Category: Exploration and Development

“Vizsla continues to test target areas in the Central portion of the district in parallel with resource growth at Napoleon and Tajitos-Copala”, commented Michael Konnert, President and CEO. “These wide, high-grade intersections announced today are the reward for this strategy, with San Antonio demonstrating that the Cordon del Oro Corridor has significant potential to become another important resource centre at Panuco.”

“Sonora is well known for cost-effective mines that can operate open pits with grades below 0.5 g/t Au with very favourable production costs. Seeing this broad low-grade mineralization and higher-grade within gives us a lot of confidence in the potential we have here.”

“Our continued drilling program at El Favor East shows additional positive results. Our program is also focussing on Gran Cabrera in the northerly section of Los Ricos North, and we expect to provide an update on that shortly,” said Brad Langille, President and CEO. “In addition to our drilling, we continue to work on consolidation of additional ground in Los Ricos South and expect to have an update on this in the coming weeks.”

N. Eric Fier, CEO commented, “This marks another significant milestone in progressing towards commercial production in Q4, 2022. It is with great pride that I acknowledge the hard work of our team and thank everyone who has contributed to the completion of construction of Las Chispas, ahead of schedule and under budget, and all of those dedicated to commissioning the Mine”.

Mithril CEO and Managing Director, John Skeet, commented: “Whilst the program of deep holes at El Refugio was technically challenging to complete, we have successfully confirmed the significant depth potential of the major El Refugio upwelling feeder structure.”

Chris Lodder, President of Osisko Development commented, “The addition of this new resource further strengthens our portfolio for near term advancement and towards possible production. Osisko Development has made considerable progress at San Antonio in the past year with the construction of the leach pad, near term processing of the stockpile and completion of a drill program to generate this initial resource. The Company believes there is potential to add to the mineral resource through continued exploration and drilling on the property.”

Capitan’s CEO, Alberto Orozco, stated: “Our understanding of the silver potential at the Cruz de Plata has grown greatly since our drilling started in the Jesus Maria vein last year. We have not only demonstrated the scale potential for that vein by expanding on the main mineralized plunges within it, but have also identified additional structures or veins that hold further potential.”

Chief Executive Officer, Daniel Kunz comments, “We are highly encouraged by the continuing high-grade intercepts of open pit and underground gold-silver mineralization being encountered in our first two formal drill campaigns at Los Reyes. Today’s results further support the significance of the Z-T Structure at the western end of Los Reyes, from Mariposa to Tahonitas, which is now delineated over a strike length of 3 kilometres, a vertical extent of 200 to 300 metres and average thickness of 5 to 30 metres.”

“We are pleased to have expedited the earn-in requirements, signed the JV with Colibri and, with operating permits in place from SEMARNAT, look forward to undertaking our jointly funded trenching and drilling programs on our significant greenfield Au-Ag discovery,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.

“While we were unable to identify any significant mineralization in the area of the Brasiles Zone most proximate to the historical exploration activity, we were very encouraged by our initial results from the Brasiles West Zone,” stated Craig Dalziel, Oroco’s Executive Chairman.