Category: Exploration and Development

Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to conduct our program to drill holes to intersect the Palos Verdes vein at significantly deeper levels than in the previous drilling campaigns. We will be able to test the vein several hundred meters underneath the surface exposures with the first hole being underway.”

Akiba Leisman, CEO of Mako states, “Las Conchitas Central has thus far received the least amount of drilling since inception, but in this area, we are still finding similar high grade, shallow dipping, auriferous veins as we have throughout our 188 km2 land package. The importance of LC22-813 is that not only did it intersect 85.1 g/t Au over minable widths, but it was able to connect two zones previously interpreted as separate.”

The recent program of drilling at El Refugio has successfully extended and upgraded confidence both west and now east of the central El Refugio maiden resource area. Drilling continually intercepts high-grade mining widths as we progress work in this important part of the Copalquin Mining District.”

“Drilling continues to expand the Brazo Discovery, and we are awaiting results for eight more holes from the Phase II program,” said Mike Romanik, president of Silver Dollar. “We have paused further drilling until we receive the balance of the Phase II results, and the drill rig has been left onsite as we plan our next phase of exploration.”

Kootenay Silver’s President and CEO Mr. James McDonald stated “We are extremely pleased with the new results from Columba. Each of the holes was designed to extend the F and D veins beyond previous drilling, in some cases returning high silver grades which we expect from this project. As work continues to discover high grade shoots at Columba, we see increasing potential to identify a significant silver resource.”

Mel Herdrick, Sonoro’s VP Exploration, commented, “The data is a good example of continuity of gold mineralization which is coincident with the normal vertical and lateral variations we see when drilling. This detailed program also provided quality and unbiased sampling of the vein and part of the exposed mineralized wall allowing a more complete evaluation of gold mineralized volumes in this area.”

Laurence Pryer, VP Exploration at Orogen commented, “La Verdad was identified by Orogen’s technical team using our proprietary regional databases. The property offers excellent opportunity for discovery with several geological similarities to Ermitaño, which was identified by Orogen in 2015 (P&P reserves of 337 Koz gold and 4.9 Moz silver). La Verdad and other projects being generated by our technical teams illustrate Orogen’s commitment to organic royalty generation as a pathway to value creation.”

“The Copala Vein, located just north of Tajitos, has now become our primary focus for near-term resource expansion at Panuco,” commented Michael Konnert, President and CEO. “Nowhere else in the district have we observed such high precious metals grades over such broad intervals, located just below surface.”

Chris Wright, Chairman & CEO, stated: “Our team has been successful at identifying both near-surface and high-grade, vein-hosted silver mineralization, as well as a blind silver-rich zone that is over 45 metres wide, encountered in hole DDLU-22-10. The drilling within the central Lucita license area has demonstrated the continuity of the Palenque vein system over a 4 km vein corridor. This vein system represents an emerging discovery in a world-class silver mining district.”