Heliostar CEO, Charles Funk, commented, “Hole AP-23-297, 242m grading 9.06 g/t gold, is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target. And it illustrates the excellent continuity of high grade along the length of the High Grade Panel.”
Galore Resources Inc. provides an update to the current activities at Galore’s 100% owned Duraznillo Ranch, Los Gemlos and Duende 7 claims.
At the outset, we undertook a comprehensive review of our assets in Mexico and all commercial arrangements the Company had entered into. We cancelled all engagements and methodically managed the risk associated with that decision. All remaining officers and directors associated with Silver One Resources Inc. stepped aside and Scott Margach and Gary Prihar were added as Independent Directors.
James Anderson, Chairman & CEO, said, “We are proud to announce our sixth consecutive quarter of increased precious metals production; we expect this trend to continue as we head into the second half of the year. During Q1 and Q2, we have implemented a number of efficiency upgrades that are now poised to generate significant improvements to production grades and volumes, as we look to optimize mine production at all four of our producing silver mines. Furthermore, we continue to pursue additional opportunities to grow our production portfolio as we move towards becoming Mexico’s next mid-tier silver producer.”
Ian McGavney, COO of Colibri commented, “Our drill plan at the Main Zone is designed to further validate our current interpretation & geological model and if successful it has the potential to double, or more, the footprint of the Main Zone. Northwest trending structures are very important at established gold mines in the Caborca Gold Belt and if they are confirmed with our Main Zone drilling it may provide the structural setting required to realize increased average grades. We are also very pleased to be drilling the West El Sahuaro target.”
“Expansion drilling at Copala, both to the southeast and north, continue to highlight a robust precious metals structure well beyond the January 2023 resource boundary,” commented Michael Konnert, President & CEO. “The overall strike length now measures approximately 1,670 metres long and remains open in both directions.”
Greg Liller, the Company´s COO observes “These are the first holes drilled in the Districo del Tigre and thus far we have hit encouraging shallow mineralization in all of them. I am particularly impressed with Hole 3, intersecting 32 metres of 1.0 g/t gold, as we had estimated the overall El Tigre mine zone to be somewhat narrower, in the range 10 to 12 metres.”
Bruce Bragagnolo, Executive Chairman of Regency Silver states, “We recently reported a new gold copper discovery downdip from the historic past-producing high-grade Dios Padre silver mine including 29.4m of 6.32 g/t gold which was ~25m downdip from the discovery hole which returned 35.8m of 6.84 g/t gold. These are some of the best drill gold intercepts recently reported out of Mexico and we will work with Kin to increase awareness of this high-grade discovery and its potential.”
Jody Kuzenko, President & CEO of Torex, stated: “With production on track to achieve full year guidance, development of Media Luna tracking to schedule and budget, a strong balance sheet with robust liquidity, and ongoing exploration success, we continue to make significant progress on the execution of our strategic plan, which we fully expect will translate into long-term value creation for our shareholders.”
Colibri Resource Corporation announces that all matters submitted to shareholders for approval, as set out in the Company’s “Notice and Management Proxy Circular” dated June 6th, 2023 were approved by the requisite majority of votes cast at its Annual General and Special Meeting held on July 7th, 2023.
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