Prime Chief Executive Officer Scott Hicks commented, “Over the course of the quarter and since the quarter end, Prime has made significant progress. In September, we announced outstanding high-grade gold and silver drill results from Tahonitas at the southern end of the Z-T Trend. We also appointed board member Sunny Lowe, who brings a wealth of financial and industry experience to Prime.”
Chesapeake Gold Corp. announces plans to appeal the Mexican court’s dismissal of its lawsuit challenging the cancellation of its San Vicente 3 mineral concession, a key part of its Metates project, and will continue advancing the project and related studies while pursuing all legal options.
“We look forward to seeing the results from the second half of the 2024 program, which I expect will further indicate the potential to build on our resource inventory with the year-end mineral reserve and resource update and support the Company’s target of sustaining annual gold equivalent production between 450,000 to 500,000 ounces beyond 2030.”
“The combined favorable grades, strike length, vertical extent, and vein proximity, along with the manto’s size and continuity, make the deposit attractive for underground bulk mining,” said Don Gray, Chief Operating Officer. “Our exploration team’s careful attention while relogging the historic drill results provided an alternative geologic model.”
While it is premature to draw any definitive conclusions, Fresnillo has indicated that there is a reasonable possibility that these operational issues might lead to considerable revisions to the Silverstream Agreement.
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