Category: Exploration and Development

Orla Mining Reports Fourth Quarter 2020 Results and Provides Camino Rojo Construction Update

“2020 was a significant year for Orla Mining as we advanced our key strategic priorities, most notably the Camino Rojo Oxide Project. Detailed engineering and procurement are well-advanced, positioning us for successful execution. Construction ramped up in the fourth quarter and we are focused on the critical path activities as we target first pour by the end of year,” said Jason Simpson, President and Chief Executive Officer of Orla Mining.

Prime Mining Extends Bonanza Grade Gold-Silver Mineralization 150 Metres Below Previous Drilling in Estaca Vein

Chief Executive Officer, Daniel Kunz commented “Our first Guadalupe East drill hole opens up impressive bonanza-grade gold-silver potential at Los Reyes and highlights the expanding potential at depth and to the east at Guadalupe. Recognition of the San Nicolas vein at shallow depths and below the current pit boundary offers significant pit expansion opportunities, while the newly sampled bonanza grade mineralized structures in an area known as Mina 20/21 may lead Prime to discover more mineral deposit areas”.

Consolidated Zinc Ltd. – Mineral Resource Estimate Update

Updated Mineral Resource estimate for Plomosas mine totals 941,000 tonnes @ 13.0% Zn and 3.4% Pb for 154,000 tonnes of contained metal in Indicated and Inferred categories. 40% of 2020 plant feed was mined from outside of the existing model.

Canasil Initial 2020-21 Drill Holes Extend the La Esperanza Mineralized Envelope Along Strike and to Depth

The vein intercepts in these drill holes confirmed that the La Esperanza vein can be located along strike and to depth as projected. The drill defined mineralized envelope, below the 150-metre strike length surface outcrop of the vein, has now been extended from 425 m to 525 m along strike (+23.5%). The southeast depth extent has increased from 250 m to 350 m (+40%), resulting in an overall increase of the mineralized envelope by 73%.

Southern Silver Reports on Recent Property and Corporate Matters

The Company is doubling the size of the current drilling program on the Cerro Las Minitas Ag-Pb-Zn project from an initial 10,000 metre program to a 20,000 metre program. Drilling will continue with two drills targeting the east side of the Cerro where to date three near-surface sulphide lenses with Bonanza-grades of silver have been identified. Shallow oxide Au-Ag mineralization has also been confirmed in the Mina La Bocona area. Mineralization in all of these new target areas is separate from the existing mineral resources.

Zacatecas Silver Announces Work Plans for Preparing Resource Estimate

In addition to targeting resource confirmation and upgrade through the current re-sampling and metallurgical work, there is also potential to significantly enhance the deposit through drilling. The Panuco deposit is open at depth and along strike. With a deep understanding of the geological structure and mineralization at Zacatecas, an extensive drill program is designed to expand the resource at Panuco as well as target high-grade silver at El Cristo and other key targets.

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