Category: Exploration and Development

“We are pleased to report on the latest assay data from our maiden exploration drilling program on two highly prospective areas of Diamante. Our second target, La Prieta, exhibited significant intervals of Pb and Zn sulphide mineralization up to a combined 18.35 wt.% Pb+Zn, with elevated Ag and Au, in variably altered andesite and rhyolite locally with shear/fault controls, comprising polymetallic vein-style occurrences within and adjacent to historical artisanal mining,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

“Combining the results from Infinitum and predecessor drilling shows well mineralized skarn at Cerro Grande ranging from 3 to 36 metres true thickness, over 250 metres depth, a strike length exceeding 200 metres, and is still open in all directions.”

Tony Makuch, Interim CEO, states: “The completion of our Phase 2 drill program, consisting of close to 80,000 m in over 250 drill holes, represents another major milestone in the advancement of our Cordero project.”

Silver Tiger’s CEO, Glenn Jessome, stated, “We continue drilling underneath the Northern unmined portion of the El Tigre Mine. We have drilled more high grade silver intercepts in the El Tigre Vein and the Seitz Kelly Vein like the old timers mined up to 1930 when the great depression closed the mine.”

“We are encouraged by the drill results at Guanacevi, as we continue to delineate high grades in areas which are proximal to the mill and historic working areas. The results announced today demonstrate both growth and steady improvement of the deposit and mine plan,” stated Dan Dickson, Chief Executive Officer.

Jorge Alarcon, CEO of Oztoc, comments: “My goal as CEO is to make a real difference in a business that has centuries of working with the same principals. Some people do not like change, but you need to embrace change if the alternative is a disaster. Together with Galore Resources, we have found a new technology to improve efficiency, save water and prevent diesel contamination. I am proud to announce that we have made an agreement to purchase high end technological equipment that will make us better stewards of the environment and surpass the current process of refining precious metals.”

“Our ongoing mapping and sampling efforts in the western area of the district have highlighted several new drill ready targets including Cruz Negra,” commented Michael Konnert, President and CEO. “

“After a challenging start due to a particularly intense rainy season and some maintenance issues with the drill rig, we are now advancing with the drilling,” said Craig Gibson, President and CEO of Prismo. “The first batch of samples have been sent to the lab for analysis. Results are expected to be received in about two weeks.”

“Over the last year we have seen a major advancement in our understanding of our Pilar and El Picacho projects.”, commented CEO, Brodie Sutherland. “We are excited to continue that advancement with the first large scale bulk sample at Pilar to further confirm the grade and recovery of gold and silver.”

“This is a unique opportunity to create a long-term partnership between two high quality mining companies working together to de-risk and optimize a world class VMS deposit in a premier mining jurisdiction,” added Ammar Al-Joundi, President and CEO of Agnico Eagle.