Mexico’s Best Drilling Intercepts, Third Week of January 2024

Four companies filed drilling results from projects in Mexico during the week. Orla Mining released results from its Camino Rojo Oxide project, where they were able to confirm gold grades on the Layback area of expansion of the pit into the Fresnillo plc property and on structures controlling deeper oxidation beyond the currently designed pit floor. Camino Rojo is a complex mineralization system with skarn, replacement and intermediate sulfidation epithermal phases. Aztec Minerals informed on reverse circulation drilling results at its Cervantes project in Sonora, where they are focused on expanding the known area of oxide gold mineralization related to a porphyry copper  system on the California target.

Defiance Silver provided drilling results from the San Acacio project in Zacatecas. The company is testing shallow areas not previously targeted because were assumed to have been completely mined, which has proved not to be the case, and benefiting of wide intervals of mineralized backfill on old stopes with gold, silver and base metals grades. Impact Silver released the first drilling results on the Plomosas mine in Chihuahua since its acquisition from Consolidated Zinc. Good zinc and lead grades in this carbonate replacement system were intersected on the Juarez limestone horizon, a favorable bed within the deposit, near mining workings.

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