Category: Exploration and Development

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The more drilling and geophysical work we do, the more it becomes clear we are looking at a big sulphide system at Tabasquena.”

Lawrence Page, Q.C., Southern Silver’s President and Director, stated: “Sole ownership of the CLM Project inclusive of the significant resources developed to date allows us great latitude in developing the Project for substantial resource growth. The Transaction also provides a 150% increase in attributable resources which is highly accretive to Southern Silver shareholders. An extensive diamond drill program will begin within the next two weeks designed to develop previously identified mineralization east of the intrusion for ultimate inclusion into the existing resource calculation.”

GR Silver Mining President and CEO, Marcio Fonseca, commented, “We continue to encounter evidence of a large hydrothermal system at the Plomosas Mine Area with the identification of wide mineralized intervals or high grade zones representing mulltiple mineralization styles and events.”

“We are pleased to have completed further underground and surface sampling at San Celso and Los Campos. In total, 12 samples were collected across the projects as well as some surface reconnaissance on neighbouring ground on strike south of the San Celso project area with signs of further historic mining. The results further validate the high-grade underground grades; the continuity away from the historic workings encourages us to push ahead with the next stage drilling work.”

“With significant step-outs and successful results to date, the drill program is going a long way in expanding the resource El Dorado which is still open in several directions. We look forward to incorporating these results and the on-going drilling into a new resource estimate at El Dorado. This bodes well as we continue to move the Las Minas project towards a preliminary economic assessment study in early 2021,” stated Philip O’Neill, Chief Executive Officer.

“The drilling that took place in 2017 and 2018 confirmed the widespread nature of the surface cropping disseminated gold mineralization throughout the Cerro de Oro project area. Mineralization was present in almost every hole beginning from near surface and remaining open for additional testing at depth,” stated Darren Koningen, CEO.

Derek Wood, CEO, commented “I am extremely pleased with the progress Tocvan Ventures has made in just over 18 months from completing it’s initial public offering. Tocvan negotiated and agreement with Colibri Resources Corp CBI-V less then one year ago. Since then the company has managed to de risk the project to a drill ready stage, while discovering new targets at surface and below areas of known mineralization.

Ranjeet Sundher, President and CEO, remarks “Significant values include 160 g/t silver across 7 m at Garabato, and 21.3 g/t Au across 1 meter at El Pino. Further work including trenching and soil sampling followed by drilling is clearly warranted.”