Category: Exploration and Development

“We are pleased with the high quality of the drill core being recovered to date from the first holes from the El Pillado target by Diamond Drills Mexico S.A. de C.V. based in Hermosillo, Sonora, Mexico, and we look forward to identifying extensions to the previously drilled areas and opportunities for target definition based on the geological and geophysical interpretations for the two new targets.”

“We are very encouraged by the initial results from our re-evaluation of the Nora Project,” said Michael Romanik, president of Silver Dollar. “Follow-up geological mapping is underway and will include a detailed examination of the Candy Vein outcrops and known faults in the surrounding area to gain a better understanding of structural controls and define potential drill targets.”

Silver Tiger’s CEO, Glenn Jessome, stated, “We are pleased this new set of assay results continue to both confirm and expand the near-surface Stockwork gold deposit. Of particular interest is the developing “Footwall Zone” to east that continues to show grade and continuity while expanding the mineralization footprint.”

Minera Alamos Inc. is pleased to report that further to its Santana operations update the Company’s contractor mobilized at the Santana mine site at the beginning of April with mining activity at the Nicho Main zone to commence shortly.

Paul Weedon, Senior Vice President of Exploration, commented, “Drilling on the Yessi vein, since the initial discovery hole in August 2023, has continued to establish a well-defined system, with recent results such as 1,327 g/t Ag Eq over an estimated true width of 3.0 meters from 604.85 meters in SJO-1444 and 1,036 g/t Ag Eq over an estimated true width of 8.1 meters including 2,910 g/t Ag Eq in SJO-1460 highlighting the potential for high-grade shoots.”

“These surface results indicate that there is a robust polymetallic system present at Lucita North. When coupled with our excellent first-pass drilling results on the Palenque structure in Lucita South, the exploration prospectivity of the Lucita property remains high. We believe that the property contains several of the top targets in the Zacatecas district.”

The Company has internally modeled an open pit shell containing the identified mineralization and has chosen to advance these two zones into production. Mine ramp preparation and waste stripping was completed during January and February 2024 and production blasting and mining of mineralized material commenced at the end of February 2024.

Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “High grade mineralization at meaningful widths continues to develop at Tahonitas at the south-east end of the Z-T Trend, demonstrating potential to grow the existing mineral resource estimate. We are excited to see the development of this new lobe at Tahonitas and the exceptional grades being registered, both for gold and silver. This area remains open and is targeted for additional drilling.”

“The 902 zone at the La Colorada Skarn continues to return long intercepts in multiple drill holes, with the most recent drill holes returning some of the highest grade intercepts since we discovered the La Colorada Skarn in 2018.”

Simon Ridgway, Volcanic Gold Mines President and CEO, commented: “The drilling of the Veta Madre at the Motagua Norte project has intersected a broad zone of quartz veins, vein breccia and micro stockwork in two drill holes, located 100 m apart.”