Tony Makuch, CEO, states: “Our Feasibility Study has delivered outstanding results that clearly establish Cordero as one of the world’s leading development-stage projects. Cordero is the largest undeveloped silver project globally based on both reserves and annual production and has low unit costs in support of high margins and substantial cash flow generation.”
“We are very pleased with the La Joya target development work and particularly the stellar sampling results that have now delineated the Central Dyke Zone over a strike length of 770 metres,” said Michael Romanik, president of Silver Dollar. “Notably, sample 161 from the Hueco Grande working returned our highest grade to date on the Property at 152.07 ounces per tonne silver equivalent.”
“Ongoing drilling continues to demonstrate mineralized continuity at La Luisa,” commented Michael Konnert, President and CEO. “La Luisa is the newest structure to be included in the Panuco Project resource base and hosts some of the highest gold grades discovered to date in the district. Given it is situated within the same vein corridor as the three-kilometer-long Napoleon, we continue to test the extents of La Luisa mineralization, which has only been traced for a kilometer and a half and remains open in all directions beyond the January 2024 resource boundary.”
Jean-Paul Tsotsos, Interim CEO, commented, “The Lucy discovery continues to shine as an exciting project in Chesapeake’s portfolio. These preliminary Lucy metallurgical results outline a simple, conventional processing pathway to gold doré. The next phase of exploration and drilling has commenced on Lucy to better evaluate the footprint and scale of this new discovery.”
“Although the assay discrepancies from the Candy vein drill core are puzzling, the Nora property has other priority exploration targets that we intend to follow up on while we take a closer look at the Candy vein structure,” said Michael Romanik, president of Silver Dollar.
Heliostar CEO, Charles Funk, commented, “Since acquiring Ana Paula 10 months ago, Heliostar’s team has moved quickly to redefine Ana Paula as a high-grade underground gold project. We have successfully increased the resource, identified a >10 g/t gold zone for possible commencement of mining, identified additional resource growth areas, demonstrated significant improvement to gold recoveries, and bolstered the Company’s management team. The Company intends to maintain the current high pace of progress in 2024 by studying the benefits of completing the existing underground decline to test mine a bulk sample.”
Sierra Madre Gold and Silver Ltd. is pleased to provide an in-depth update of its activities at the 100% owned past-producing La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico, 130 km southwest of Mexico City.
“We are very encouraged with the exploration results that have been achieved throughout 2023,” stated Keith Neumeyer, President & CEO of First Majestic. “The recent drilling has accomplished multiple goals from highlighting new geologically prospective areas to expanding and further defining known silver and gold mineralization. These results provide the basis for First Majestic’s year-end update of Mineral Resource and Mineral Reserve estimates expected to be released at the end of March.”
“We’re excited by the outcomes of Orla’s Camino Rojo Sulphide infill drill program. The results contribute to refining our understanding of the deposit’s higher-grade zones to inform future development planning. The discovery of a new mineralization style beneath the Caracol formation adds a compelling new dimension to our exploration efforts in 2024.”
Dr. Craig Gibson, President and CEO of the Company, stated, “The alteration study provides further evidence that our hypothesis for a downward offset of the northeastern portion of the Palos Verdes vein is correct. Our drilling has shown that the large high-grade mineralized shoot identified on the vein terminates abruptly against this northeast structure, indicating that mineralization was cut by it and offset to deeper levels. The deep drilling to be conducted from our Strategic Partner Vizsla Silver’s ground is designed in part to explore this concept and will target the Palos Verdes vein at depth.”
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