Category: Exploration and Development

“2023 was yet another exciting year of exploration and growth at Panuco,” commented Michael Konnert, President & CEO. “We started off the year with the achievement of an important milestone by announcing a significant update to the maiden resource which highlighted a material increase in both project grade and contained ounces. Drilling throughout the year continued to expand know mineralization particularly at Copala which has now doubled in strike length relative to the January 2023 MRE.”

“Our objective is to provide investors with exposure to silver, and the La Colorada Skarn provides that exposure in scale, with annual silver production estimated to average 17.2 million ounces during the first 10 years.”

Solway Investment Group, a Switzerland-based mining company with interests in Guatemala, says it agrees with a regional court’s decision requiring the Guatemalan government to recognize the property rights of an Indigenous community

“The Luisa structure continues to grow laterally with new high-grade, near surface intervals,” commented Michael Konnert, President and CEO. “Mineralization at La Luisa has now been traced by drilling for over 1,250 metres along strike with an untested gap situated closer to surface that measures ~400 metres long. This has the potential, given ongoing exploration success, to add additional mineralized strike to La Luisa beyond the data cut off for inclusion in the pending mineral resource update planned for January 2024.”

Kootenay’s President & CEO, James McDonald states, “This drill program has returned excellent results expanding on the size of high-grade D Vein silver mineralization. The zone is open in both strike directions and to depth exhibiting excellent potential for further expansion. It is very exciting to think of the potential when two of our easternmost holes leave the zone wide open with high grade holes of 501 and 532 gpt silver over true widths about 4 to 5 meters within fat intervals of 228 gpt and 338 gpt silver over true widths around 12 to 9 meters respectively.”

Rick Trotman, President and CEO, states, “I am pleased to report that Barksdale has entered the targeted Paleozoic carbonate sequence, which is the host for copper-zinc-lead-silver CRD mineralization in the area. Over the next 10-15 days, we anticipate that hole SUN-003 will cross through the projection of multiple massive sulfide zones that were encountered in historic high-grade hole TCH-2. Once complete, SUN-003 will act as the mother hole for multiple wedge holes in the Boundary Zone target area.”

“Results from channel sampling at Pilar further confirm the excellent bulk tonnage grade potential at surface.” stated Brodie Sutherland, CEO. “These locations were the source of recent bulk sample material in which we poured the first produced gold and silver from Pilar. More work is scheduled to evaluate additional recovery potential with the remaining bulk sample material.”

Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “Together with prior results, post-resource drilling at Central supports the potential for an expanded, high grade, low strip ratio, open pit. These results also suggest a potential merger of Central’s currently outlined San Miguel East and Noche Buena pits.”

“This result is one of the highest-grade and most consistently mineralized to date and continues to prove the significant potential of the developing new resources in the Gloria / Three Sisters vein system. In addition, these wider and higher grade veins are closer to the surface and will further improve their economic impact to our future mine plans,” stated Allen Palmiere, President and CEO of the Company.

Kootenay’s President & CEO, James McDonald states, “We are very pleased with the current program which continues to intercept D-Vein with excellent grades and widths. Each hole to date has expanded the size of the zone. We have two more holes to report on in this drill program, which are step outs to the southeast, where surface mapping indicates several hundred meters of strike potential on the vein.”