“We are excited to report that we hit substantial widths at grades well above our current cutoff grade on all four drill holes as we look to define the mineralization limits at depth,” said David Wolfin, President and CEO. “In addition, we have continued to define the hanging wall breccia which is an offshoot of the main Avino Vein that originates from surface.”
Orex’s President & CEO, Ben Whiting, P.Geo., said; “This is a positive step in the advancement of the Coneto Project. An understanding of the alteration of host rocks, due to hydrothermal fluid flow, is important for identifying feeder systems for the gold and silver mineralization.”
Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, “Since acquiring the La Guitarra property in March 2023, we have completed the first-ever district-wide mapping exercise of the Temascaltepec mining district. The data will provide valuable information as we work on interpreting the controls on mineralization, advance our understanding of project-scale systems and plan future drill programs in the Eastern and Western districts.”
“Our regional program also continues to highlight the long-term potential in the Mulatos District. Following up on our initial success at Capulin earlier this year, step-out drilling has confirmed the significant potential in the area, returning the best hole to date. Mulatos has a long history of Mineral Reserve replacement through the discovery of a number of high-return deposits within the District.”
Chief Executive Officer of Vortex Metals Vikas Ranjan emphasized the significance of Phase 1 completion, stating: “The results of our finalized geological field program are very promising and mark a crucial milestone in the company’s timeline. Data gathered from the now-complete Phase 1 will be instrumental in shaping future drilling initiatives, which we believe could ultimately lead us to the discovery of substantial VMS structures.”
Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “These drill results at Los Reyes further demonstrate potential for expansion of the current resource inventoried in our May 2023 MRE. Specifically, we are very encouraged by the results at the southern part of the Z-T Zone where hole 23TA-71, coupled with previously released holes 67 and 69, is extending the resource envelope over 200 m below the MRE boundary – more than 100% increase in vertical extent.”
President & CEO Bruce Smith commented: “The Radius team is excited to have drilling underway at Tropico. We have been chasing this target for several years and now we can finally drill-test it. Fresnillo is one of the world’s greatest epithermal systems and to have optioned a gold bearing sinter and breccia pipe target within this district that has not yet been drill tested is remarkable.”
“La Luisa continues to impress with very high precious metals grades over increasingly broader widths,” commented Michael Konnert, President and CEO. “We have now expanded the high-grade mineralized footprint at La Luisa to ~700 metres along strike by 400 metres down dip and it remains open in all directions. Moreover, new drilling approximately 500 meters along strike to the north has discovered shallow vein mineralization believed to be the continuation of La Luisa.”
Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, “We are very pleased with the progress at La Guitarra since the March 2023 closing of the acquisition from First Majestic Silver. Work towards a new resource estimate in accordance with NI 43-101 is underway, concurrent with evaluating historic cost data that would feed into a Mine Restart Study. On the ground, we are focused on preparing the mine, plant, and equipment for a prompt restart.”
Alan Pangbourne, CEO, commented, “We are very encouraged with the latest results from this phase of metallurgical testwork. A systematic, methodological approach individually testing several parameters under different conditions is being undertaken in 42 columns. The results have identified certain parameters that provide the conditions where the leach technology oxidizes mineralization at a faster rate than our previous testwork. Under these conditions, we believe the targeted oxidation curve will be achieved and provide the foundation for preparing the pre-feasibility study early next year.”
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