Category: Exploration and Development

Colibri Continues Phase 1 Drilling Program at Flagship Evelyn Gold Project

Ron Goguen, President & CEO of Colibri commented, “We are very pleased to have our team returning to the Evelyn Project and continuing to execute our drill plan. We will also be completing geological mapping in specific areas on the property to support our ongoing property wide interpretation and targeting for Phase 2 drilling. We are now receiving the assay results from the 3,122 metres of Phase 1 completed before the holidays and are compiling the data.”

Canasil Intersects 1.85 Metres with 5.49 g/t Gold and 432 g/t Silver (876 g/t AgEq*) Including 8.83 g/t Gold and 706 g/t Silver (1,411 g/t AgEq*) over 0.60 Metres at the Nora Project, Durango, Mexico

“The results from the second 2021 drill program on the Candy vein at Nora are consistent with previous drill holes with high gold and silver grades from multiple mineralized bands within a wide altered structure. The Candy vein structure remains open for expansion along strike and to depth, and with additional strong widespread geochemical anomalies still to be tested throughout the project area at Nora suggest the potential for a significant gold-silver mineralized system.”

Golden Minerals Drills 1.5m Grading 4.02 g/t Au and 1,473.2 g/t Ag at Yoquivo

“We are pleased with this first set of results from the second phase of drilling at Yoquivo. Hole two demonstrates the potential for the Pertenencia vein to host significant high-grade mineralization, and we’re also excited about hole four which hit multiple high-grade veins suggesting there may be additional blind veins to be found on the property.”

Aztec – Kootenay JV Completes First 14 Holes of Phase 2 Drill Program on the Cervantes Porphyry Gold-Copper Property in Sonora, Mexico

The primary objectives of the 2021 – 2022 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia pipe potential of Purisima East.

Southern Silver Identifies New Discovery on the El Sol Claim with 3.5 Metres averaging 549g/t Ag, 0.3g/t Au, 8.6% Pb and 3.6% Zn (982g/t AgEq); Drilling Resumes

Rob Macdonald, Vice President Exploration, stated: “The identification of a new high-grade zone continues to highlight the enhanced exploration potential surrounding the known mineral deposits at Cerro Las Minitas. Drilling will continue on the property through early 2022, starting with follow-up drilling on the El Sol concession before transitioning back to the North Felsite target, while the company continues work on a Preliminary Economic Assessment of the known Mineral Deposits to be completed Q2-2022.”

Silver Tiger Intersects 3,083.4 g/t AgEq over 0.5 meters within a Broader Interval of 6.6 meters Grading 345.1 g/t AgEq in the Sooy Vein

Silver Tiger’s CEO, Glenn Jessome, stated, “Hole 287 delivered high grade mineralization in the black shale horizon 175 meters north of Discovery Hole 202 and a full 75 meters north of where historic mining ended on the Sooy Vein. Drill intercepts on the Sooy, El Tigre and Seitz Kelley Veins continue to pierce quartz veins in the black shale horizon that hosts high grade silver and gold mineralization. Our understanding of these 2 geological units and how they control high grade mineralization allows our drilling to be more focused and predictive.”

Silver Spruce engages Environmental Report for Drill Permit, updates historical sampling from Diamante Au-Ag Concessions, Sonora, Mexico – Artisanal Workings to 25.69 g/t Au, 1,360 g/t Ag, 18.2% Pb, 33.5% Zn, 1.47% Cu

“Diamante provides our third opportunity to work again with Saul Ruiz and his team at Green and Ceo to advance the permitting process for our maiden drilling program proposed for the property. 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.

Capitan Mining Drills 38.1m of 0.63 G/T AuEq within a Broad Zone of 195.1m of 0.34 G/T AuEq. Makes New Discovery of Jesus María Style Silver Mineralization Beneath Capitan Hill Gold Deposit

“We are very excited about the potential hole 21-CARC-29 has created for the Peñoles Project, as it identified silver-polymetallic mineralization similar to what we’ve seen in the 2013-2014 drill data at the Jesus María Silver deposit. We now believe this style of mineralization has the potential to be expanded underneath the Capitan Hill oxide gold zone.”

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