Category: Exploration and Development

Chris Wright, Chairman & CEO, stated: “We are extremely encouraged by the continued success of our drilling campaigns at the San Acacio project. As a result of diligent targeting and modeling work, leading to multiple successful phases of drilling, our technical team has been able to further demonstrate the continued potential to outline a large mineral system within the historical San Acacio mine area on the Veta Grande vein system.”

Simon Ridgway, Executive Chairman, comments: “I have recently had the pleasure to tour Tropico property with CEO Bruce Smith and our geological team, and I am impressed by the target and excited to start drilling. I am struck by the similarity to the Cerro Blanco project (Bluestone Resources hotspring sinter project with M&I resources of 3.1 Moz (M&I) @1.5 g/t Au*) which the Goldgroup team were fortunate to discover earlier in my career.”

We continue to intercept wide zones of high grades at the Los Ricos South Eagle deposit. We anticipate that results like these will could add significantly to our upcoming revised resource and preliminary economic assessment to be completed this summer,” said Brad Langille, President and CEO.

“The high-grade zone at La Luisa continues to grow at depth, where new drilling has now extended mineralization by an additional 125 metres down dip,” commented Michael Konnert, President and CEO. “We remain encouraged by the high gold to silver ratios, which may suggest the top of a more extensive mineralized system at depth.”

“We are excited to be undertaking the trenching program in the main mineralized trends in preparation for an initial drill program at the project of at least 2,500 meters projected to commence in the second half of June,” said Dr. Craig Gibson, President and CEO of Primo. “The trenching program will cover three mineralized areas: Las Auras, Santa Cruz and Oromuri.”

Chair and CEO Eric Zaunscherb commented, “The conversion of surface silver geochemical anomalies, related to the mapped target contact zone, into confirmed bonanza-grade drill intersections is a testament to the efficacy of the Company’s geological model. Our confidence in the prospectivity of the southeast extension of the target contact zone grows, as does our excitement at the potential of new drill targets being generated to the south through detailed mapping, geochemical and channel sampling.”

“I’m very pleased with our progress towards this important goal of achieving 500 tpd at Tahuehueto” said Mike Struthers, CEO. “Our team, and our contractors and consultants, are all performing very well. And while our focus is firmly on achieving the 500 tpd goal, we are also in parallel taking some key steps towards our ultimate goal of 1,000 tpd by the end of the year. We have located an alternative second mill in Mexico with a larger capacity of 750 tpd, which will provide a valuable buffer for sustaining 1,000 tpd production.”

“Historic drilling has demonstrated that the mineralised body at Cerro Grande has significant vertical extent. The current drill program has the potential to extend the north south strike to over 500 metres while drilling on the western flank could demonstrate mineralisation 700m away from the 2022 high grade drill holes. We want to show that it’s high grade and large” stated Matt Hudson, CEO of Infinitum Copper.

“It’s hard not to get excited about the future of the Nora project. Drilling in 2020 and 2021 was the first on the project and tested less than 20% of the potential 3-kilometre strike of the Candy vein structure, and only to a depth of 250 metres,” said Mike Romanik, president of Silver Dollar.

Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “These results are from step out drill holes designed to test for and expand mineralization at depth below the Z-T resource pit shell. The width and grades of the drilling results released today continue to identify new potential mill feed extending the mineralization up to 100 m vertically below the recently reported resource pit bottom and spanning a 500 m strike length.”