Category: Exploration and Development

“2024 was a milestone year, as we made significant advances in our understanding of the geology of the El Soldado Claim at the Ana Maria property, and work towards making discovery,” said Peter Latta, President.

“Infill drilling through the Main Zone is identifying precisely where we can source moderate to high-grade ore during pilot and full-scale mining.” commented, CEO Brodie Sutherland.

Tim Warman, Fuerte’s CEO, commented: “These most recent holes were successful in helping to define the geometry of several high-grade zones within the Guadalupe and Mexico Libre vein systems, and refine the geological model ahead of the resource estimate planned for later this year. Several holes also expanded the area of lower-grade, near-surface mineralization in the Guadalupe vein, which could add to the existing open-pit resource above the higher-grade underground zones.”

“Drilling at La Soledad in the Target 1 resource area continues to intercept multiple high-grade silver-gold veins with grades higher than the average Target 1 mineral resource estimate (MRE) published in November 2021 (NI43-101 in August 2024). Further drill holes are scheduled in the Target 1 area at Refugio and Refugio West ahead of an update of the Target 1 resource.”

John Eren, President and CEO states, “The Loma Verde vein was intercepted in every hole in this phase of the program, thus confirming the strong continuity over 1.2 kms strike length. There is also further depth potential with the down-dip of the mineralized shoots. This is a true gold-silver project, as each precious metal accounts for roughly half the contained value.”

“These near-surface high-grade results showcase the rapid development potential of Pilar.” commented, CEO Brodie Sutherland.

After detailed geological, geochemical and geophysical data modelling in partnership with leading geological experts, the Company has identified multiple new drill targets in the vicinity of the San Marcial Resource Area.

President, Scott Emerson, commented: “We have now completed geochemical sampling over our targeted zones. As previously noted on the Soledad structures and now at Silvia and Plata, the presence of high-grade samples hosted in intrusive, volcanic and sedimentary rocks confirm these are highly prospective areas for drilling in our upcoming drilling campaign.”

Alberto Orozco, Capitan’s CEO stated: “I am very excited about the upcoming restart of drilling at the Cruz de Plata project. Over the past several months, our technical team has been diligently refining and enhancing our understanding of key drill targets. With the successful closing of our recent financing, we are now positioned to begin testing these targets as we continue to evaluate the project and generate new opportunities. I have great confidence in the geology and strong potential of Cruz de Plata, and I believe this next phase of work will be instrumental in unlocking its value.”

John Skeet, Mithril’s Managing Director and CEO commented: “Drilling at La Soledad in the Target 1 area has continued to produce exceptional results for this silver and gold rich multi-level historic mine area. The La Soledad structure is open at depth and to the north-west with the opportunity to locate additional ‘ore shoots’ along strike.”