Camino Rojo Oxide Mine gold production totalled 28,876 ounces for the third quarter 2022, and 77,580 ounces year to date.
The goal of this part of the exploration program is to define the continuity of the steeply dipping mineralization and to identify the source of the mineralization’s feeder. These drilling results demonstrate the continuity of our mineralization similar to or higher than the current mining widths and grades at the lowest level of the current Avino Mine production area.
Chief Executive Officer, Daniel Kunz commented, “The drill results reported today continue to increase the known strike length of the Z-T structure and have extended mineralization 200 metres deeper (vertically, from 700 to 500 metres above sea level) at the southern end of Z-T. We will continue to aggressively target these previously undrilled zones between the known pit shells.”
“After careful analysis of Vizsla Silver Corp.’s latest results from the Copala vein announced in their news release of September 12, 2022, showing significant mineralization over wide structural zones, including in wallrocks with quartz veinlets, we have decided to modify our protocol to sample the entire intercept of the structural zone in the same fashion as Vizsla Silver Corp.”
“The ore grades processed at Guanacevi continue to exceed plan, which has positioned the Company to meet the upper end of our improved production guidance. The outperformance is well timed, as we continue to face financial pressure from lower metal prices and inflationary effects on inputs,” stated Dan Dickson, Chief Executive Officer.
Rodrigo Barbosa, the Company’s President and CEO, noted, “Despite the weather, lower copper prices and lower productivity in Honduras, this quarter we increased our production by 5% compared to Q2 2022. We look forward to strengthening our output across all three operations as we move into the fourth quarter, particularly at EPP with higher grades and San Andres where operational efficiencies are expected to take effect.”
“Hecla reported another strong quarter of operational performance from all three mines as Greens Creek achieved record throughput for the quarter, Lucky Friday’s quarterly production continued to exceed 1 million ounces and the mine has already produced around 90% of last year’s annual production, and Casa Berardi delivered consistent production with the mill continuing the record throughput rates,” said Phillips S. Baker, Jr., President, and CEO.
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