Category: Exploration and Development

Greg Davison, Silver Spruce Vice-President Exploration and Director stated, “We were pleased to identify Ag-Pb-Zn±Au vein-controlled mineralization within extensions to the previously drilled areas at La Prieta and El Pillado and two new opportunities for widening the target testing at El Pillado South and Mezquite-Raizudo based on the geological and geophysical interpretations and look forward to expanding future ground exploration of other known anomalous areas.”

Ian McGavney, President & CEO of Colibri commented, “We continue to believe that Pilar holds the potential to be a near term producing asset and are excited to move forward with our partner Tocvan Ventures to unlock its potential. The data generated in the current program will be extremely useful in furthering our understanding of the deposit and developing additional targets for its growth.”

Galore Resources Inc. has begun diamond core drilling at its 100% owned Los Gemelos/Duraznillo prospect in Zacatecas State, Mexico. The first two bore holes of a planned 5,000-meter drill program will be drilled at Galore’s previously mined area, which is one of several key targets comprising Galore’s Dos Santos claims.

Greg McKenzie, President and CEO, commented: “We are pleased with the infill drill results confirming the extension of the high-grade sulphide zone 100 m below the last mined stope in the San Marcos mine. Results from the four holes in this area indicate that mineralization is becoming wider at depth than the previously mined horizons.”

Heliostar CEO, Charles Funk, commented, “Recommencing mining operations at La Colorada is a key step for Heliostar to start 2025. The plan to recommence crushing and stacking, paused since September 2023, will drive the Company’s guidance forecast next year.”

Tim Warman, Atacama’s CEO, commented: “The Los Ingleses and Mexico Libre veins have seen very little drilling to date, so it’s especially encouraging to see multiple high-grade intercepts from both these areas, especially the gold-rich intercepts at Mexico Libre. The current drilling program has been extremely successful thus far in discovering, defining and extending the higher-grade zones that we’ve encountered in all the vein systems we’ve drilled to date.”

“We are excited to close the first tranche and announce RC drilling on the expansion area has commenced.” commented, CEO Brodie Sutherland. “This next phase of drilling will focus on the immediate expansion of mineralized trends to the north and northeast of the Main Zone, pushing the boundaries into undrilled areas.”

“The commencement of test mining and bulk sampling at Panuco is a significant milestone in our journey toward full-scale production,” commented Simon Cmrlec, Chief Operating Officer. “This major de-risking initiative not only allows us to validate development rates and conduct preliminary reconciliation to the resource block models and geotechnical models but also provides invaluable operational insights for our team as we advance the Project towards development.”

Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Guadalupe East continues to provide exceptional high-grade results. In targeting the sparsely drilled 700m gap between the main ‘Laija’ area at Guadulupe East and the Echeguren Shaft, we continue to find mineralization. Drill hole 24GE-160 is particularly outstanding for its high-grade gold and silver, measuring half an ounce of gold and over 2 kilograms of silver over a metre in length. Both drill holes 24GE-160 and 24GE-162 demonstrate the potential for further expansion of mineralized material, amenable for underground extraction.”

“The existing mineralization in the upper Caracol-host already set a strong foundation for the initial underground sulphide resource. It is now becoming clear that the future project will be enhanced by the Zone 22 Extension, and we continue to be impressed with the drill results: high-grade, polymetallic, and favourable metallurgy. Zone 22 remains wide-spaced drilled and open down-plunge, offering significant potential for further infill and step-out drilling to contribute to both resource growth and upgrades.” – Sylvain Guerard, Orla’s Senior Vice President, Exploration.