Category: Exploration and Development

Tarachi CEO, Cameron Tymstra, commented: “The latest leaching results for Magistral strongly indicate our processing plant’s ability to leach and recover a significant portion of the contained value in the tailings material with minimal effort. We have always looked at Magistral as not just a means to generate significant cash flow for Tarachi, but to do so with one of the smallest carbon footprints per ounce of gold in the industry.”

“Strong drill results continue to demonstrate significant exploration upside at several of our mines and key pipeline projects. The 2021 exploration program is the most ambitious in Agnico Eagle’s 64-year history, as we investigate the full potential of existing operations and key projects in the Company’s pipeline,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

“Engaging MGA as Tahuehueto’s underground mining contractor is another milestone and brings our company closer to start production at Tahuehueto.”

The results from the drilling program are now being incorporated into the resource modelling for the Project to determine if a new Mineral Resource estimate is required.

Initial drilling will focus on the Noria portion of the La Joya property, where relogging and resampling of select historical drill core has been ongoing along with a targeted surface sampling and mapping program to refine drill collar locations. Drill hole collar locations have been selected, drill pad construction is in progress, and drilling is expected to commence shortly.

“We are very pleased that our broadly-spaced systematic drilling program appears to have led us to the threshold of the source of this important historic district. Our main goal for Phase 1 was to locate high-grade mineralization associated with the right style of intrusion, and it turns out we have discovered not only the largest intrusive ever found in the district, but it’s the first mineralized skarn ever seen in Guigui.” stated Jorge Ramiro Monroy, Reyna Silver’s CEO.

“Our geophysics in El Favor East shows a significant anomaly which at this point is correlating visually with the mineralization in our drill holes. We’re awaiting the assays as they could significantly impact our upcoming initial resource estimate at Los Ricos North,” said Brad Langille, President and CEO.

Mithril Resources Ltd is pleased to provide a quarterly update on activities at its Copalquin Gold Silver Project in Mexico for the period ending 30 September 2021.

“Drilling at Platosa continues to define and extend high-grade mineralization ahead of production,” stated Jorge Ortega, Vice President Exploration.

Pierre Beaudoin, COO, remarked, “Our team and contractors, fueled by their success to date, continue to make steady progress in safely advancing the construction of the Las Chispas Project. As the Project passes its halfway mark of the construction timeline and capital spend, construction will get into its peak period, and we are increasing our focus on the operational readiness plan in preparation for plant commissioning (expected in Q2, 2022) and production ramp-up through H2, 2022.”