“We are very excited about the first phase of drill results at Lucy. The drill results suggest a mineralized skarn that outcrops at surface, and the system has been traced over a strike length of at least 500 metres. Follow-up exploration is planned to better evaluate the scope and scale of this new discovery.”
Chris Wright, Chairman & CEO, commented: “Multiple years of technical analysis have outlined and confirmed that resource building targets exist in the hanging-wall and footwall of the main Veta Grande structure. Our team has diligently built a comprehensive geologic model that has led to the intersection of wide intervals and high-grade mineralization.”
Kootenay’s President & CEO, James McDonald states, “We are very pleased with the progress so far. I am encouraged to see the strongly mineralized D-Vein encountered as expected in these holes and significantly wide halos of stockwork mineralization that adds to the potential to increase known mineralization more quickly along this structure. We are awaiting assay results and will report on them when received and compiled.”
Heliostar CEO, Charles Funk, commented, “Ana Paula continues to outperform our expectations and is growing more quickly than we expected when we acquired the project. The current two holes are 26% and 225% higher than predicted in the resource model and, in total, twelve of the thirteen holes targeting the High Grade Panel delivered intercepts with better grades or widths than the existing resource model.”
“This is a major milestone as we advance towards full ownership of Pilar and consolidate the district with its exciting gold and silver potential,” stated Brodie Sutherland, CEO.
Radius Gold Inc. is pleased to provide an update on drilling at its Tropico Project located in the Fresnillo mining district in Zacatecas, Mexico.
As previously announced May 10, 2023, Silver Valley entered discussions with LitioMX, (the national lithium company of Mexico), with the goal of these discussions to ultimately formalize a partnership agreement to explore and produce lithium in Mexico. Silver Valley maintains its 100% ownership of the Potassium Sulphate component of the dual commodity MexiCan Lithium-Potassium Project.
Greg McKenzie, President and CEO stated, “The Golden Tag team is excited to have drilling now underway at the recently acquired La Parrilla Complex, a silver mine with a long history of production and profitability which hosts significant in-place infrastructure including a 2,000 tpd processing facility. This initial phase of drilling is designed to increase the Inferred Resource base at the Project and is the first step in our goal of restarting production at the La Parrilla Complex.”
“We are excited to report that we hit substantial widths at grades well above our current cutoff grade on all four drill holes as we look to define the mineralization limits at depth,” said David Wolfin, President and CEO. “In addition, we have continued to define the hanging wall breccia which is an offshoot of the main Avino Vein that originates from surface.”
Orex’s President & CEO, Ben Whiting, P.Geo., said; “This is a positive step in the advancement of the Coneto Project. An understanding of the alteration of host rocks, due to hydrothermal fluid flow, is important for identifying feeder systems for the gold and silver mineralization.”
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