Category: Exploration and Development

“We are pleased that the arrival of a second drill at El Mezquite will allow Silver Spruce to complete our Phase 1 program by the end of July and permit all samples to be fully logged and submitted to the lab before the second week of August. The technical team has been expanded with additional geologists and samplers to expedite our progress,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

These highlight intercepts from drill hole 21CLM-159 which were intersected less than 200 metres below surface, fill a significant gap between mineralization identified in this current 2020-21 drill campaign and that identified in the earlier 2012-13 drilling and help build continuity within the known mineralized zones identified at the South Skarn target. Current modelling has identified three panels of mineralization at the South Skarn target, the largest of which can now be traced laterally for approximately 400 metres and up to 580 metres down-dip.

“Despite the challenging weather conditions since late June we have managed to complete the planned process plant commissioning and bring the leaching and recovery systems online at their design capacities. In addition, mining activities to open up the Nicho Norte pit have advanced to a point where we now have sufficient working area to transition to the larger equipment fleet planned for the ramp up to commercial operations.” stated Darren Koningen, CEO.

“We continue to see strong results from our drilling program at El Orito, with wide zones of good potentially bulk mineable grades surrounding higher grade intercepts,” said Brad Langille, President and CEO. “We are very excited to see that the targets located with our IP geophysical program are yielding great results from drilling, such as those seen in hole LRGO-21-052. We have many additional targets to test over the coming months.”

Mel Herdrick, Sonoro’s VP of Exploration noted, “The sampling and mapping program is producing important new data that, when added to Sonoro’s database, significantly assists our ability to locate drill targets and prioritize our drilling, which is anticipated to resume this fall.”

“The results of this initial drill program are encouraging as we had some significant grades hit at each location,” said David Wolfin, President and CEO. “We will integrate this information into our geological model to improve our understanding as we continue to look for economic deposits similar to our San Gonzalo mine while at the same time looking to add M&I resources at our Avino mine.”

Over the next few months, Terreno staff will focus on updating the geological and geochemical databases, interpreting results, and planning for a drill program later this year, subject to financing. Terreno management is very pleased with this years’ exploration results and look forward to further advancing the Las Cucharas Project.

Vizsla President and CEO, Michael Konnert, commented: “The fact that we have confirmed successful electromagnetic targeting of the high-grade veins in the district, is ground-breaking for Vizsla and the Panuco district. This successful EM survey is a testament to the high-grade nature of the district which features massive to semi-massive sulphide mineralization which is typically uncommon in Mexican vein fields.”

Greg McKenzie, President and CEO commented: “The discovery of high-grade skarn mineralization over sizable widths, commencing only 150 metres from surface, is an important advancement in the project. These newly discovered high grade mineralized zones reside only 185 m above the Fernandez Zone and could potentially be accessed through conceptual shared development.”

“The zone at Casados continues to show high grade intercepts included within wider zones of potentially bulk mineable tonnage,” said Brad Langille, President and CEO. “We continue to advance Los Ricos North towards a significant initial resource.”