Category: Exploration and Development

GR Silver Mining President and CEO, Marcio Fonseca commented “The release of results from the IP and magnetic survey has already provided valuable information for the current underground drill program aimed at expanding the San Marcial resource. Together with the new district-scale geologic surface mapping and sampling campaigns, and a better understanding of the structural control of faults and mineralized structures, the new geophysical data provides new targets to build our project pipeline within the Plomosas Project.”

Tarachi CEO, Cameron Tymstra, commented: “We are incredibly pleased with the results of our tailings drilling program at Magistral. While delays at the assay labs held up this data for several months, these results confirm the historic gold grade estimates for the basin and contribute to the de-risking of the Magistral project.”

Radius Gold Inc. is pleased to report final results from Holly drill holes HDD-21-017 through HDD-21-020 following receipt of the overlimit assays, and that the drill is again turning at Holly. Drilling at Radius’s nearby Banderas project will start during the month of October.

Drilling from underground continues to define and expand known mineralization ahead of production at the 623 and NE-1S mantos. Drilling at Platosa will continue to target areas ahead of production and test the extent of mineralization around mine workings.

“In parallel with the construction and ongoing ramp up of operations at the Santana gold mine, we have continued our exploration activities throughout this highly prospective area. The current drilling, although designed for pit optimization work, continues to provide positive surprises, especially at depth, as we test the outer boundaries of known mineralized zones.”

Silver Viper’s President and CEO Steve Cope states, “Recent drilling at El Rubi has continued to expand knowledge along the main mineralized trend. In the deeper holes we are seeing continuations of mineralized structures hosted by the rhyolitic tuff unit which underlies the main andesitic host rock.”

Defiance Silver Corp. is pleased to announce that it will be commencing a drill campaign on the regional exploration targets at Lucita on the company’s Zacatecas project. Drilling is scheduled to commence on or around October 10th and will initially be focused at Lucita South, which includes the Palenque, El Puerto, and the Tahuares vein structures.

Taj Singh, President and CEO, states: “Highlight intercepts from this release are from both the North and South Corridors and demonstrate the potential to expand the higher-grade resource as we tighten up the drill spacing across the deposit through our Phase 2 drill program.”

It now is the belief, that the mineralized diorite dike being encountered in present drilling or re-logged in past historical drilling is the direct cause of the hydrothermal gold domain system and increases with mineralization at depth. The emplacement of the dike caused breccias and sheeted veins to the sides of the walls over considerable widths.

Sr. Sergio A. Trelles, Special Advisor, states: “We see strong economic potential in the ​​Sonora Copper area, based on the observed precious and base metal enrichment seen along the outcropping mineralized structures. The positive results are encouraging us to go on with exploration and evaluation activities”.