Category: Exploration and Development

Zacatecas Chief Executive Officer and a Director of Zacatecas, Bryan Slusarchuk, states, “The technical team continues to execute efficiently on our silver projects. We have experienced early significant drilling success in two new areas of the property outside of the known Panuco resource with multiple good hits at both Panuco North and El Cristo.”

With each progressive stage of reconnaissance drilling along previously untested trends we are uncovering excellent indications that mineralization continues to the southeast and in parallel trends to our Main Zone”, commented CEO, Brodie Sutherland.

“The El Cuervo system is the third major gold-silver target discovered at the Amalia Project, with multiple wide and high-grade drill results returned from the 22 hole El Cuervo program. With Amalia Central, California and El Cuervo targets all demonstrating resource potential, the growing scale of the Amalia Project is apparent.”

Capitan’s CEO, Alberto Orozco, states: “We are very pleased to show the continuity at depth of both grade and thickness of the Jesus Maria silver vein. We look forward to upcoming holes which will not only continue to test the extension of Jesus María, but of the Gully Fault Ag-Au zone as well. These two higher-grade silver zones in conjunction with the JM North, JM South and San Rafael targets, highlight the potential for significant scale at the Cruz de Plata Silver Project.”

Lawrence Page. Q. C. President, said: “Cerro las Minitas is aptly named in Mexico as the “Hill of Mines” and is located in the Faja de Plata or “Silver Belt” of northern Mexico where numerous silver and base metal mines have been developed and are currently operating.”

Dr. Craig Gibson said: “While our analysis of the LiDAR data has not yet been completed, we are delighted with the results to date. Structural features and small mine workings are clearly visible in the data, and we feel that it will greatly aid in the delineation of important structural trends as part of the process to identify drill targets for a drilling campaign planned in late 2022.”

Richard Lock, CEO, commented: “We continue to systematically define and expand the deposit at Santo Tomas. Work focuses on providing a mineral resource to support the upcoming PEA, which is planned for completion in Q1, 2023. To ensure these timelines are met, a fourth drill has been mobilized.”

“Alamos is an exciting brownfields district and this underground rehabilitation program will help assess the potential for near surface deposits we can trace to depth where our drilling has encountered very attractive grades in wide veins,” stated Darrell Rader, Minaurum Gold President and CEO.

“For the first holes testing these new trends to return anomalous mineralization is an excellent indication there is more to be discovered at Pilar”, commented CEO, Brodie Sutherland. “All three drill holes intersected alteration, quartz-veining and fault structures know to host significant mineralization at Pilar. The information from these holes will assist in leading us towards new discoveries.”

Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to conduct our program to drill holes to intersect the Palos Verdes vein at significantly deeper levels than in the previous drilling campaigns. We will be able to test the vein several hundred meters underneath the surface exposures with the first hole being underway.”