“With an eye on cost controls amidst a difficult inflationary environment coupled with a strong Mexican Peso, we continue to invest in exploration to improve silver grades at Zacualpan while aiming to grow our zinc resources and output at Plomosas,” said Fred Davidson, President & CEO.
Ian McGavney, President & CEO of Colibri commented: We are very pleased with these new results which significantly expands the footprint of known mineralization on the Diamante II concession. We will be continuing this early stage exploration approach and anticipate that further geological mapping, prospecting, and continued evaluation of historical showings will provide the structural and alteration framework in which to interpret the extensive epithermal mineralization system evident on the property.”
“Drill results from the Quebradillas mine have enhanced our understanding and confidence that the La Parrilla Mine can be brought back online. In 2024, Silver Storm will proceed with technical studies targeting the re-establishment of mining operations in 2025.”
Chuck Jeannes, Chairman of the Board of Orla, commented, “On behalf of the Board, I welcome Rob to Orla Mining. He brings a wealth of experience, particularly in geology, from his over 35-year career in the natural resources sector. We look forward to Rob’s contributions as we continue to invest in our large and prospective exploration portfolio.”
The visual logging of the RC chip samples from the initial 7 holes continues to show evidence of wide zones of strongly altered rocks with porphyry style A, B, and C veinlets, similar to previously drilled zones at the Cervantes Project.
The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015. The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material.
“We continue to move rapidly forward with the Ana Paula project. The near future has a lot of valuation growth catalysts including resource growth, de-risking studies, accelerated path-to-production and continued exploration success. The first of the catalysts, an updated mineral resource estimate, is expected this month,” commented Heliostar CEO, Charles Funk.
The drilling encountered wide zones of classic low sulphidation epithermal alteration, high level chalcedonic silica, banded stockwork and massive quartz veining, and breccias with gold mineralization, but not significant high grade mineralization. Given the unexpected flat dip of the target breccia to the east and the significantly lower gold assays in hole 8, pursuing the breccia body down dip is not justified at this time.
Mithril Resources Limited refers to its previous ASX announcements in relation to the proposed Schemes of Arrangement under which Newrange Gold Corp. proposed schemes of arrangements pursuant to which Newrange would acquire 100% of the issued share capital of Mithril and pursuant to which the existing options to acquire shares in Mithril would be cancelled.
roco Resource Corporation. is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 through the issuance of up to 6,250,000 units at a price of $0.40 per Unit.
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