Hole SM20-48 was not only successful in the infill drilling of a drill poor area, but also followed the vertical down plunge of the Santa Maria structure by -175 meters from hole SM20-47 which intercepted 13.10 meters of silver mineralization.
“The results from Phase 2 of the drill campaign are highly encouraging as we have intersected some significant widths with mineralization on the Brecha de Bajo vein which are in close proximity to our current underground workings at ET. In the process of testing this vein, we discovered a new vein splay which appears to be mineralized, and has been named the Bart vein, after the geologist at site who discovered it.”
“The geological team is fascinated by the property. We have multiple styles of gold mineralization in the same host rocks as major deposits on the trend. The initial high-grade samples and high percentage of positive results is a great sign the team is unlocking the geological puzzle. We now have the drill permits and are really excited to start drilling at Big Pit and Pique Viejo in February.”said Michael Wood, CEO of Reyna Gold
Golden Tag Resources Ltd. is pleased to announce that diamond drilling is set to recommence on the Company’s 100% owned San Diego Project, located in Durango Mexico. After pausing briefly at year-end, Major Drilling has commenced mobilization to site and is expected to restart drilling within the next few days.
James Anderson, Chairman and CEO, said, “It is GSilver’s intention to use the approximately 20,000 tonne per month of excess capacity at the El Cubo mill to profitably process mineralized material from various potential sources in the Guanajuato area. Whether the business arrangement is designed as toll milling, raw material purchasing, or profit sharing, if it serves to contribute to our bottom line and helps to expand our presence in the 480-year-old mining camp of Guanajuato, then we will pursue it.”
Riverside’s President and CEO, John-Mark Staude: “Our surface sampling results continue to return tremendous gold, silver and zinc grades at La Union. We recently expanded the property package here to more than 26 km2 and our ongoing field work is expected to include a geophysical survey and additional mapping and sampling while we advance permitting in tandem with preparation for a maiden drill program in 2022.”
Hole SM20-47 was not only successful in determining the exact location of the mineralized Santa Maria footwall structure but more importantly filled in the resource gap with a 13.10 meter mineralized intercept which will help build out the ounce category in this area.
“The results of our preliminary airborne magnetic data provide some strong clues about the structural setting and underlying ‘plumbing system’ of the HP Breccia gold zone. Together with the regional government magnetics, we see evidence for a deeper intrusive body that could be linked to the hydrothermal fluids and related potential for epithermal vein systems that are the target of Southern Empire’s upcoming drill campaign.”
“We are very pleased to commence drilling and to apply modern geological science to the rich history of this very prospective target area.” Our staged approach to drilling has been proven effective by other programs in the region and is the preferred strategy for advancing the project.”
“We are pleased to be working again with Saul Ruiz and his team at Green and Ceo to advance the permitting process for our maiden program of trenching and drilling proposed for Jackie. The original environmental application for our El Mezquite property attested to their high-quality technical reporting skills and expertise,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.
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