Category: Exploration and Development

“Making the most of the rain season in Sonora, our field crews have been hard at work advancing our understanding of the broader mineralized footprint that extends out from Pilar” commented Brodie Sutherland, CEO. “We are excited to review the results of their initial work as it will provide key information in drill targeting across the broader Gran Pilar property.”

“Having the drill permit, mineral title and funding with a partner aligned in our exploration creates the platform for potential success with drilling activities proceeding in the near term. We look forward to the drill turning and having results from this project as well as updates on other activities that are underway into the fourth quarter of 2024.”

“… the (Gloria) project has great potential for a large intrusive orebody at depth and the opportunity for new discovery on the Caborca Gold Belt” said Ariel Navarro, VP Exploration of Reyna Gold.

“We are eager to resume tracing the high-grade mineralization we’ve cut previously in the Palos Verdes vein by taking advantage of better hole geometry created by drilling from our Strategic Partner Vizsla Silver’s ground,” said Dr. Craig Gibson, Chief Exploration Officer of the Company.

Paddy Nicol, Orogen’s CEO, commented, “The discovery of the Navidad vein system has strong implications for significantly extending the life of the Ermitaño Mine and for Orogen’s 2% NSR royalty. Only seven holes have been completed in the Navidad vein, but the scale of the discovery is already apparent with high grade gold intercepts that are approximately 750 metres apart.”

“We are very excited about the new high-grade gold and silver system, Navidad; this is the most promising discovery at the Santa Elena property since Ermitaño was discovered in 2016. Four drill rigs are currently focused on this area, which appears to have the potential to expand as it is open in all directions”, stated Keith Neumeyer, President & CEO of First Majestic.

Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to a PFS release in September 2024 we continue to receive promising assay results, especially in the newly defined Keel Zone and high-grade El Tigre and Seitz Kelly veins.”

Sierra Madre Gold and Silver Ltd. is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes which contained approximately 3,000 grams of silver and 30 grams gold per DMT.

“Development of Media Luna continues to track to schedule, with first production of copper concentrate anticipated by year end and commercial production expected in Q1 2025. As at the end of June, Media Luna was 78% complete across engineering, procurement, underground development/construction, and surface construction, compared to 69% at the end of March.

The Company is excited to be mobilising equipment during the week beginning 29th July 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be accessed a mining contractor will be engaged to drive a 100m long 3 metre x 3 metre access tunnel to the mineralised body.