Day: December 3, 2024

“The third quarter was our first full quarter of production from the Nicho Main Deposit and efforts are focused on expanding working areas in the new pit to allow for increased mining and stacking rates which continue to accelerate and are now approaching 2022 levels. In addition, we have initiated the construction of the first phase of leach pad expansion at the project which will further assist in the operational efficiencies.”

President and CEO Frederick Davidson commented, “We are pleased with these new high-grade drill intersections on extensions of the Tres Amigos Zone adding mineralization for ongoing mining. We now have two drills testing extensions of near mine targets and plans to carry out exploration drilling on other targets along the under-explored six kilometre trend next year.”

Glenn Jessome, President & CEO stated “After the release of our robust PFS on the near-surface, low-capex open pit portion of the El Tigre Project, our next goal will be to complete a PEA on the underground component of the project in the first half of 2025. Our current underground drilling program is targeting the Veins, the Sulfide Zone and the Shale Zone from our 400-meter-long rehabilitated haulage-way.”