Category: Exploration and Development

Chris Wright, Chairman & CEO, commented, “The recent drill results from Lucita are the first known drill holes into the central Lucita project area and demonstrate the significant exploration potential in the Zacatecas mining district. For a first-pass exploration program, vein-hosted results grading over 3 kilograms per tonne silver highlight the need for continued exploration to define the true potential of the system.”

Dr. Chris Wilson, Chief Operating Officer and a Director of Zacatecas comments, “Our acquisition of the Esperanza Gold Project is a tremendous step in moving Zacatecas towards becoming a serious precious metals producer. The Esperanza Gold Project represents one of the best undeveloped open pit deposits in Mexico and will complement our high-grade silver resource Zacatecas Properties, where the recent high grade discovery at Panuco North has added a compelling new component to our ongoing exploration.”

“The first down dip holes on the El Tigre Vein at the historic mine are delivering high grade silver intercepts within a broad mineralized zone. These first holes are shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from surface.”

“Multiple mineralization centers showing different styles of mineralization are hallmarks of important precious-metals districts, so finding high-grade gold in addition to the historic high-grade silver is a very positive reason to take a new look at our district-scale vision,” said Dr. Peter Megaw, Chief Exploration Advisor to Reyna Silver.

“We are thrilled to be able to advance another Avino asset in the Oxide Tailings Deposit,” said David Wolfin, President and CEO. “The timing is certainly serendipitous with Avino’s conversion to dry stack tailings being in sight, and the move to decommission its tailings facility nearing completion.”

“With Hole 28, we were excited to discover strongly mineralized skarn and are delighted that our aggressive Phase 2 step-outs expanded the skarn footprint so dramatically.”

“The success of our first ever drill program at Maíz Azul has confirmed a significant gold discovery at the highly prospective Santa Daniela project. Our team is working tirelessly to prepare our Phase II drill program which will build upon the exploration success that we have had thus far.”

Azucar Minerals Ltd. is pleased to announce that it has commenced drilling the large lithocap target discussed in its press release of March 10, 2022.

GR Silver Mining Chairman and CEO, Eric Zaunscherb commented “The combination of contemporary and extensive historical data has allowed GR Silver’s geologists to formulate a modern exploration model focused on high-grade silver and gold mineralization. These results continue to encourage us to explore San Marcial at depth and to the SE.”

“We are fully funded for Phase 2 drilling and excited to commence follow up on the new gold discovery,” said Mike Romanik, president of Silver Dollar. “We are expecting the balance of the Phase 1 drill results shortly and will tailor and expand the program as additional targets become more clearly defined.”