Category: Exploration and Development

Stroud Resources Ltd. is pleased to provide a summary of its 2021-2022 drilling program, completed at its Santo Domingo Silver Property located in the municipality of Hostotipaquillo, State of Jalisco, Mexico.

Richard Lock, Oroco’s CEO, stated: “These results from the final two holes of our Phase One drill program provide further evidence of the quality and magnitude of the deposit at Santo Tomas. While these results were not included in our recent Mineral Resource Estimate, they will be included in our upcoming Preliminary Economic Assessment.”

Silver Tiger’s CEO, Glenn Jessome, stated, “The Sulphide Zone is alive and wide to the South. We originally thought the Sulphide Zone was thinning after the initial few holes going south. We were wrong. The team saw the geometry at the northern end of the Sulphide Zone forming and projected that to the southern end and drilled to intersect down deeper and east along plan and the first two Holes 455 and 457 nailed it.”

Mr. John Antwi, President and CEO of Bendito, commented “The drill intercepts at the San Simón target highlight the southeastern extension that we have identified in our Phase 1 drilling. We are potentially encountering a very large near-surface mineralized system, that is oxidized and heap leachable. Our focus will remain on Alacran to add near-term value to shareholders”.

“Our drilling campaign at the Eagle deposit continues to provide us with excellent results, including the exceptional hole 162 which is one of the best holes drilled to date within the Los Ricos district. This hole exemplifies why we believe so strongly in this deposit with very wide, high grade intersections exceeding a kilo and a half of silver equivalent over 31 metres. We continue to intersect exceptional metal values with the drill bit at the Eagle deposit within Los Ricos South,” said Brad Langille, President and CEO.

“These new drill hole results both extend the 902 zone and confirm that there are multiple zones of higher grade within the limestone and skarn, which align with surrounding porphyry intrusives and epithermal veins,” said Christopher Emerson, Pan American’s Vice President Exploration and Geology. “We have now drilled over 20 holes into this area, which remains open to the west and northwest. The 2023 infill and exploration program of 28,000 metres from surface and underground drilling stations is currently underway.”

Chief Executive Officer, Daniel Kunz commented, “Congratulations to our exploration team for doubling the known gold-silver resource at Los Reyes while simultaneously increasing the average grade and improving the quality and confidence in the mineral resource estimate. Included in the open pit resource tonnes and grade is a notable high-grade mill feed component.”

“We are excited to see Cascade complete its IPO and look forward to unlocking the value of this new opportunity to our shareholders” stated Brodie Sutherland, CEO. “Cascade has assembled a portfolio of exploration projects with excellent exposure to copper and gold targets in southern British Columbia. We wish the Cascade team all the best in this new endeavor. Meanwhile, Bulk Sample results at Pilar continue to produce encouraging results of consistent gold and silver values. We look forward to updating shareholders very soon with additional results.”

“Following Vizsla Silver’s strategic investment in Prismo in January 2023, when they acquired a 10.1% ownership stake in our Company, we have worked with their technical team in Mexico to modify our technical data collection procedures to comply with theirs and plan this next phase of drilling,” said Dr. Craig Gibson, President and CEO of the Company.