Category: Exploration and Development

“Drilling along strike on the new Eagle concession continues to return exceptional results in both high grade and very wide widths. Today’s release of hole 35, along with hole 14 in our last release represent two of the best holes drilled in the Los Ricos district,” said Brad Langille, President and CEO.

“The San Antonio Project has completed stacking of 1.1 million tonnes of mineralized material on a heap leach pad with active leaching anticipated for the next 90 to 120 days. Management is currently evaluating its options for the project.”

“The five new drill holes extend a zone of mineralisation with silver and base metal grades considerably higher than the average grade in the mineral resource estimate for the Skarn deposit disclosed on September 14, 2022,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.

“We are using a geoscientific exploration approach that is continually working on the property. We have identified a number of very large geophysical anomalies (Figure 1) that tie in with large silica alternations that our initial drilling and geochemical sampling work show are coinciding with high-grade gold, silver and copper mineralization.”

GR Silver Mining Chairman and CEO, Eric Zaunscherb comments “As designed, surgical infill drilling at Plomosas continues to demonstrate attractive polymetallic grades in the main hydrothermal breccia, where nil grades had previously been assigned for unsampled areas in the August 2021 resource block model.”

Vice President of Exploration Rob Macdonald states: “Drilling over the last 15 months has helped confirm the projection and continuity of new mineralization between the Mina La Bocona and Skarn Front deposits. Work has now started on modelling the data which will be used in an updated Mineral Resource Estimate for the project with the results anticipated in Q1 2023.”

“This agreement allows Prismo to proceed with its drilling permit application, opening the door to a drilling program in early 2023,” said Dr. Craig Gibson President and CEO of the Company.

Colibri Resource Corporation is pleased to report that the Company has resumed exploration at the Evelyn Gold Property. Company geologists have recently mobilized to the property and are currently collecting soil samples.

Chris Wright, Chairman & CEO, commented: “We continue to be encouraged by the expanding envelope of mineralization well outside the limits of the current resource area. The mineralized body encountered by high-grade drill holes DDSA-21-36 & 37 and then further at depth with hole DDSA-22-52 clearly demonstrates the strength of the mineral system and the exploration potential at depth outside of the current resource area.”

“The phase II drill program was successful in expanding the dimensions of the Brazo structure in both strike directions and at depth,” said Mike Romanik, president of Silver Dollar. “Interpretation of the drill results is being integrated with the geophysics and surface work to propose the next steps to expand on the Brazo mineralization and test for similar style mineralization proximal to and around the Coloradito intrusive contact. The drill remains on site and can be mobilized quickly.”