Category: Exploration and Development

Akiba Leisman, Chief Executive Officer of Mako states that, “we are always working on three objectives simultaneously; commercializing our 500 tonne per day mining operation at San Albino, developing a resource at Las Conchitas to double the size of our operations, and proving that we have an orogenic gold mining district.”

Chairman and CEO James Anderson remarked: “We know a great deal about the El Pinguico project due to the fact that we can enter the 110-year-old mine in several areas and see the work of the miners from that era. From a geological and exploration perspective however, we are at the very beginning of our journey.”

“The much awaited blast which just occurred is a monumental step for Mexus.”

“We expedited our due diligence, validated our high level of interest and now have signed the DA to acquire an interest in Diamante,” said Greg Davison, Silver Spruce VP Exploration and Director.

Chris Wright, Chairman & CEO, commented: “We are encouraged by these results, some of which are the highest-grade silver results that Defiance has drilled to date at San Acacio. Follow-up drilling in this zone will be aimed at defining the structure up-dip, and systematically stepping down-dip to test the vertical profile of the Veta Grande structure.”

Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold-enriched mineralization identified earlier in the 2020-21 drilling. Mineralization can now be traced laterally for over 150 metres strike and up to 450 metres depth and drilling between the two main high-grade lenses has returned positive assays resulting in increased continuity between the two lenses.

New results include AMDD21-31 which intersected 13m at 0.9 g/t gold and 116 g/t silver. A new drill permit has recently been granted to test targets at California and El Cuervo. Geological teams are continuing detailed mapping and have recently extended the El Cuervo veins and breccias by 1km and the California vein system by 500m. Drilling of these targets is expected to commence in the second half of the year.

Carlyle’s President and CEO, Morgan Good, commented, “Carlyle is excited to yet again receive positive drill results from the Cecilia Phase 1 campaign. In particular, hole 6 returning high-grade gold with its intercept into the North Breccia target further confirms the presence of something potentially very exciting. We are more confident by the day that a subsequent Phase 2 drill campaign is warranted and optimistic that the results, especially drill testing to depth, will prove successful and continue to provide added value to all shareholders.”

Riverside’s President and CEO, John-Mark Staude: “We are pleased to see this program progress with Carlyle Commodities Corp. where we are shareholders and delighted to see the exploration program return higher grade gold. These new results continue to build upon the historical work by Cambior and others, combined with the current 2021 drill campaign which is beginning to show new target ideas, new gold mineralization controls, and widening the perspective for discoveries.”

“We received our due diligence assays from Diamante and, given the highly favorable results for Au-Ag, Cu-Pb-Zn and pathfinder elements, have established the ultimate terms for the acquisition and will ratify a definitive agreement (DA) this week.”