“These new drilling results are continuing to expand the size of the El Orito deposit,” said Brad Langille, President and CEO. “The mineralization at both the El Orito and El Favor deposits can be identified and followed with the IP survey and I believe will help to locate and define the next series of deposits on our Los Ricos North properties.”

The proposed program consists of 2,000m of diamond-core drilling using experienced contractors from the neighbouring state of Sonora. Drilling aims to test extensions of known gold mineralisation along strike and at depth, as well as target areas of interest identified from prior drilling results, combined with information gained from a detailed structural mapping completed by consultant geologists Minera Cascabel.

“Tocvan sees this as a tremendous opportunity to add to our portfolio of strong gold assets and El Picacho will be the perfect compliment to Pilar. The amount of quality exploration work completed to date on the project provides Tocvan with several gold targets that can be advanced to drill ready status quickly.”

“The drilling clearly establishes the Saldivar salar as a bulk tonnage, open pit target. We are also working to optimize our recovery process to prepare our test plant for bulk sampling.”

“We have taken advantage of our COVID-19 recess to refine and refocus our exploration of the more than 26 veins we have identified in this historic camp,” said Dr. Peter Megaw, Director of Minaurum Gold. “As we resume drilling, we will be testing a mixture of new veins and follow-up drilling of the mineralized shoots emerging in veins we’ve already begun exploring.”

Luis Castro, Vice President of Exploration, commented, “These results support our view that the Terronera property continues to have significant potential to discover new mineralized zones and grow the mineral resources in multiple veins proximal to the already defined reserves and resources in the main Terronera vein.”