- Drilling at Cerro Negro returned positive results. Further encouraging results have been returned from Silica Cap and the Bajo Negro hanging wall, supporting continued drilling on these two targets. Results include: 20.80g/t Au over 5.01m (Bajo Negro hanging wall, BDD-17006) and 4.75g/t Au over 5.16m (Silica Cap, SCDD-17003).
- Drilling at the Coffee project commenced. The field season commenced in March and a total of 7,317m of reverse circulation drilling was completed at Supremo T8-T9 and Arabica during the month.
- Generative study work at Peñasquito yielded 13 new targets for follow-up testing. The initial study work covered a 50km by 30km block centered over the Peñasquito and Concepción del Oro districts; the targets will be assessed for geological and economic potential.
- Continued exploration progress in the Timmins Camp. Additional targets have been identified and as part of the pre-feasibility study at the Century Project, drilling has commenced with the aim of converting mineral resources to mineral reserves through tighter drill spacing.
“During the quarter we continued to focus our efforts on reserve replacement and populating the resource triangle with new targets,” said Paul Harbidge, Senior Vice-President, Exploration. “I am encouraged with the positive results that we are seeing from our portfolio of projects as well as the generative studies which are laying the foundation for future exploration success. We are well positioned to meet our targeted 20% increase in reserves over the next five years.”