Heliostar CEO, Charles Funk, stated “This acquisition is transformative for Heliostar. The Company transitions from single asset developer to a multi-asset producer. The addition of the two producing gold mines provides cash flow to bring new production online.”
Kingsmen Resources Ltd. is pleased to update progress on the Las Coloradas project, located 30km from Hildalgo del Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by American Smelting and Refining Company, the U.S. based subsidiary of Grupo Mexico in the period 1944 to 1952.
“Drill results are continuing to show the broad scale of mineralization at Pilar as we push out the edges of the known deposit.” commented Brodie Sutherland, CEO. “The infill drilling looks to connect each of the three known trends to date, the results tell us that mineralization does connect across these corridors.”
Silver Tiger’s CEO, Glenn Jessome, stated, “We continue to receive promising results for our PFS Drilling Program, especially in the newly defined Hanging Wall Zone and high-grade El Tigre Vein” Mr. Jessome further stated, “These results further de-risk the project, as we increase the confidence and size of the new MRE. We intend to release our PFS by September 2024.”
Jean-Paul Tsotsos, Interim Chief Executive Officer, commented, “The positive results gathered during this exploration phase continue to add cadence to the robust nature of the mineralized system at Lucy. During this exploration phase, we successfully intersected more high-grade gold mineralization starting from surface, extended the gold mineralized zone from 500 to 700 metres, and the corridor remains open along strike in either direction and at depth.”
“Ongoing infill drilling at Copala, where initial mining will likely take place, continues to demonstrate exceptional mineral continuity,” commented Michael Konnert, President & CEO. “Tight-spaced drilling along Copala Main and its hanging-wall splay structures has now expanded the high-grade footprint closer to surface, potentially reducing the overall development required to access the minerlization.”
“The latest results continue to show expansion potential remains open and untested across several developing trends.” commented Brodie Sutherland, CEO. “Step-out drilling has hit a blind target where no previous data was available significantly extending out mineralization another 130-meters. We are highly encouraged by these results and the significance they imply along trends that have shown recently they can yield high-grade results.”
“Building off the success of the 2023 drilling program, which resulted in a two-year mine life extension, drilling at ELG Underground continues to deliver results that bolster our ability to continue to replace mined reserves. This, combined with the potential for EPO to come into the mine plan, supports our strategy of maintaining annual gold equivalent production above 450,000 ounces through 2033.”
Kootenay’s President & CEO, James McDonald states, “We have completed over 30,000 meters of drilling at Columba and are extremely excited to see the project growing in size. We continue to step along D-Vein as a priority, this structure with its high grade and broad mineralized stockwork halo has the potential to contain a significant resource.”
The Discoveries 2024 Mining Conference, organized by Mexico Mining Center and recognized as one of the most important technical conferences in Latin America focused on exploration, innovation and mining development, celebrated its tenth anniversary in Mazatlan, Sinaloa, May 21-23.
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