Day: April 12, 2022

Chris Wright, Chairman & CEO, commented, “The recent drill results from Lucita are the first known drill holes into the central Lucita project area and demonstrate the significant exploration potential in the Zacatecas mining district. For a first-pass exploration program, vein-hosted results grading over 3 kilograms per tonne silver highlight the need for continued exploration to define the true potential of the system.”

Dr. Chris Wilson, Chief Operating Officer and a Director of Zacatecas comments, “Our acquisition of the Esperanza Gold Project is a tremendous step in moving Zacatecas towards becoming a serious precious metals producer. The Esperanza Gold Project represents one of the best undeveloped open pit deposits in Mexico and will complement our high-grade silver resource Zacatecas Properties, where the recent high grade discovery at Panuco North has added a compelling new component to our ongoing exploration.”

“The first down dip holes on the El Tigre Vein at the historic mine are delivering high grade silver intercepts within a broad mineralized zone. These first holes are shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from surface.”

“Multiple mineralization centers showing different styles of mineralization are hallmarks of important precious-metals districts, so finding high-grade gold in addition to the historic high-grade silver is a very positive reason to take a new look at our district-scale vision,” said Dr. Peter Megaw, Chief Exploration Advisor to Reyna Silver.