Category: Exploration and Development

“We are excited to report these high-grade mineralization intercepts at Palos Verdes. What makes these results even more significant is that they come from drill sites that were not previously accessible for drilling,” said Dr. Craig Gibson, President and CEO of the Company.

“Our understanding of the La Republicana Zone has been greatly advanced, and these initial step-out holes are a great start to this phase 2 drilling, building up a decent sized mineralized zone close to the surface with very economic grade oxide gold,” said Reyna Gold CEO Michael Wood.

Silver Tiger’s CEO, Glenn Jessome, stated, “This drilling indicates that the Sulphide Zone continues to extend along strike with an increase of 50 meters to the south. The high-grade Sulphide Zone now has a total strike length of over 250 meters and is open in all directions. Further drilling to the north and south of the Sulphide Zone should continue to expand this area of known mineralization.”

Dr. Craig Gibson, President and CEO, commented: “Trench sampling at Los Pavitos has shown that in some areas the narrow high grade quartz veins defined in surface sampling are hosted by wider mineralized structures. Wider zones of gold mineralization near the surface could be important for future development of the property. We are looking forward to exploring these mineralized zones by drilling, planned to commence shortly.”

“We are very pleased with the results from phase 1 of 2023 drilling. The more we explore this property the more indications we find of a large, long lived magmatic-hydrothermal Au-Cu-Ag system with multiple overprinting events. This project is in its infancy and we are only beginning to realize what its potential might be.” – Michael Tucker – Director and Lead Geologist.

“We’ve drilled over 100 additional holes in the Main zone at Los Ricos South since our initial drilling which was included in our July 2020 Mineral Resource Estimate. Our additional drilling has helped us better define the continuity of the high grade ore shoots in the deposit,” said Brad Langille, President and CEO.

“Our continued drilling success shows why we are so excited about the future for this district,” said Dale Andres, CEO of Gatos Silver. “Our next mineral resource and reserve update is nearing completion and will be a first step in extending the mine life and showing the potential scale of SE Deeps.”

Heliostar CEO, Charles Funk, commented, “Hole AP-23-297, 242m grading 9.06 g/t gold, is an incredible gold intercept that exceeded our expectations. It shows potential to add ounces at higher grade in the up-plunge growth target. And it illustrates the excellent continuity of high grade along the length of the High Grade Panel.”

Ian McGavney, COO of Colibri commented, “Our drill plan at the Main Zone is designed to further validate our current interpretation & geological model and if successful it has the potential to double, or more, the footprint of the Main Zone. Northwest trending structures are very important at established gold mines in the Caborca Gold Belt and if they are confirmed with our Main Zone drilling it may provide the structural setting required to realize increased average grades. We are also very pleased to be drilling the West El Sahuaro target.”

“Expansion drilling at Copala, both to the southeast and north, continue to highlight a robust precious metals structure well beyond the January 2023 resource boundary,” commented Michael Konnert, President & CEO. “The overall strike length now measures approximately 1,670 metres long and remains open in both directions.”