Category: Exploration and Development

Ron Goguen, President & CEO of Colibri commented, “Plomo is a great addition to our property portfolio in Sonora. We have been very encouraged with the progress made on our Evelyn property over the last 18 months and the acquisition of Plomo provides us with a much expanded footprint for discovery.”

Chris Wright, Chairman & CEO, commented: “This phase of drilling was designed to strengthen our understanding of the historical underground development of the Veta Grande vein system, which is critical for both the geologic modelling and the updated resource estimation that we are working towards. We are encouraged by the wide widths of near surface mineralization alongside high grades of Pb-Zn mineralization encountered in this phase of drilling.”

Zacatecas Silver Corp. is pleased to announce its exploration plans on a key deep intrusion target near the Esperanza Gold Project as well as other near surface targets around the Esperanza Gold Project.

“We are pleased with the results of the 2022 drill program at Media Luna. Infill drilling has reinforced our confidence in the quality of the resource model and provided valuable information which will be incorporated into future mine planning activities. Additionally, drilling targeting spatial gaps along the existing southern and northern boundaries of the deposit was successful in delivering the required drill density to bring incremental mineralization into the Inferred Resource category.”

“It is drilling results such as these which we anticipate will provide a very positive impact when our Mineral Resource Estimate and Preliminary Economic Assessment at Los Ricos South is updated later this year. “

Aztec mobilized two field crews in February to conduct a surface exploration program comprised of road cut, reconnaissance outcrop and soil sampling, Terraspec SWIR data collection and geological mapping.

Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to access the remaining portion of the Palos Verdes concession to conduct a program to test the Palos Verdes vein along strike from the previous drilling. The program is designed to expand on the positive results from our past drilling and expand the area of the high-grade mineralized shoot to the northeast of the Palos Verdes tunnel.”

“Our underground rehabilitation has now accessed 600 metres of an estimated 1.2 kilometres of workings,” stated Darrell Rader, President and CEO. “Having full access to the workings will enable us to evaluate areas of known high-grade silver mineralization in addition to locating additional unmined areas of mineralization.”

“We believe there is excellent potential to extend mineralization beyond the areas that were historically mined at Union and Union Norte. Controlling the historical mine areas and local infrastructure puts us in a position to move ahead more aggressively with other discovery targets within the surrounding areas as well.”

GR Silver Mining Chairman and CEO, Eric Zaunscherb comments, “The upcoming resource estimation is expected to define a significant resource dominated by silver mineralization over broad widths, relatively close to surface or existing underground infrastructure. We consider these attributes to contribute to GR Silver Mining’s competitive advantages, along with project scale and prospectivity, and the management and board skills to take the project to the next level. We anticipate a potential market re-rating related to the resource estimation update, based on scale and quality of resources.”