Category: Exploration and Development

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.”

Silver Valley Metals Corp., a brownfield exploration company, is delighted to announce a favorable resolution of issues relating to its Mexi-Can Sulphate of Potash and Lithium Project. Concurrently, the Company is preparing to resume exploration activities in Mexico

Chris Wright, Chairman & CEO, commented: “We continue to be impressed by the strength of mineralization in the Veta Grande system both near-surface and at deeper levels. Our understanding of the mineralization controls continues to guide both resource development and resource expansion drilling. Follow-up drilling at San Acacio will focus on adding ounces within the resource area – including recently-identified zones likely to contain shallow, intact mineralization – and on further testing the deep extensions of the Veta Grande system.”

Defiance Silver Corp. is pleased to announce that that the Company has completed all purchase payments to acquire a 100% interest in Pan American Silver Corp.’s Lucita property in Zacatecas, Mexico.

Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “The incredibly high-grade intercepts at Guadalupe East are exciting from a resource expansion perspective. 23GE-147 lies almost entirely within the 2023 economic Resource pit. The upper intercepts returned higher grades than what was predicted in the MRE block model while the lower intercepts are in what was previously estimated to be waste in the model. This material has the potential to substantively increase economic ounces in this part of Guadalupe East in our next Resource update.”

Ian McGavney, President & CEO of Colibri commented: “Our work on the Diamante property during the past few months provides an excellent foundation for our drill plan. We are very pleased to be kick-starting 2024 with this drill program and we are looking forward to a very active and successful year at our various projects in Sonora, including our flagship EP Gold Project”.