Amalia is a large system with multiple vein structures (Amalia, California & El Cuervo) over 10km of combined strike with multiple targets on each structure. Compelling wide and high-grade mineralization has been intersected on the 3 principal drill targets tested to date.
“Drill Holes 296 and 319 are the first holes drilled just north of the Espuelas Canyon on the Sooy Vein. Historical mining at El Tigre on the Sooy Vein stopped just south of the Espuelas Canyon when the miners lost the vein while drifting.”
Benjamin Hill Mining Corp. is pleased to provide the results of the recently completed induced polarization, geophysical survey, and an update on the ongoing 8,500 metre diamond drill program at its flagship Sonora Project.
“One of the most exciting aspects of Panuco is the tremendous growth potential remaining in the district,” commented Michael Konnert, President, and CEO. “Today’s results highlight this with a new high-grade discovery, Cruz Negra, which is associated with the Josephine Vein in the Napoleon Corridor.”
“Our expansive exploration program across the district has delivered excellent results ahead of resource development drilling along strike from the high-grade maiden resource at El Refugio. The vein system at La Soledad has been extended and we have intercepted veins further east of La Soledad and along strike at Los Pinos.”
“The mineralized system at La Adelita is impressive in regard to both grade and the areal extent of the high-grade system. The discovery of three significant new zones of high-grade mineralization is supportive of our view that this is an area with strong hydrothermal activity, resulting in alteration and mineralization that requires more exploration.”
“El Favor East continues to provide great results for us, with high grade intercepts surrounded by wider zones of good potentially bulk mineable grades such as those shown in hole 113,” said Brad Langille, President and CEO. “Results such as these are what we believe will help us achieve our goal of aggressively expanding our mineral resources at Los Ricos in 2022.”
Exploration spending for 2022 is expected to total $15 million, with $10 million allocated to activities in Mexico and $5 million allocated to activities in Panama.
“Copala continues to grow rapidly with very high grades and impressive widths over a large area,” commented Michael Konnert, President, and CEO. “This recently discovered near-surface, shallow dipping structure has now been traced over 650 meters in length, 350 meters downdip, and remains open in all directions.”
“The additional holes from the Phase I drilling program continue to yield impressive copper and gold intercepts. The step out hole on the western flank of Cerro Verde has extended mineralization to the west and the SJ21-36 confirms that the copper zone extends to the south. Additionally, the oxide gold zone was extended to the south by SJ21-31, which encountered a very encouraging oxide gold intercept.”
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