Category: Exploration and Development

Chair and CEO Eric Zaunscherb commented, “Our current drill program is successfully demonstrating that wide, shallow, silver mineralization extends to the southeast from the SE Area discovery. We look forward to committing to the 12,500-metre drill program that has been recommended, pending board approval, that will further test this highly prospective target area.”

Vortex Metals’ Chief Executive Officer Vikas Ranjan commented, “The exploration activities conducted previously by the late David Jones, uncovered remarkable prospects for the Zaachila project, featuring exceptional exploration targets within a geological environment similar to our Riqueza Marina project, located 30 km to the north.”

Heliostar CEO, Charles Funk, commented, “The key to our vision for Ana Paula’s future is to define high-grade, underground-minable gold mineralization. The current drill program’s exceptional intercepts reinforce this view. The results from hole AP-23-293 illustrate the potential with a 139% increase in grade relative to the current resource model, at a >5 g/t cut-off grade.”

Chris Wright, Chairman & CEO, stated: “We are extremely encouraged by the continued success of our drilling campaigns at the San Acacio project. As a result of diligent targeting and modeling work, leading to multiple successful phases of drilling, our technical team has been able to further demonstrate the continued potential to outline a large mineral system within the historical San Acacio mine area on the Veta Grande vein system.”

Simon Ridgway, Executive Chairman, comments: “I have recently had the pleasure to tour Tropico property with CEO Bruce Smith and our geological team, and I am impressed by the target and excited to start drilling. I am struck by the similarity to the Cerro Blanco project (Bluestone Resources hotspring sinter project with M&I resources of 3.1 Moz (M&I) @1.5 g/t Au*) which the Goldgroup team were fortunate to discover earlier in my career.”

We continue to intercept wide zones of high grades at the Los Ricos South Eagle deposit. We anticipate that results like these will could add significantly to our upcoming revised resource and preliminary economic assessment to be completed this summer,” said Brad Langille, President and CEO.

“The high-grade zone at La Luisa continues to grow at depth, where new drilling has now extended mineralization by an additional 125 metres down dip,” commented Michael Konnert, President and CEO. “We remain encouraged by the high gold to silver ratios, which may suggest the top of a more extensive mineralized system at depth.”

“We are excited to be undertaking the trenching program in the main mineralized trends in preparation for an initial drill program at the project of at least 2,500 meters projected to commence in the second half of June,” said Dr. Craig Gibson, President and CEO of Primo. “The trenching program will cover three mineralized areas: Las Auras, Santa Cruz and Oromuri.”

Chair and CEO Eric Zaunscherb commented, “The conversion of surface silver geochemical anomalies, related to the mapped target contact zone, into confirmed bonanza-grade drill intersections is a testament to the efficacy of the Company’s geological model. Our confidence in the prospectivity of the southeast extension of the target contact zone grows, as does our excitement at the potential of new drill targets being generated to the south through detailed mapping, geochemical and channel sampling.”

“I’m very pleased with our progress towards this important goal of achieving 500 tpd at Tahuehueto” said Mike Struthers, CEO. “Our team, and our contractors and consultants, are all performing very well. And while our focus is firmly on achieving the 500 tpd goal, we are also in parallel taking some key steps towards our ultimate goal of 1,000 tpd by the end of the year. We have located an alternative second mill in Mexico with a larger capacity of 750 tpd, which will provide a valuable buffer for sustaining 1,000 tpd production.”