Four companies released drilling results from five properties in Mexico during the week. The four companies included silver assays, but by far Pan American Silver’s results from La Colorada Skarn in Zacatecas are the most impressive due to the longitude of the intercepts, measured in the hundred of meters, and relevant lead-zinc content. La Colorada Skarn was discovered in 2018 adjacent to the La Colorada polymetallic mine in Zacatecas, extending from 900 to 1,800 m below the surface and comprised by the 901 Main Zone, 902 West Zone and 903 East Zone ore bodies. Recent drilling has focused on definition of the 902 skarn zone, confirming wide zones of high-grade silver on a 40 m spaced grid over 250 m of strike length and extending mineralization 100 m to the northwest. At La Colorada mine, drilling focused on the NC2, Veta 3, Recompensa, Amolillo veins and splays intercepted polymetallic intermediate suldifation epithermal mineralization is in veins. Further drilling is to target extensions to these veins.

Silver Storm presented results from La Parrilla past producing mine, intercepting polymetallic mineralization in intermediate sulfidation epithermal veins tens of meters below the lower levels of La Quebradilla mine. At Columba, in Chihuahua, Kootenay Silver released assays from a drilling program focused on extending known intermediate sulfidation epithermal mineralization on the “D Vein” target area. Finally, Prismo Metals disclosed the results from drilling Las Auras and the Southeast Santa Cruz structure at its Los Pavitos project in southern Sonora. Mineralization at Los Pavitos “is believed to have potential for both the typical epithermal veins of the Alamos district and “orogenic” or shear-hosted gold hosted in the highly metamorphosed basement rocks …. below the region’s extensive blanket of mid-Tertiary volcanic rocks.”