Category: Exploration and Development

John Skeet, Mithril’s Managing Director and CEO commented: “With the exceptional dill results combined with our recent LiDAR survey, district access road upgrade works and development of the district geologic model, Copalquin continues to progress as another significant gold-silver district in Mexico’s prolific Sierra Madre Trend.”

The Plata Verde drill program comprised 13 holes for a total of 2400m of diamond core drilling. The drill holes cut several zones of low-grade silver mineralization, but unfortunately did not intersect zones of significant silver mineralization. Due to the limited economic potential, Minera San Julian has withdrawn from the partnership and Radius is in the process of returning the property to the underlying owners.

“Our resource drilling program has started off with significant high-grade silver results showcasing the mineral continuity of our 1 km-long high-grade Promontorio vein zone,” stated Darrell Rader, President and CEO of Minaurum Gold.

Heliostar CEO, Charles Funk, commented, “We are confident that Ana Paula can continue to grow beyond our 2023 resource update. The Company aims to expand the resource this year and next, ahead of a Feasibility Study that the Company is planning to complete in late 2025.”

“We are pleased with how quickly our area of interest is expanding and the added confidence we are gaining with each progression of Gran Pilar” commented Brodie Sutherland, CEO.

“We announced the agreement with Fortuna Mining in March and have spent the past six months incorporating the results from a recent airborne magnetic survey and extensive geochemistry and mapping into our past project databases and have designed an initial drill program to test three of the highly prospective targets for the project.”

Tim Warman, Fuerte’s CEO, commented: “We’ve now completed 20 holes in the Guadalupe vein as part of the current program, and have successfully defined at least three high-grade zones that appear amenable to underground mining, with these zones remaining open at depth. Drilling will now shift to the Los Ingleses vein system in the northeast part of the property (Figures 1 and 9), where some of the highest-grade surface samples have been found.”

Jody Kuzenko, President & CEO of Torex, stated: “The results of the internal pre-feasibility study on the EPO deposit significantly enhance our strategy to deliver robust, long-term, value accretive production out of the Morelos Complex in a highly efficient way by leveraging infrastructure associated with the Media Luna Project. With the addition of EPO into the updated mine plan, we have further bolstered the cash flow capability of our world-class asset, with continued upside as the prospectivity of the Morelos Property continues to show itself through the drill bit.”

Chief Operating Officer, Greg Liller commented, “I am very pleased with the operating results to date. The Guitarra team is doing an excellent job of moving operations towards a sustained production rate of 350 tonnes per day, our next test production goal. Upon achieving 350 tonnes per day the team has an orderly plan in place to move towards 410 tonnes per day, then to the commercial mining and processing rate of 500 tonnes per day before year end”.

“Our PDA development plan to be released later today is expected to outline another attractive, high-return project that will nearly triple the current mine life of the Mulatos District. The development plan will be based on PDA’s current Mineral Reserve of one million ounces which had more than doubled over the previous two years. Our continued exploration success at PDA in 2024 highlights the significant upside potential to the project through further growth in higher-grade Mineral Reserves and Resources,” said John A. McCluskey, President and Chief Executive Officer.