Day: August 5, 2021

“As we begin ramping up into full scale production it is a rare luxury to be firming up and extending the deep mineralization that has high potential to add tonnes, grade and years to our mine life”, said George Paspalas, MAG Silver’s President and CEO. “We are delighted to continue seeing the consistent high grades, thicknesses and continuity at depth that we have come to expect from the Valdecañas Vein System, but we are equally pleased that the detailed definition drilling is helping to get the entire operation off on the right foot through better understanding of the top of the vein. Added to the knowledge and benefits we’re getting from processing development material at the Fresnillo mill, we look forward to a successful plant start up this fall.”

“We are in the heart of construction at the Camino Rojo Oxide Project, and we remain on track for first gold pour by year end,” said Jason Simpson, President and Chief Executive Officer of Orla Mining. “Our entire team remains focused on maintaining health and safety while executing our strategic objectives and creating value for our stakeholders.”

Taj Singh, President and CEO, states: “Our drill results continue to reinforce the broad widths and excellent grades that characterize large areas of the Cordero deposit. Drilling in the NE Extension was successful in extending the strike length of high-grade mineralization by approximately 100 m.”

The Aztec-Kootenay JV has approved a Phase 2, 22-hole, 5,000 m reverse circulation drill program to commence in the 4th quarter, 2021 subject to available funds. Four main targets will be tested. The primary objectives of the 2021 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia potential of Purisima East.

The first seven drill holes were completed on June 14th and the Company is anticipating the final results of gold, silver and multi-element analyses by mid-August. The remaining thirteen holes were drilled with two RC rigs from Layne de Mexico and completed as scheduled on July 28th.