Category: Exploration and Development

“We are excited to continue moving forward at Pilar with this key step towards future development and planning.” stated Brodie Sutherland, CEO. “The LiDAR survey will serve to establish a high-resolution surface model in which we can begin detailed planning for infrastructure. It will also be a useful tool in drill targeting as we will be able to pickup historic mine workings and geological features that host potential gold and silver mineralization.”

Mike Struthers, CEO, commented: “The team at Tahuehueto, including our contractors and senior management, have done a great job in maintaining construction progress, pushing towards our 1,000 tpd goal, and we are on track to achieve this by year-end. We plan to be testing the second mill by late-November, and if successful we should be able to start ramping up to 1,000 tpd shortly afterwards. We are very close now to delivering Tahuehueto as the next, new profitable gold mine in Mexico.”

“We are excited to announce yet another high-grade, near-surface discovery at the Panuco project,” commented Michael Konnert, President and CEO. “El Molino was discovered while conducting condemnation drilling between the Copala and Napoleon resource areas where future mining infrastructure could potentially be situated. This discovery marks the second new discovery of this year’s drill program that is in close proximity to the Project’s other major resource centres.”

“We continue to be very encouraged by the results of the ongoing drill program in the South-East Deeps zone” said Dale Andres, CEO of Gatos Silver. “These drill intercepts, which are from areas outside of our current mineral reserve, further support our target of extending the mine life by the third quarter of 2024. Definition drilling is identifying high-grade zones within the broader inferred resource. We are prioritizing these zones for potential conversion to reserves.”

Fred Davidson, President & CEO stated, “This is a tremendous milestone for our Company as we embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget. I would like to thank our exceptional technical team for a job well done.”

“Initial due diligence was completed to get a sense for the area, to quicky see those results yield high values for gold and silver showcases the true potential beyond Pilar.” stated Brodie Sutherland, CEO. “Not only are we seeing an extension of the Pilar mineralized system immediately to the north of the previous boundary, we are seeing significant gold values well beyond with excellent indications in the geochemistry that there is more to be discovered.”

“To finalize this agreement is a major milestone for the Company, completely changing our trajectory towards becoming a producer with significant resource potential.” Stated Brodie Sutherland, CEO. “To now be able to explore a much larger area primed for new discoveries and provide immediate expansion potential to Pilar itself gives our shareholders added upside.”

“These encouraging drill results expand our knowledge as we continue to push the boundaries of the mineralized horizons along the Santa Cruz vein. Given the widths and grades of the intersections near existing development, this work is expected continue Guanacevi’s history of growth and reserve replacement,” stated Dan Dickson, Chief Executive Officer.

“We are very pleased to see such excellent high-grade results in the first holes ever into just one of several multi-kilometer structural trends we’ve identified cutting across the property. These structures have seen extensive prospecting and very small-scale mining, but the system has never been explored with a large-scale perspective and we are excited to see what the other structures reveal”, Dr. Craig Gibson, President and CEO commented.

Kootenay’s President & CEO, James McDonald states, “these are important holes because they increase the volume of mineralization in the D Vein shoot with impressive grades and widths.”