“The drilling program at Mololoa is providing us with some of our highest grades we’ve seen on the project, up to 8 kilos of silver equivalent per tonne in hole 90,” said Brad Langille, President and CEO
“Given the challenges presented by both the continued effect of the pandemic and more recent Government labour reform initiatives, as well as certain operational issues, we have delivered a creditable performance during the year, with silver production marginally short of guidance, but gold production exceeding expectations. This performance highlights the strength of our diversified portfolio and the capability of our people.”
Rob Macdonald, Vice President Exploration, stated: “The identification of a new high-grade zone continues to highlight the enhanced exploration potential surrounding the known mineral deposits at Cerro Las Minitas. Drilling will continue on the property through early 2022, starting with follow-up drilling on the El Sol concession before transitioning back to the North Felsite target, while the company continues work on a Preliminary Economic Assessment of the known Mineral Deposits to be completed Q2-2022.”
“While we are disappointed by the preliminary results of the reconciliation work, we are encouraged by ongoing excellent performance at the Cerro Los Gatos operation, particularly in the challenging environment of the global pandemic,” said Dale Andres, President of Gatos Silver.
The drill program is expected to comprise up to 2,000 metres in 6 to 9 holes.
Silver Tiger’s CEO, Glenn Jessome, stated, “Hole 287 delivered high grade mineralization in the black shale horizon 175 meters north of Discovery Hole 202 and a full 75 meters north of where historic mining ended on the Sooy Vein. Drill intercepts on the Sooy, El Tigre and Seitz Kelley Veins continue to pierce quartz veins in the black shale horizon that hosts high grade silver and gold mineralization. Our understanding of these 2 geological units and how they control high grade mineralization allows our drilling to be more focused and predictive.”
Mr. Sean Roosen, Chair and Chief Executive Officer of Osisko Development commented: “The proposed acquisition of Tintic further accelerates Osisko Development on its path towards becoming a mid-tier gold miner and represents a unique opportunity to significantly enhance our portfolio of operations by adding a high-grade producing asset in a world-class jurisdiction.”
N. Eric Fier, CPG, P.Eng, and CEO, stated, “2021 marked an extraordinary year of efforts from our team and contractors in Mexico and Canada. The progress made throughout the year has positioned us well for Las Chispas start-up in Q2, 2022.”
“We continue to advance toward becoming a million-ounce producer by investing in our producing assets and bringing new mines to production.”
“I am pleased to report Q4 2021 preliminary production, C1 Cash Costs and AISC from Altaley’s Campo Morado Mine,” states Ralph Shearing, CEO & President. “Campo Morado operations are reporting another excellent quarter with estimated net revenue for Q4 2021 of $19.9 million.”
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