Fabled Silver Gold Corp. announces the results of surface diamond drilling from the upgraded 14,400 -meter drill program on the “Santa Maria” Property in Parral, Mexico.
“As we approach the release of the initial Mineral Resource Estimate at Los Ricos North, we have initiated metallurgical testing for the identified deposits. We are very pleased to report that the initial non-optimized metallurgical results show the cyanide leachability of the Casados, El Favor, and La Trini deposits,” said Brad Langille, President and CEO.
Radius has received results from 13 of 14 drill holes at the California target (totalling 3814m), with new results for drillholes AMDD21-042, 043, 044. Every hole in this first round at California has cut the multiphase mineralized structure, defining a large silver gold mineralized system.
This program will be comprised of approximately 14 reverse circulation drill holes, totalling 2,700 metres, and will test the El Cobre high-grade copper property down-dip underneath the historical workings which run along a known strike-length of 200 metres, and will also investigate potential extensions.
Hole SM20-40 was successful and continues to add to the mineral inventory as the down plunge of the gold domain system discovered in holes SM20 – 20, 22 remains open at depth. Hole SM20-41 will further explore the downdip potential of this zone. Further drilling may be required in this area.
Ridgestone Mining Inc. is pleased to announce it has received all of the requisite permits for a maiden drill program on the El Cobre copper target at it’s wholly-owned Rebeico copper-gold project in Sonora, Mexico.
Capitan Mining Inc. is pleased to report results for five reverse-circulation drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.
Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company’s new 28-person Brasiles exploration camp and its custom-built Hydracore 5000 Max diamond drill.
“With these final drill holes, we’ve reached the data cut-off for our initial Los Ricos North mineral resource estimate, which we expect to release shortly. While the data cut-off for the resources has been hit, the drills continue to progress on the next 100,000 metres which is budgeted for the Los Ricos district through 2022,” said Brad Langille, President and CEO.
Rockland’s CEO, Mike England stated “The Elektra Lithium Project acquisition represents a decisive move into the battery metal sector for Rockland, in addition to our gold exploration projects. With global lithium demand expected to quadruple by 2025, and with claystone lithium deposits recognized as a significant near-term lithium production source, the acquisition of the Elektra Project is a rare opportunity.”
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