Category: Exploration and Development

GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “The discovery of wide, high-grade silver mineralization in this new area is not only evidence of the Plomosas Project’s exploration potential, but also testament to the efficacy of the exploration model developed by our geologists. They have clearly ‘dialed in’, hitting impressive mineralization on a blind target guided by modern exploration tools and concepts.”

James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”

Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “While we are highly disappointed with the news from San Celso meaning we have not secured access to advance the project as previously planned, we are encouraged by the anomalous results from the Donovan 2 assays, even though they lack any single assays that investors may deem ‘economic’.”

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

Akiba Leisman, CEO of Mako states, “Crucita is the second shallow high-grade discovery the Company has announced over the past 2 months at Las Conchitas. Our objective was always to start producing with a small resource, on a fraction of the San Albino area, and to use the cash flow from San Albino to unlock the potential of our orogenic gold system.”

The primary objectives of the drilling program is to better define the open pit, heap leach gold potential of the porphyry gold oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for northern extensions of the California mineralization at California North and northwestern extensions of the Jasper mineralization.

Mr. John Antwi, President and CEO of Bendito, commented: “The Bendito team is very excited to close this transaction and thanks Azure and its shareholders for their support and vote of confidence in the transaction and our business plan. We welcome all the Mexico employees, contractors, and local stakeholders of Azure Minerals to Bendito Resources. We have a target-rich geologic environment, and our team sees many opportunities to add substantial value to the projects.”

“The very high-grade CDH-140 intercept is an excellent result adding significantly to the El Refugio resource confidence on this westerly ‘section 800’ where there is no previous drilling. Drill hole CDH-141 intercepted a wide zone of gold-silver mineralisation with several reportable and high-grade intercepts, demonstrating the size and continuity of the El Refugio structure and its significance in the Copalquin District.”

Vice President of Exploration Rob Macdonald states: “These latest drill results have now confirmed the continuity of new mineralization over an approximate 400 metre strike-length extending laterally from the Mina La Bocona to the Skarn Front deposits.”

“These initial results are encouraging and suggest the gold recovery of oxide material at Pilar has the potential to be relatively high.”, commented CEO, Brodie Sutherland. “Work is underway to validate these results at a certified lab. In the meantime, we await the results of our latest stage of drilling at Pilar which aggressively targeted new areas beyond our Main Zone.”