Category: Exploration and Development

Glenn Jessome, President and CEO, stated: “Based on representative samples from the Sulphide, Black Shale and Surface Stockwork Zones, we are pleased to report very high silver, gold and base metal recoveries. For flotation tests of the Sulphide and Black Shale Zones we note tremendous recoveries of 96 to 98% total silver equivalency for the milling process on the underground deposit; and for the open pit heap leach column tests we note that silver equivalency recoveries average above 78%, which represents a high recovery for a low-cost leaching process.”

“The drilling at Palos Verdes this year has been focussed on drilling areas that have not been drilled previously because they were not accessible under our previous environmental permit,” said Craig Gibson, President and CEO of the Company.

“The Bulk Sample process has been extremely important to the understanding of the surface expression of mineralization at Pilar along with defining a path towards optimal gold and silver recovery.” Stated Brodie Sutherland, CEO. “We are encouraged by the strong heap leach results for gold where the data suggests recovery can be improved through increased leaching solution flowrate over a consistent and longer leaching period.”

Commenting on these results, Chairman and CEO, James Anderson said, “For 40 years Industrias Penoles, the largest mining company in Mexico, mined the Argentina vein at Topia. Remarkably, the vein was not pursued to the east of the district, past a significant fault structure; we are very encouraged by these initial results that indicate production potential within 2km of our mill facility from this long-lived precious metals vein system.”

“Infill and expansionary drilling targeting the southern extent of Napoleon continues to intersect high silver and gold grades on both the main vein and its overlapping splay structures,” commented Michael Konnert, President and CEO. “We have now identified several splay veins branching off the main Napoleon structure located within both the footwall and hanging wall that remain open for future expansion.”

“We’re happy with the results from our additional hundred drill holes in the Main zone at Los Ricos South since our initial July 2020 Mineral Resource Estimate, including todays results. We believe they will prove to be quite impactful on our upcoming updated Resource and Preliminary Economic Assessment,” said Brad Langille, President and CEO.

Chair and CEO Eric Zaunscherb commented, “One must not lose sight of the significant exploration potential of the expansive and wholly owned Plomosas Project beyond its recently updated Mineral Resource. An excellent drill intersection hit rate has demonstrated the efficacy of the Company’s geological exploratory model as the SE Area Discovery mineralization is being extended along the Target Contact.”

“Based on representative samples from Copala, the largest known structure in the Panuco district, we are pleased to report very high silver and gold recoveries,” commented Michael Konnert, President & CEO of Vizsla Silver. “This is a significant de-risking milestone for the Project and provides positive implications for the ongoing development of the Panuco district.”

Colibri Resource Corporation is pleased to report that it has received permission from the Mexican environmental authority (SEMARNAT) to drill up to 2,000 metres on the Evelyn Property at the EP Gold Project on targets in the Main Zone and West El Sahuaro areas.

Dr. Jamil Sader, CEO and Director comments: “Core samples at the Jemi REE project demonstrates that eudialyte minerals, which host most of the rare earths, extend into the subsurface peralkaline dyke and sills. It is encouraging to see that the intrusive bodies intersected during drilling are significantly larger than their surface expressions.”