“Early surface exploration results received thus far demonstrate the presence of high-grade gold and silver mineralization in structural trends over more than forty square kilometres (40 km2). We look forward to initiating a maiden drill program on the properties, with the aim of making new discoveries in the region.”
Mr. John Antwi, President and CEO of Bendito, commented: “Phase 1 drilling at Alacrán has achieved our expectations of significantly extending the epithermal system to the southeast of the known historical resource estimates. The exciting holes, including BSS-23-005 that shows 1.49g/t AuEq over 51m starting at 1.5m from surface, demonstrate the potential for open pit mining. These results underpin our focus on generating shareholder value at Alacran.”
“The first three holes can only be described as a success. We now know that the breccia continues to depth and appears to be of similar quality to what we had in REG-22-01. Our geologic understanding has increased significantly and our ability to target effectively in further step outs will only improve going forward” – Michael Tucker – Director and Lead Geologist.
James Anderson, Chairman and CEO said, “SI22-006 is the best drill hole the Company has drilled at any of its mines recently acquired from Great Panther Mining in August of 2022. With almost five meters of true width intersecting 1,219 g/t AgEq, which includes 0.42m true width of 6,981 g/t AgEq, this may represent a game changing result for the mine.”
The focus on this year’s drilling plan will be led by discovery drilling on a number of gold bearing breccia pipes in the cluster that comprise the Santana project. Some of these priority targets like Zata and Benjamin West have never been drilled before but have been shown to be gold bearing from several passes of surface sampling programs completed in recent years.
“The results from channel sampling at Pilar are extremely encouraging, exceeding our expectations and showcasing the potential for consistent high-grade gold with silver values for our bulk sampling” stated Brodie Sutherland, CEO
“Mercedes once again delivers on our expectations and we continue to be very confident in the long-term potential for this operation,” states Andrew Swarthout, Director of Bear Creek Mining and the Company’s Qualified Person.
“Our field crew has done a great job locating additional hot spots for drilling,” said Mike Romanik, president of Silver Dollar. “It’s intriguing to find such high-grade assays in and around some of these areas which have never seen a drill hole.”
“Impressive drill results continue to come in for the Eagle,” said Brad Langille, President and CEO. “We expect these holes, along with our previously released drilling results, will provide a very positive impact when we update our Mineral Resource Estimate and Preliminary Economic Assessment at Los Ricos South later this year. “
The program has achieved its objectives of replacing some specific areas where zero values were adopted in the previous resource estimation, but also, more importantly, defining the presence of high-grade gold and silver zones which form part of a distinct mineralizing event, hosted within the same structure as well as the footwall and hanging wall of the Plomosas Breccia.
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