Two companies presented results during the week from drill programs in Mexico. Heliostar Metals announced additional results from the 16,211 m program intended to expand the mineral reserves at La Colorada, in Sonora. “Mineralization at La Colorada’s Creston Pit is predominantly hosted in three veins: the North, Intermediate and South Veins … These veins trend northeast-southwest to east-west, dip northward and are surrounded by halos of smaller mineralized veins” Opportunities for reserve growth comprise near surface extensions of known veins with little or no drill data and exploring the under-sampled mineralization beneath the pit. A new resource estimation is to be included in a technical report in nmid-2025, which will include an updated mine plan. Drilling is now to test historic stockpiles with the intention “to produce from these low-cost stockpiles to maximize cash flow ahead of primary mining from the open pit pushbacks”. Luca Mining presented results from seven underground holes of the ongoing first exploration drilling program at Campo Morado in over ten years. Campo Morado hosts a large cluster of volcanogenic massive sulphide deposits containing Au-Ag-Zn-Cu-Pb mineralization within a prospective land package over 121 square km within the Sierra Madre del Sur mineral belt, in Guerrero. The objective of this underground exploration drilling campaign is to test under-drilled areas close to active mine workings with the aim of adding resources that can impact mine planning. A 2,500 m surface diamond drilling exploration program is planned on definition and expansion of the Reforma and El Rey deposits. Thirty-eight priority targets have been identified and ranked on coinciding geological, geochemical and geophysical anomalies, many of which have not been drill tested yet.
