The Company has planned a four to five-month exploration program that will include comprehensive mapping and extensive sampling of the concession to define drill targets. A LIDAR survey to obtain detailed topography and identify historic mine prospects and structural trends is also planned for the near future.
Galore Resources Inc. is pleased to announce it has received acceptance for its Drill Permit applications and mobilized its crews to begin a 4,000-meter diamond drill program on its 100%-owned Dos Santos property in Zacatecas State, Mexico.
The LWIR satellite data and initial interpretation is being conducted by DIRT Exploration of Cape Town, South Africa. LWIR analysis, through proprietary processing of satellite data, has the ability to map or identify, through reflectance spectroscopy against a set of known standards, mineral distribution over large areas covered by vegetation and shallow cover.
Allen Palmiere, President and CEO, said, “As I reflect on my first year at Gold Resource Corporation, I am pleased with the results of the Don David Gold Mine and the acquisition of Aquila Resources Corporation. Despite ground control challenges and the voluntary temporary shutdown due to COVID-19 in late August and early September, our Mexican operation still achieved the high end of guidance for gold production.”
Rick Trotman, President and CEO of Barksdale commented, “The drill results continue to demonstrate that the Cerro Verde zone has significant shallow copper mineralization. The final results from the drilling program, which are primarily step-out holes to the west and south, are expected to be released within the next few weeks, at which point we can complete our resource estimation for Cerro Verde.”
“Our recent acquisitions in Western Mexico give us great near surface exploration and near-term production opportunities but El Oro remains our flagship project and we are really looking forward to getting back to drilling there,” says Joanne Freeze, President and CEO of Xali Gold.
“Great Panther Mining had a challenging year operationally, but the team has risen to those challenges and is in action to pave the way for future growth for the Company,” stated Rob Henderson, President and CEO of Great Panther.
Warren Rehn, Golden Minerals’ President and Chief Executive Officer, stated, “The gold results at the Sico epithermal target are very encouraging, as this is the first ever drilling on the property and the discovery of the shallow oxide gold shows widths and grades that are potentially economic. We are additionally encouraged by the results at the Kachi porphyry target which indicate the potential for a newly identified copper porphyry system that may be similar to the adjacent Taca Taca world class copper deposit.”
“2022 is a pivotal year for Torex and will set the foundation for our future. The strength of our underlying business will enable us to continue to execute on our plan – optimize and extend operations at ELG, de-risk and advance Media Luna, grow reserves and resources and invest in other value accretive opportunities.”
Vizsla President and CEO Michael Konnert commented: “These results are an incredible start to 2022 for Vizsla. While drilling the northeast extents of Tajitos we intersected a new, nearly flat lying vein within the Tajitos hanging wall. This new ‘Copala Vein’ is marked by several near-surface high-grade silver and gold intercepts contained within a broad mineralized envelope up to eighty meters wide.”
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