Month: October 2018

Dr. Carl Hering, newly appointed CEO, commented, “Since joining the MEX team in Sept. of 2018, we have been reviewing data with the objective of delineating new mineralization both in the existing resource areas and in potential target areas for expansion. We believe that a new and updated NI 43-101 Resource will demonstrate significant improvement over the initial Resource defined in August 2017, given the success of drilling since that time.”

Chris T. Grijalva, CEO stated, “Preliminary property assessment has allowed us to recognize the porphyry gold-copper-moly potential for Espiritu SMR, the magnitude of which is unknown. The area will be re-mapped to determine the surface extent of the system(s). Our first pass review suggests the mineralized zones are open in all directions. We still need to understand the zoning and other possible controls of the mineralization in order to best target future drilling. San Marco is taking the Espiritu potential very seriously and, for this reason, has engaged an experienced, high calibre expert who immediately will create and execute an aggressive and systematic exploration program. We are targeting late November for completion of this first-pass program.”

Goldplay President and CEO Marcio Fonseca commented, “The grant of the drilling permit opens the door for Goldplay to move forward with its objectives to delineate new mineralized zones beyond the historic NI 43-101 resource estimate area. This will also allow the identification of new discoveries in the 3.5 km long mineralized trend and providing additional drilling information to support a Preliminary Economic Assessment of the San Marcial Project in 2019.”