Month: July 2021

“We’re pleased to see strong results such as hole LRGF-21-052 in our new El Favor East zone discovery and are excited to see the results of more holes farther east which are pending assays and look very promising,” said Brad Langille, President and CEO. “We believe extending the strike length at the eastern end of El Favor at these grades will contribute greatly to the upcoming resource.”

Vizsla President and CEO, Michael Konnert, commented: “Panuco is a much larger district beyond the current areas of resource drilling and this new discovery within the Cordon del Oro corridor emphasizes the exploration upside potential of the Project. Cordon del Oro had never been drilled prior to Vizsla’s consolidation of the district and represents an excellent near-surface target within proximity to other mineralized structures. The Company currently has ten rigs on site: six completing resource drilling at Napoleon and Tajitos and four focused on exploration including the recent Josephine EM discovery and this new zone.”

Exploration work in the Copalquin Gold-Silver District has continued to develop and expand the El Refugio discovery with multiple bonanza grade intercepts drilled, extension of the mineralised zone along strike and down-dip and expansive soil sampling program.

J. Duane Poliquin, Chairman of Almaden, stated, “The original Ixtaca discovery was made through clever geologic assembly of published information and on-the-ground observation of field data. This has resulted in the discovery of an economic gold-silver deposit as outlined in the Feasibility Study, with evidence (geologic, geochemical, geophysical) for the possibility of a similar deposit, as well as the possibility of deeper precious/base metal deposit(s). It is very exciting to return to prospect drilling of some of the blue sky targets that have been identified on this property.”

“Drilling along the 4-Trench extension target has defined a new trend over a 500m strike length immediately adjacent to our Main Zone”, commented VP Exploration, Brodie Sutherland. “We are seeing mineralization in every hole along the trend with grades above 1 g/t gold in holes JES-21-53 and JES-21-44, 100m apart. This first pass of drilling has started to unlock the potential of a new parallel trend to our Main Zone which we are excited to test in our next phase of drilling.”