“We’re pleased with the additional strong results coming from El Favor. This drilling in the western portion of the deposit increases our confidence in this area, particularly when we see holes like LRGF-22-137,” said Brad Langille, President and CEO.
GR Silver Mining Chairman and CEO, Eric Zaunscherb comments, “As GR Silver’s team peeled the geological onion, the importance of cross structures in the overall Plomosas story was revealed. Our most recent results confirm that younger, crosscutting structures appear to be contributing additional precious metals mineralization in the main polymetallic Plomosas Breccia and beyond into its hanging wall and footwall.”
“The acquisition of Centauro directly ties into our thesis that certain geological terrains of northcentral México are highly prospective to host “Carlin-style” and/or low sulphidation epithermal gold deposits. The many Carlin-style geological features we see at both Centauro and Pedro strongly support this concept,” stated David Tupper, Southern Empire’s VP of Exploration.
The primary objectives of the 2021 – 2022 exploration program was to better define the open pit, heap leach gold potential of the porphyry oxide cap at the California Zone, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California Zone mineralization at California North and Jasper, and assess the breccia potential of Purisima East.
Because of poor recovery before and after, only the 1.3 metres from 4.2 to 5.5 metres depth was sampled which returned 846.0 g/t silver.
Greg McKenzie, President & CEO commented “We are honoured to partner with First Majestic in the acquisition of La Parrilla, their first producing silver mine, which has produced 34.3 million oz of Ag.Eq under their ownership. Over the past two years we have evaluated several opportunities for growth in the silver space and La Parrilla is a great opportunity.”
J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record. We are following up these exciting results with further drilling which we look forward to reporting on.”
Colibri Resource Corporation is pleased to report that the Company recently re-commenced Phase 2 exploration drilling at the Evelyn Gold Property having received its exploration permit from SEMERNAT (Mexican environmental authority).
Alberto Orozco, CEO of Capitan Mining stated: “Consolidating the high-grade silver trend at Cruz de Plata has been one of our top priorities for Capitan Mining. We are pleased and very excited to announce that we have established a dominant land position in what we strongly believe will one day be recognized as a significant high-grade silver system in Durango, Mexico.”
“We expect to announce expanded resources from both El Limón Sur Deep and Sub-Sill South when year-end 2022 mineral reserves and resources are published in March. Infill drilling planned for 2023 will be aimed at bringing these underground mineral resources into reserves.”
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