Colibri Resource Corporation is pleased to report that the Company recently re-commenced Phase 2 exploration drilling at the Evelyn Gold Property having received its exploration permit from SEMERNAT (Mexican environmental authority).
Alberto Orozco, CEO of Capitan Mining stated: “Consolidating the high-grade silver trend at Cruz de Plata has been one of our top priorities for Capitan Mining. We are pleased and very excited to announce that we have established a dominant land position in what we strongly believe will one day be recognized as a significant high-grade silver system in Durango, Mexico.”
“We expect to announce expanded resources from both El Limón Sur Deep and Sub-Sill South when year-end 2022 mineral reserves and resources are published in March. Infill drilling planned for 2023 will be aimed at bringing these underground mineral resources into reserves.”
“The drill program was successful in extending the mineralization to depth below the shallow drill holes completed previously and provided important information on the distribution of metal values,” stated Craig Gibson, President and CEO of the Company.
“The Napoleon Vein was the first major discovery made by Vizsla at Panuco in 2020.” commented Michael Konnert, President and CEO. “We have now expanded the mineralized footprint to over two and a half kilometres long and outlined an initial Napoleon Area resource of 36 million ounces AgEq Indicated and 17 million ounces AgEq Inferred.”
Aztec Minerals Corp. announces that it continued to intersect gold mineralization extending the California Zone to the North and to depth with initial Au assay results for the final three core holes from the recently completed Phase 3 core drilling program at the Cervantes Project in Sonora, Mexico.
“Drilling continues to expand the size of the newly acquired Eagle zone and continues to confirm high grade wide intercepts in the Main deposit,” said Brad Langille, President and CEO. “These results further confirm that both the Main zone and the Eagle are developing into bulk mineable high grade deposits which should significantly increase the value of Los Ricos South.”
“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment,” states Rick Trotman, President and CEO of Barksdale. “Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside.”
Chief Executive Officer, Daniel Kunz commented, “We are very excited about the progress we have made in the Phase 2 drill program. Our exploration team has improved the structural modelling demonstrably, which has resulted in a more targeted and accurate drill program. As a result, the number of wide, high-grade intercepts we are seeing in our results has increased.”
Richard Lock, CEO, commented: “We are very pleased with these drill results as we continue to extend the area of the shallow-seated higher-grade mineralization further south, extending the strike of the North Zone significantly, and expanding the width of the deposit to the west.”
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