Category: Exploration and Development

“Drillhole D-96-03-22 returned the highest-grade intercept from the more than 200,000 metres drilled to date on the La Colorada Skarn project,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “Further infill drilling will provide tighter spacing to help define this high-grade zone, while step out drilling targets extension of the footprint to the west where the mineralization is still open.”

Three significant gold and silver mineralized structures, Amalia, California and El Cuervo, have been defined by more than 23,000 m of drilling. Across the 3 major structures, mineralization spans over 1,100 m vertically. Mineralization remains open for expansion at each target and multiple targets remain un-tested across the 6 km of structures defined to date.

Chief Executive Officer, Daniel Kunz commented, “Our ongoing Phase 2 drilling of step out holes at San Miguel East has made discoveries of both mill and heap leach grade mineralization that are expanding the potential resource at this deposit. Once again, our drilling continues to intersect multiple veins down-hole that increase the resource potential. We also expect that the deposit will grow along strike to the southeast eventually connecting with the nearby Noche Buena deposit.”

“These drilling results continue to support and guide our exploration campaign and will help the focus on defining the Santo Tomas North Zone” said Richard Lock, Oroco’s CEO.

GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “It is very exciting to see exploration concepts, like the potential for additional high grade precious metal mineralization extending to the SE of San Marcial, come to fruition. Recent results not only demonstrate this potential but also the potential for targeted infill drilling to capture the presence of near-surface, high-grade Ag and Au zones in the upcoming NI 43-101 update. Ongoing drilling is certainly proving the importance of understanding the structural controls on high-grade mineralization, with mounting anticipation of new discoveries as the geological onion is peeled.”

Tony Makuch, Interim CEO, states: “Our drilling in the far northeast of the deposit continues to intercept zones of high-grade mineralization well beyond the limits of our current resource. This current set of drillholes includes the two northeasternmost holes we have drilled on the deposit.”

Bruce Smith, President and CEO of Radius, stated, “Plata Verde has the potential to be a large-scale silver discovery and our new partner Fresnillo, as the world largest primary silver producer, recognizes that potential. Together, we have the technical resources and skills to explore and maximize the potential of the Plate Verde project.”

“Drilling by Zacatecas has only tested small areas of the overall vein system to very shallow depths. That the first thirteen holes intersected a robust silver-equivalent grades over down-hole intercept of up to 9.56 meters is very encouraging. The system is open in all directions across multiple veins.”

“The discovery of multiple, previously unknown, high-grade gold-silver structures, particularly the Camila vein, demonstrates that there is also significant potential at Yoquivo to discover additional high-grade structures on the property. The current drill program is expected to allow us to report an initial gold-silver resource on the property later this year,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.

Jody Kuzenko, President & CEO stated: “A key pillar of the Torex strategy is a renewed focus on drilling and exploration, and our latest drilling results at the Media Luna Cluster reinforce our positive outlook on our ability to complement future production at Media Luna. With the construction of the project well underway, we are stepping out beyond the existing mine resource footprint on the south side of the Balsas River, testing extensions of the Media Luna and EPO deposits, conducting initial drilling at previously identified targets, and identifying new exploration targets – all with the aim of demonstrating the underlying resource potential of the Morelos Property.”