Mexico’s Best Drilling Intercepts, Fourth Week of January 2023

Only two companies working in Mexico released drilling results on the fourth week of January, both displaying really good intercepts. GoGold Resources announced the best drill results to come from its Los Ricos South project in Jalisco, with 55.00 m averaging 7.80 gpt Au, 2,153 gpt Ag, or 2,738 gpt AgEq (including 2.0 m @ 145 gpt Au, 52,764 gpt Ag – that’s 5.3% Ag!). This drill hole is in the 1,107 hectares Eagle concession, representing the northern extension to the mineral resource estimate described on the project’s PEA. The epithermal mineralization in the area straddles characteristics between low to intermediate sulfidation systems.

Silver Tiger Metals released drilling results from its El Tigre project in Sonora. The historic workings focused on intermediate sulfidation epithermal veins, but the more recent drilling has defined mineralized bodies in stockwork, a black shale with precious metal values and, on this last release, on a “Sulfide zone” carrying high silver, copper, lead and zinc over tens of meters of core length intervals. The best reported interval on this week’s disclosure is 44.40 m @ 508 gpt Ag, 0.16 gpt Au, 0.55% Cu, 1.76% Pb, 3.17% Zn, or 720 gpt AgEq.  

Endeavour Silver Announces Filing of NI 43-101 Technical Reports for Guanacevi and Bolañitos Mines

VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) — Endeavour Silver Corp. (“Endeavour” or the “Company”) (TSX: EDR, NYSE: EXK) announces today it has filed technical reports (the “ Technical Reports ”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Guanajuato Silver Produces Record 836,375 AgEq Ounces in Q4

VANCOUVER, BC / ACCESSWIRE / January 26, 2023 / Guanajuato Silver Company Ltd. (the “Company” or “GSilver“) (TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce consolidated production results for the three months ended December 31, 2022. Production results are from the Company’s wholly owned El Cubo Mines Complex (“El Cubo“), Valenciana Mines Complex (VMC), and San Ignacio Mine (“San Ignacio“) in Guanajuato, Mexico, and the Topia Mine (“Topia“) in Durango, Mexico.

Santacruz Silver Reports 2022 Full-Year Record Production of 15,010,871 Silver Equivalent Ounces

Vancouver, British Columbia–(Newsfile Corp. – January 26, 2023) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (“Santacruz” or “the Company”) reports full-year 2022 production of 15,010,871 silver equivalent ounces from its Bolivar Silver/Zinc Mine, the Porco Silver/Zinc Mine, the Caballo Blanco Silver/Zinc Group of Mines and the San Lucas Trading company (“the Bolivian Operations”) and the Zimapan Mine in Mexico (“the Mexican Operations”).

TARACHI GOLD ANNOUNCES SALE OF MAGISTRAL PROJECT

Vancouver, British Columbia (January 26, 2023) – Tarachi Gold Corp. (CSE: TRG) (OTCQB: TRGGF) (Frankfurt: 4RZ) (“Tarachi” or the “Company”) is pleased to announce that it has signed a binding letter agreement (the “Letter Agreement”) with Compañia Minera de Atocha S.A. de C.V. (“Atocha”), a private Mexican mining company with producing mines in the states of Durango and Zacatecas, for the sale of the Company’s Magistral Project in Durango, Mexico (the “Magistral Project”). The Company will also be cancelling its private placement, previously announced on December 14, 2022.

Fortuna provides update on San Jose’s Environmental Impact Authorization

Vancouver, January 25, 2023: Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report that the Mexican Federal Administrative Court (the “Court”) has granted a provisional injunction to Compañia Minera Cuzcatlan (“Minera Cuzcatlan”), Fortuna’s Mexican subsidiary, which allows the San Jose Mine to continue to operate under the terms of the 12-year environmental impact authorization (“EIA”).

SILVER TIGER DISCOVERS NEW WIDE HIGH GRADE SULPHIDE ZONE INTERSECTING 6.0 METERS OF 2,025.5 g/t SILVER EQUIVALENT WITHIN 44.4 METERS OF 720.5 g/t SILVER EQUIVALENT

HALIFAX, NOVA SCOTIA – January 25, 2023 – Silver Tiger Metals Inc. (TSXV:SLVR and OTCQX:SLVTF) (“Silver Tiger” or the “Corporation”) has intersected 2,025.5 g/t total silver equivalent over 6.0 meters in the Sulphide Zone in Drill Hole ET-22-433 from 364.5 meters to 370.5 meters, consisting of 1,354.4 g/t silver, 0.20 g/t gold, 1.57% copper, 6.10% lead and 10.86% zinc within 44.4 meters grading 720.5 g/t total silver equivalent from 330.5 meters to 374.9 meters consisting of 508.2 g/t silver, 0.16 g/t gold, 0.55% copper, 1.76% lead and 3.17% zinc in the newly discovered Sulphide Zone.

MAG Silver Reports Fourth Quarter Production From Juanicipio

VANCOUVER, British Columbia, Jan. 25, 2023 — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) ending December 31, 2022 and full year 2022. As reported to MAG by the project operator Fresnillo, 165,786 tonnes of mineralized material from both underground development and initial stopes were processed during the three months ended December 31, 2022 at an average silver head grade of 415 grams per tonne (“g/t”). For the year ended December 31, 2022, a total of 646,148 tonnes of mineralized material were processed at an average silver head grade of 520 g/t.

FRESNILLO PLC. FOURTH QUARTER PRODUCTION REPORT

FOR THE THREE MONTHS ENDED 31 DECEMBER 2022

Octavio Alvídrez, Chief Executive Officer, said:

“Fresnillo reports a solid operating result in the fourth quarter, with full year production in line with our guidance. In particular silver output was driven by a strong performance from our Fresnillo mine which is showing consistent improvement and the continued contribution of our new Juanicipio project offsetting the expected lower grades at San Julián. During the year we have worked hard to minimise the impact of a very tight labour market and to mitigate the impact of the labour reform in Mexico. Our recruitment and training campaigns are now complete and the mines are well staffed for 2023. A key highlight in the fourth quarter was the successful tie-in to the national electricity grid of our new Juanicipio mine. Commissioning is ongoing and we expect a gradual ramp up in the coming months. We very much look forward to seeing this major new project deliver on its potential, making a sizeable addition to our overall production for many years to come.”