Category: Exploration and Development

Jim McDonald, CEO & President, states “Congratulations to our team for the outstanding geologic work leading to an exciting new area with high-grade silver potential. This extension to the Columba veining occurs under the surface of an area which appears to be barren and adds to the numerous other high-grade zones and potential identified to date.”

President and CEO, Michael Konnert stated: “Following a steady decline in active case counts in the area surrounding the project and a thorough review of current state and federal government data, the Company has decided to resume exploration activities earlier than previously stated. We are very excited to return to our fully funded, +100,000 metre drill program that will ultimately serve as the foundation for our maiden project resource in the first quarter of 2022.”

Taj Singh, President and CEO, states: “The results from our first drill program at Cordero, including further exceptional results in this release, have exceeded our expectations. We have not only confirmed the size and scaleability of Cordero, but also highlighted the excellent margin potential of the Project too.”

“We continue to see strong results from the El Orito zone, and similar to Casados and La Trini we are approaching data cut off for the calculation of the initial resource at the El Orito zone,” said Brad Langille, President and CEO. “We continue drilling at El Favor east, Mololoa and El Nayar, which we believe will greatly strengthen the initial resource to be published in Los Ricos North.”

Greg Bronson, P.Geo., President of Benjamin Hill Mining Corp. states: “The work completed to date has revealed the extensive nature of mineralization on the property. Results of our exploration program reinforces our model of an epithermal copper-gold endowed system that could extend into a Cu-Au porphyry system at depth. Our systematic approach for exploring the property has paid off and the positive results we have received bode very well for the next phase of exploration which is diamond drilling. With drill ready targets in hand, BHM geologists are preparing to return to the field and kick off the inaugural drill program on this never drilled before property.”

“The publication of the initial resource estimates at the Plomosas Project is the result of a systematic collection of geological information, data review and analysis in a 3D model. This has also allowed for multiple discoveries of high-grade silver and gold mineralization outside of the main mineralized body and has encouraged the Company to continue drilling on multiple targets outside of the resource area.”

Mr. Hawley continues: “From hitting a lower feeder 75 meters to the east and now hitting a sheeted vein structure with a true width of 150 meters certainly says something about the robust multi-phase plumbing system that is the driver of the Santa Maria mineralization.”

Aloro Mining Corp. is pleased to announce that Alamos Gold Inc. has informed Aloro that after a short break and evaluation it has resumed its reconnaissance drill exploration program on the Los Venados claims, Mulatos District, Sonora Mexico.

Sonoro’s President and CEO, Kenneth MacLeod, stated, “We are pleased that the average recovery rate obtained from these definitive tests exceeds the projected 72% recovery rate used in the Company’s July 26, 2019, NI 43-101 Technical Report which provided the project’s maiden mineral resource estimate. We’re also pleased that the tests demonstrate similar positive metallurgical recoveries across the entire resource area.”

Pan American Silver Corp., the project operator, plans a minimum 3500m diamond core drilling with a second rig to be deployed to test the El Cuervo target in the coming weeks. The current drill program will be fully funded by Pan American pursuant to its option to earn an interest in the Amalia Project.