“Although the results of JES-22-59 are visual at this stage, the direct correlation with assays results in the twin RC hole JES-20-32, indicate our Main Zone is hosted within a mineralized breccia.”, commented CEO, Brodie Sutherland.
The company expects to commence fieldwork on the La Texana Concession within the month. The fieldwork will entail detailed geological and structural mapping and rock sampling of the entire concession and take approximately 45 days to complete.
Rob Macdonald, Vice President Exploration stated: “The identification of a significant new lens of mineralization on the north side of the Cerro highlights the continued exploration potential of the property.”
“The results from the first phase of early operations at the Santana project continue to impress. Gold extraction kinetics demonstrated to date underscore both the rapid leaching and strong recoveries achievable at Santana,” stated Darren Koningen, CEO.
Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “We are extremely pleased to have all the statutory and local permits now in place for our three Mexico projects.”
“The Loma Dorada – La Colorada Vein System appears increasingly to be a swarm of sub-parallel NW-NNW trending Au and Ag mineralized veins. Results from the 2021 exploration program at the Loma Dorada target indicate that several of the vein structures have strong continuity, over a strike length that has increased to approximately 600 m and are still open to the south.”
“Our initial Phase 2 drill holes have been focused on upgrade drilling within the very large open pit outlined in our Preliminary Economic Assessment in late 2021. The drill results in today’s release intercepted broad zones of higher-grade mineralization within the pit outline and will enhance the resource definition for our PFS which we anticipate delivering later this year.”
Drilling is starting at the Shear zone at Big Pit within the Main Zone with 6 planned holes; then will move down to Pique Viejo for 3 holes focused on the steep-dipping high-grade quartz veining recently identified in sampling, including drilling a steeply dipping vein where a channel sample returned 93.9 g/t gold.
Peter Hawley, President, CEO reports; “The past year of exploration diamond drilling, underground diamond drilling, definition diamond drilling and finally surface mapping and sampling has been not only aggressive, but has resulted in over 6,900 samples collected and analyzed.”
“The wide intercept in Hole 288 in the black shale continues to strengthen our hypothesis that the evolving shale horizon is mineralized where the high-grade quartz veins pass through it.”
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