“We are pleased with how quickly our area of interest is expanding and the added confidence we are gaining with each progression of Gran Pilar” commented Brodie Sutherland, CEO.
“We announced the agreement with Fortuna Mining in March and have spent the past six months incorporating the results from a recent airborne magnetic survey and extensive geochemistry and mapping into our past project databases and have designed an initial drill program to test three of the highly prospective targets for the project.”
Tim Warman, Fuerte’s CEO, commented: “We’ve now completed 20 holes in the Guadalupe vein as part of the current program, and have successfully defined at least three high-grade zones that appear amenable to underground mining, with these zones remaining open at depth. Drilling will now shift to the Los Ingleses vein system in the northeast part of the property (Figures 1 and 9), where some of the highest-grade surface samples have been found.”
Jody Kuzenko, President & CEO of Torex, stated: “The results of the internal pre-feasibility study on the EPO deposit significantly enhance our strategy to deliver robust, long-term, value accretive production out of the Morelos Complex in a highly efficient way by leveraging infrastructure associated with the Media Luna Project. With the addition of EPO into the updated mine plan, we have further bolstered the cash flow capability of our world-class asset, with continued upside as the prospectivity of the Morelos Property continues to show itself through the drill bit.”
Chief Operating Officer, Greg Liller commented, “I am very pleased with the operating results to date. The Guitarra team is doing an excellent job of moving operations towards a sustained production rate of 350 tonnes per day, our next test production goal. Upon achieving 350 tonnes per day the team has an orderly plan in place to move towards 410 tonnes per day, then to the commercial mining and processing rate of 500 tonnes per day before year end”.
“Our PDA development plan to be released later today is expected to outline another attractive, high-return project that will nearly triple the current mine life of the Mulatos District. The development plan will be based on PDA’s current Mineral Reserve of one million ounces which had more than doubled over the previous two years. Our continued exploration success at PDA in 2024 highlights the significant upside potential to the project through further growth in higher-grade Mineral Reserves and Resources,” said John A. McCluskey, President and Chief Executive Officer.
“I am thrilled to announce the start of this fully-funded drill campaign” said Peter Latta, President. “Our team on the ground, as well as our technical advisors, have done a tremendous job collecting, analyzing and synthesizing all the data for these targets. I am eager to see the what possible mineralization lies underneath the out-cropping NW-SE trend of old workings and mineral occurrences that we have been able to identify.”
Scott Smith, Executive Vice President of Exploration, added, “The holes released today include some of the southeastern-most holes we have drilled to date, collared at over 550m along strike from the southeast Z-T pit crest. These holes intersected mineralization at elevations between 370m to over 450m (above sea level). We know that the areas where mineralization occurs in this structure also extend above and below these elevations, which in turn provides great targets to continue to expand Z-T in this direction.”
“We are very pleased with the results of the resource drilling,” stated Robert Archer, Electrum President & CEO. “In particular, the continuity and high grades of copper mineralization within and adjacent to the breccia pipe, the discovery of high-grade copper extending to depth, the extension of gold mineralization and the discovery of bonanza-grade molybdenum and even silver, will all have a significant impact on the resource estimate to be prepared by Stantec in the coming months.”
“The Company is very pleased with the progress being made since implementing the new operating plan for the Santana gold mine in June. Mining and stacking rates are now approaching levels last achieved in 2022 and as the lagging gold leaching recoveries naturally expand we are looking forward to a forecasted return to cash generation at Minera in Q4 of this year.” stated Darren Koningen, CEO.
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