“In the quarter, we continue to invest heavily in our main driver of value – the Los Ricos district – as we advance our second 100,000 metre drill program,” said Brad Langille, President and CEO.
Peter Hawley, President, CEO reports; “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.”
“The wide intercept in Hole 288 in the black shale continues to strengthen our hypothesis that the evolving shale horizon is mineralized where the high-grade quartz veins pass through it.”
“We are very encouraged by the widespread anomalous gold assays, the longer intercepts of moderate to low grade mineralization, and the local occurrence of high-grade gold. The drill program has very successfully built upon the surface exploration programs completed since 2019 and will provide an invaluable basis as we continue to explore the property and plan for further drilling”
Eight diamond drill holes (Z21-14, Z21-38 to 41, Z21-43, 44 and 46) were drilled with IMPACT’s man portable rig to test the mineralization below and to the south of the operating open pit for a total of 1221 meters.
Greg McKenzie, President and CEO commented: “These additional efforts will increase our messaging and brand awareness across a number of platforms, helping investors come to understand the significant value proposition of, we believe, owning shares in Golden Tag represents.”
Bailleres will be remembered as a “visionary businessman, exemplary Mexican, a romantic dreamer who triumphed and exceeded his goals.”
On December 17, 2021, SEMARNAT granted the Company a 12 year extension to the EIA for the San Jose Mine which expires in October 2033. However, the Notice states that SEMARNAT has made a typographical error in the EIA Extension and that the correct term is two years.
Dale Wallster, CEO of Southern Empire, stated, “With more than 40 years of gold exploration expertise, much of it at Barrick Gold Corporation, and an incredible track record of discovery, Larry brings a wealth of experience and knowledge to our Southern Empire team. Given his exceptional understanding of the geology of Carlin-type and other epithermal gold deposits, Larry will bring particular expertise to the ongoing exploration and evaluation of our Pedro Gold Project in México.”
Mike Struthers, CEO, commented: “We are pleased to start this infill program at our Pinos project. Drilling is expected to commence within a few days.”
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