Category: Exploration and Development

Matthew O’Kane, Managing Director of Comet Resources, commented “It’s been another busy quarter for the Company, with drilling works at Santa Teresa, graphite test work ongoing at Springdale and further M&A activities bringing in the new NT assets, and the potential acquisition of a complimentary gold project in Mexico. We will be focussing our efforts for the next quarter on continued drilling in Mexico and the graphite test work in Germany, as well as completion of the due diligence process on La Sorpresa III. We look forward to sharing the results from our exploration and metallurgical test work programs as soon as they are available.”

To effectively follow up on the successes from the current program, and to determine the full extent of the geologic endowment at the San Diego Project, additional drill pads are required. The permitting process has commenced for an additional 44 drill pads, which will increase the total to 58 pads.

“We’re pleased to see strong results such as hole LRGF-21-052 in our new El Favor East zone discovery and are excited to see the results of more holes farther east which are pending assays and look very promising,” said Brad Langille, President and CEO. “We believe extending the strike length at the eastern end of El Favor at these grades will contribute greatly to the upcoming resource.”

Vizsla President and CEO, Michael Konnert, commented: “Panuco is a much larger district beyond the current areas of resource drilling and this new discovery within the Cordon del Oro corridor emphasizes the exploration upside potential of the Project. Cordon del Oro had never been drilled prior to Vizsla’s consolidation of the district and represents an excellent near-surface target within proximity to other mineralized structures. The Company currently has ten rigs on site: six completing resource drilling at Napoleon and Tajitos and four focused on exploration including the recent Josephine EM discovery and this new zone.”

Exploration work in the Copalquin Gold-Silver District has continued to develop and expand the El Refugio discovery with multiple bonanza grade intercepts drilled, extension of the mineralised zone along strike and down-dip and expansive soil sampling program.

J. Duane Poliquin, Chairman of Almaden, stated, “The original Ixtaca discovery was made through clever geologic assembly of published information and on-the-ground observation of field data. This has resulted in the discovery of an economic gold-silver deposit as outlined in the Feasibility Study, with evidence (geologic, geochemical, geophysical) for the possibility of a similar deposit, as well as the possibility of deeper precious/base metal deposit(s). It is very exciting to return to prospect drilling of some of the blue sky targets that have been identified on this property.”

“Drilling along the 4-Trench extension target has defined a new trend over a 500m strike length immediately adjacent to our Main Zone”, commented VP Exploration, Brodie Sutherland. “We are seeing mineralization in every hole along the trend with grades above 1 g/t gold in holes JES-21-53 and JES-21-44, 100m apart. This first pass of drilling has started to unlock the potential of a new parallel trend to our Main Zone which we are excited to test in our next phase of drilling.”

Robert Cameron, President and CEO states: “Commander is pleased to welcome Southern Empire as a project partner on our Pedro Gold project. Our work since acquisition in 2016 has refined drill ready targets in this large epithermal-style gold target and through this agreement will see them drill tested. Furthermore, David Tupper, VPX for Southern Empire was the initial discoverer of Pedro and brings a wealth of knowledge and local experience to the project.”

David Tupper, Southern Empire’s Vice President of Exploration, stated: “Having been involved in the Pedro Gold Project discovery, I am very excited to get a second chance to work with Commander’s Rob Cameron and to return to the mineral-endowed Mapimí area to test targets I had to leave behind. Newmont’s 2014 drill program targeted Carlin-style mineralization in the Caracol Formation and did not test the potential for epithermal, bonanza-grade gold and silver mineralization, especially in the well-defined zones of silicification and brecciation.”

Mexus Gold US announced that mining continues of the Vein 2 area at its mine located in Caborca, MX with impressing geologic findings including increasing metallic content at only 10 meters of depth. Surface values are from 0.3 g/ t gold and new values ranging from 4 to 12 g/t gold and increased silver from 3 g/t to 100 g/t silver.