Category: Exploration and Development

The focus on this year’s drilling plan will be led by discovery drilling on a number of gold bearing breccia pipes in the cluster that comprise the Santana project. Some of these priority targets like Zata and Benjamin West have never been drilled before but have been shown to be gold bearing from several passes of surface sampling programs completed in recent years.

“The results from channel sampling at Pilar are extremely encouraging, exceeding our expectations and showcasing the potential for consistent high-grade gold with silver values for our bulk sampling” stated Brodie Sutherland, CEO

“Mercedes once again delivers on our expectations and we continue to be very confident in the long-term potential for this operation,” states Andrew Swarthout, Director of Bear Creek Mining and the Company’s Qualified Person.

“Our field crew has done a great job locating additional hot spots for drilling,” said Mike Romanik, president of Silver Dollar. “It’s intriguing to find such high-grade assays in and around some of these areas which have never seen a drill hole.”

“Impressive drill results continue to come in for the Eagle,” said Brad Langille, President and CEO. “We expect these holes, along with our previously released drilling results, will provide a very positive impact when we update our Mineral Resource Estimate and Preliminary Economic Assessment at Los Ricos South later this year. “

The program has achieved its objectives of replacing some specific areas where zero values were adopted in the previous resource estimation, but also, more importantly, defining the presence of high-grade gold and silver zones which form part of a distinct mineralizing event, hosted within the same structure as well as the footwall and hanging wall of the Plomosas Breccia.

Avino President and CEO, David Wolfin commented: “We are thrilled to deliver this updated mineral resource representing another milestone for Avino on our path to transformational growth. This update is a significant boost to our overall consolidated mineral resources at the Avino property, with the new ounces coming in at a cost of $0.05 per discovered silver equivalent ounce – an incredible achievement.”

“Today’s results continue to de-risk Copala with tightly spaced infill drilling, while incremental step-outs, beyond the recently announced updated mineral resource estimate, highlight the significant expansion/discovery potential remaining in the district,” commented Michael Konnert, President & CEO.

Chairman and CEO Frederick Davidson commented, “We are truly pleased to acquire a second mining district after evaluating hundreds of projects over the years in an effort to grow IMPACT. Currently Plomosas is a relatively small mining operation on a large mineral system.”

Brian Leeners, CEO of Prime Meridian, stated, “The Cuatro Hermanos Copper Project is currently an 8-square kilometre, at-surface, copper and molybdenum system with near-term soluble copper (SXEW) production potential. The asset in its entirety versus the current value of PMR, represents tremendous leverage to rising copper and molybdenum prices which are beginning to reflect projected deficits in forward supply.”