To date, over 2,200 meters have been completed in 20 drillholes. Results for nine drillholes have been released so far. Two holes returned the best results ever outside of the Main Zone trend, returning 56.4 meters of 1.0 g/t Au and 42.7 meters of 1.0 g/t Au from the 4-T and North Hill trends respectively.
Sierra Madre Gold and Silver Ltd. is pleased to announce that SEMARNAT, the federal Mexican regulatory agency in charge of environmental permitting, has approved modifications to the existing operating permit for the Guitarra Mine and Mill complex, located in the State of Mexico, Mexico.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Today’s results build upon the quality of mineralization that we continue to discover at Guadalupe East and indicate that mineralization remains open in all directions. This area continues to return impressive silver values in addition to gold, including an intercept assaying just over 2,600 grams per tonne in 24GE-159 – one of the highest-grade silver intercepts we have recorded on the property.”
Greg McKenzie, President and CEO, commented: “We are pleased with our first drill results from the Rosarios Mine and anticipate these results should have a positive impact on future Mineral Resources, both in terms of tonnage and grade.”
“Early exploration results are showing great indications a larger robust mineralized system is present. With each phase we are get closer to identifying new mineralization close to surface that can be added to our maiden resource estimate.”
“The results today support the significant resource potential beyond the Main Zone.” commented Brodie Sutherland, CEO. “Today’s results hit one of the best holes ever off the North Hill Trend providing added confidence in identifying additional high-grade mineralization.”
Silver Tiger’s CEO, Glenn Jessome, stated, “As we continue receiving promising assay results, it is apparent that the developing “Starter Pit” and “Keel Zone” show excellent grade and continuity.”
“Drilling at the Napoleon Vein and its high-grade splay structures continues to demonstrate excellent continuity,” commented Michael Konnert, President and CEO. “New drilling along the central and southern portions of the Napoleon resource area has successfully expanded known zones of high-grade mineralization, proximal to potential development.”
Ramon Perez, Interim CEO, commented: “Our geology team at Tahuehueto are doing excellent work. They are progressively adding to our understanding of the mineralisation and confirming the enormous upside potential of the mine.”
Kootenay’s President & CEO, James McDonald states, “We increased the magnitude of step outs on the D-Vein with 100 to 300 meter step outs to great success on the first few holes. These large step outs along strike and down dip are rapidly building volume of mineralized vein.”
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