
Mike Struthers, CEO, commented, “The results we’re achieving at Campo Morado are better than expectations, and it’s extremely encouraging to see we can consistently maintain this performance week after week. The new regime of blending ore types from the mine is proving very successful by providing consistent feed to the plant and we expect this to continue to trend upwards during the year.”
Scott Hicks, CEO of Prime, commented, “2023 was a standout year for Prime. In addition to other corporate and technical achievements, we effectively doubled the gold-equivalent resource ounces at our high-grade Los Reyes Project with drilling up to our December 2022 resource drilling cutoff. In 2023 we completed almost 60,000 metres of drilling, and we are excited to recap this 2023 exploration work today, as well as releasing notable new generative area intercepts at Mina, Orito Sur and Mariposa. Our 2024 drill program is already underway at Las Primas, Z-T and Guadalupe, and we are starting to see some exciting results from this initial 40,000-metre program come in.”
“With only 25 holes drilled into 9 structures and less than half the property sampled systematically, it’s pretty exciting when the first-ever drilling in new, previously untested outlying structures reports appreciable gold. We are obviously looking forward to continued drilling on them,” commented Dr. Craig Gibson, President and CEO.
Tony Makuch, CEO, states: “Our Feasibility Study has delivered outstanding results that clearly establish Cordero as one of the world’s leading development-stage projects. Cordero is the largest undeveloped silver project globally based on both reserves and annual production and has low unit costs in support of high margins and substantial cash flow generation.”
“We are very pleased with the La Joya target development work and particularly the stellar sampling results that have now delineated the Central Dyke Zone over a strike length of 770 metres,” said Michael Romanik, president of Silver Dollar. “Notably, sample 161 from the Hueco Grande working returned our highest grade to date on the Property at 152.07 ounces per tonne silver equivalent.”
“Ongoing drilling continues to demonstrate mineralized continuity at La Luisa,” commented Michael Konnert, President and CEO. “La Luisa is the newest structure to be included in the Panuco Project resource base and hosts some of the highest gold grades discovered to date in the district. Given it is situated within the same vein corridor as the three-kilometer-long Napoleon, we continue to test the extents of La Luisa mineralization, which has only been traced for a kilometer and a half and remains open in all directions beyond the January 2024 resource boundary.”
Jean-Paul Tsotsos, Interim CEO, commented, “The Lucy discovery continues to shine as an exciting project in Chesapeake’s portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and drilling has commenced on Lucy to better evaluate the footprint and scale of this new discovery.”
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