Category: Exploration and Development

Scott Emerson, President commented: As we continue with our systematic and disciplined exploration approach on this newly consolidated district, the results from the Soledad Mine area are confirming that distinct areas of mineralization are recognizable indicating potential for significant mineralization in the other locales as we identify new and existing target areas for our drill campaign.

“We are excited to report the drill is back onsite and turning at Pilar.” commented Brodie Sutherland, CEO. “It’s been nearly two years since we last drilled at Pilar, with the previous drill program identifying new areas of mineralization to the east and southeast of Pilar’s Main Zone.”

Silver Tiger’s CEO, Glenn Jessome, stated, “We are pleased to announce that this new set of assay results continue to both confirm and expand the near-surface potential Starter Stockwork Zone. Of particular interest is the high-grade “Keel Zone” that is being delineated.” Mr. Jessome further stated, “These promising assay results help to further de-risk the project in conjunction with the underway PFS-level geotechnical and metallurgical studies.”

Kootenay’s President & CEO, James McDonald states, “We are very excited to get underway drilling Columba once again. The initial holes of this program will be shallow to confirm dip and then will transition into large step outs along strike of around 100 meters. This is to quickly determine and demonstrate the overall size of the D Vein shoot along strike.”

“Vizsla Silver has agreed to acquire another highly prospective precious metals rich district in the Sinaloa Silver Belt, marking the first time that the La Garra-Metates District has ever been in a public company.” Stated Michael Konnert, President, and CEO. “The consolidation and acquisition of a vastly under-explored, past-producing district in the state of Sinaloa is an excellent addition to our portfolio and demonstrates our strength in the region.”

“Ongoing drilling at the high-grade Copala structure continues to demonstrate exceptional mineral continuity,” commented Michael Konnert, President & CEO. “Since the delivery of the updated mineral resource estimate in January 2024, we have been focused on de-risking Copala through infill and geotechnical drilling with two rigs ahead of the initial project PEA. Today’s results further highlight that Copala is a precious metals dominant, very wide near-surface structure with a grade-width profile that can support a potential mining scenario.”

Kootenay’s President & CEO, James McDonald states, “D-Vein target has continued to return excellent grades and widths. Our most recent drilling program concluded in late 2023 and intercepted D Vein in each of the twelve holes. We are very pleased with the exceptional silver grades and consistent mineralized widths we see on that Vein. We commence drilling in 2024 with the aim of adding sufficient data to calculate our first mineral resource estimate at Columba by the end of the year.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to partner with Fortuna Silver as we have had a productive and respectful relationship having worked in parallel in Mexico for over 15 years. Riverside has invested in working up the project to an actionable stage and consolidated the tenures making this a highly prospective property that warrants the type of deep and thorough exploration attention that this agreement provides.”

Ian McGavney, President & CEO of Colibri commented: “We have only recently received the final map products from the drone magnetic survey, and it is already paying dividends. The results of the survey have provided “proof-of-concept” of our near-term drill plan, has provided key information for development of our EP Gold Project exploration model, and has resulted in the identification of new target areas.”

Akiba Leisman, CEO of Mako states, “this is another spectacular result from our exploration team. This exceptionally wide and high-grade intercept outside of our current MRE, is another clear example of the expansion potential of our current resource. We have been mining this area at Las Conchitas since last November. Therefore, this result will likely be turned into cash flow over the course of the next two years through normal mining operations.”