“Based on representative samples from Copala, the largest known structure in the Panuco district, we are pleased to report very high silver and gold recoveries,” commented Michael Konnert, President & CEO of Vizsla Silver. “This is a significant de-risking milestone for the Project and provides positive implications for the ongoing development of the Panuco district.”
Paddy Nicol, CEO of Orogen, commented: “Our royalty portfolio consists of 24 projects including the producing Ermitaño mine operated by First Majestic and a potential district scale discovery at the Silicon-Merlin project operated by AngloGold Ashanti. At the Ermitaño mine, a 27% increase in production is forecast for the second half of this year while recent drilling displays the potential for reserve replacement.”
Colibri Resource Corporation is pleased to report that it has received permission from the Mexican environmental authority (SEMARNAT) to drill up to 2,000 metres on the Evelyn Property at the EP Gold Project on targets in the Main Zone and West El Sahuaro areas.
Dr. Jamil Sader, CEO and Director comments: “Core samples at the Jemi REE project demonstrates that eudialyte minerals, which host most of the rare earths, extend into the subsurface peralkaline dyke and sills. It is encouraging to see that the intrusive bodies intersected during drilling are significantly larger than their surface expressions.”
Silver Tiger’s CEO, Glenn Jessome, stated, “With further targeted drilling, the team has extended the high-grade Ag-Au-Cu-Zn-Pb Sulphide Zone 125 meters to the North and 375 meters to the South. These new drilling results have successfully tripled the known strike length of the Sulphide Zone, bringing the originally indicated 250 meters of strike extent to more than 750 meters.”
Oroco Resource Corp. is pleased to announce that it has closed a fully subscribed non-brokered private placement raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.
Gregory K. Liller, Executive Chairman and Chief Operating Officer commented, “The drilling program at Tepic continues to deliver strong drill intercepts. The Veta Tomas vein continues to be extended and I am especially pleased with the Taunas holes. These are the first 2 holes on a previously unrecognized target and are located approximately 2km north east of the historic resource area.”
Tony Makuch, CEO, states: “We have made excellent progress on our Feasibility Study (FS) during Q2 2023 and subsequent to quarter end. The reserve expansion and definition program component of our FS drill program is now complete with results demonstrating the potential to expand reserves at Cordero at what is already one of the world’s largest undeveloped silver reserves of 266 million ounces.”
Greg McKenzie, President & CEO of Golden Tag, said, “Today is an exciting day for Golden Tag as we acquire the past producing La Parrilla Silver Mine Complex. We now have two very high-quality silver projects located in close proximity to each other within Durango State. The La Parrilla processing plant has the capability to support both projects. We would like to welcome our new team members in Mexico, and First Majestic as our newest and largest shareholder.”
Golden Tag President & CEO, Greg McKenzie commented, “Our inaugural Mineral Resource Estimate at La Parrilla is a major milestone for the Company. All Mineral Resources reported today are in close proximity to existing underground development and related infrastructure necessary to support eventual potential extraction. La Parrilla remains a high-quality silver mine where FMS has produced 34.3 million silver-equivalent ounces between 2005 and 2019, when the Complex was placed on care and maintenance because silver prices averaged approximately US$16/oz, in addition to low commodity prices for lead and zinc.”
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