Category: Exploration and Development

“New drill results at Camino Rojo are revealing more about controls on mineralization and hinting at potential for significant expansion below the current Mineral Resource in the Camino Rojo Extension. This data is crucial for our upcoming underground resource estimation, enhancing our understanding of this important part of our growth pipeline.”

Scott Hicks, Executive Vice President commented, “We begin the new year with approximately CAD$32.8 million in cash. In 2024, our aim is to further illustrate the immense potential of the Los Reyes property through an initial, fully funded 40,000 metres drilling campaign targeting resource expansion and proving up several key generative targets.”

President & CEO of Angel Wing Metals, Marc Prefontaine stated: “La Reyna hosts a very large alteration zone with a large number of precious metal – bearing veins. One consistently observes small scale historical workings when travelling around the Project.”

“Picacho continues to provide excellent targets and validation for drill testing across the extensive property.” commented Brodie Sutherland, CEO. “We now have defined over seven kilometers of prospective trend that has seen little to no drilling, leaving the area as one of the most prospective and untested exploration properties in the Caborca Gold Belt.

“We are delighted with the strength and coherence of the anomaly ExploreTech has modeled in the part of Guigui where we’ve been homing in on the source intrusion for the Santa Eulalia District, and we really look forward to drilling their optimized hole,” said Jorge Ramiro Monroy CEO of Reyna Silver.

Ian McGavney, Colibri’s President & CEO states, “The drill program will test several of our highest priority targets on the Plomo (San Perfecto, Pavo Real, and Banco de Oro) and also further test the West Sahuaro target area on the Evelyn claim, where the Company recently announced the discovery of a zone which exhibited the most continuous and highest grade gold mineralization intersected to date at the EP Project.”

“Our 2023 near-mine exploration validated near-surface oxide gold in the Layback Area and uncovered oxide expansion potential near the edge of the Camino Rojo Oxide Mine. The positive results from our near-mine oxide drilling program highlight the opportunity to replace a portion of the depleted ounces at the mine by incorporating incremental near-mine oxide material. These positive results pave the way for the 2024 near-mine drill program.”

Aztec Minerals Corp. announces the initial gold results from the recently completed Reverse Circulation exploration drilling program conducted in Q4 2023 at the California gold zone of the Cervantes project in Sonora, Mexico. The results of the first three of the total thirteen RC drill holes, CAL23-032 to 034, continued to intersect gold mineralization in the altered California intrusive porphyry complex extending the California gold zone to the West, North and to depth.

Chairman and CEO Fred Davidson commented, “We are pleased that our initial drilling and underground sampling program has returned high grades over mining widths in line with expectations at Plomosas. Our field crews have also begun exploration activity beyond the immediate mine area and have already identified some high priority drill targets.”

Guanajuato Silver’s Chairman & CEO, James Anderson said, “We are excited to have reached this agreement which will utilize a considerable amount of the excess capacity that exists at our El Cubo mill. We believe both parties will mutually benefit from this agreement, as we collectively look to expand silver production in the Guanajuato area through the processing of low-cost and readily available material.”