Category: Exploration and Development

“We are extremely excited with the results today highlighting the additional resource potential that exists along the several parallel trends to the Main Zone which we believe can be tied together into a sizable area.” commented Brodie Sutherland, CEO.

“Our ongoing exploration campaign continues to expand and convert near-surface mineralization at La Luisa,” commented Michael Konnert, President and CEO. “La Luisa is one of the newest discoveries Vizsla Silver has made in the Panuco district, and currently hosts 4 million ounces of indicated and 25 million ounces of inferred silver equivalent resources.”

Greg McKenzie, President and CEO, commented: “We are pleased with the strong returns from the La Estrella, San Rafael and C1940 Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 135 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate. We anticipate these results will have a positive impact on future resource updates.”

President and CEO Frederick Davidson commented, “The Guadalupe mine first began production almost 500 years ago and we are still finding new discoveries in the swarm of veins that make up the mine complex mineralizing system. We are currently drilling this new Kena Vein South from the 140 metre level of the mine.”

Scott Emerson, President commented: The old workings sampled and reported here are distributed over approximately 530 meters and approximately ½ mile (1 km) from the old operating Soledad Mine indicating the mineralization carries entirely along the 1.7KM Soledad structure which was not previously recognized by the old miners.”

“While there have been obvious changes in costs since the Los Verdes PEA report was published this has been accompanied by recent strengthening of metal prices. The current environment provides an ideal opportunity to revisit the development of a potential copper production “hub” in southern Sonora where there exist a number of known but undeveloped copper deposits,” stated Darren Koningen, CEO of Minera Alamos.

Silver Tiger’s CEO, Glenn Jessome, stated, “As we continue receiving promising assay results, it is apparent that the developing “Footwall” and “Keel Zones” shows excellent grade and continuity.” Mr. Jessome further stated, “The results may increase the updated MRE associated with the PFS-level study, as well as further de-risk the project.”

“Suaqui Verde has been on the Minera team’s radar for many years and its acquisition adds significantly to the Company’s copper assets in the area where we already operate. The area surrounding Los Verdes hosts numerous copper deposits. The combination of these assets into a single entity greatly expands the potential options for developing a regional copper “hub,” the production from which can grow organically over time.”

“Recognizing that Alamos hosts CRD mineralization in addition to our existing high-grade silver veins, creates a significant new target for us,” stated Darrell Rader, President and CEO of Minaurum Gold. “While carbonate rocks are known throughout the project area, CRD mineralization has never been directly targeted.”

Tim Warman, Atacama’s CEO, commented: “These first five holes provide excellent support for our goal of delineating and expanding the known higher-grade zones within the Guadalupe vein system to define a robust underground resource at Cristina.”