Category: Exploration and Development

“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.”

J. Duane Poliquin, Chairman of Azucar, stated “It is very exciting to get the drill turning on this large newly defined area of alteration where so many different methods of targeting indicate a possible central and significant porphyry system. We look forward to providing updates once drilling commences.”

Just over 10 years ago drilling at La Potosina identified near surface structure similar to the San Gonzalo Vein and was continuous for 300 metres and had a vertical extension of 1,000 metres. A recent surface rights agreement was reached in early 2021 with the local landowner and as a result this area has become a high priority for Avino.

“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. This massive input of data has led our streamlined analytical team to new important understandings of the structural and mineralization controls on the western sector of the property where approximately 80% of our efforts over the past year were focused.”

These results suggest that the Candy vein structure hosts consistently high-grade gold and silver mineralization over appreciable widths, which is open along strike and to depth for expansion.

“The original environmental application for Mezquite and recent report delivered for Diamante attest to their high-quality technical expertise and we anticipate approval of SEMARNAT permits without delay in March 2022,” said Mr. Davison. “The Company now will forge ahead with logistics planning and contractor selections for trenching to be followed by drilling.”

“Our drill program at Margarita has been a huge success with every drill hole returning high-grade values over significant widths. The drilling has exceeded our expectations, it now appears the system is wider, higher grade and closer to surface than what we thought going into the campaign. We look forward to producing our maiden resource later this quarter and PEA shortly thereafter”

Capitan Mining Inc. is pleased to report continued exploration results from its 100% owned Jesús María Silver Zone, at the Cruz de Plata Project (formerly referred to as the Peñoles Project), Durango, Mexico.

“As our Tahuehueto Gold Mine Project construction nears completion we are happy to disclose results of the projects updated pre-feasibility study which continues to show robust economics,” said Ralph Shearing, CEO & President.

“Yoquivo continues to produce excellent results, with these final holes demonstrating that the Pertenencia vein has the potential to contain significant high-grade, gold-silver mineralization. Our drilling has now extended the Pertenencia vein system by approximately 700 meters to the north and more than 100 meters to the south, and with the discovery of a new mineralized structure, the Huga vein, demonstrates that there is unrealized potential at Yoquivo,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.