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Be the first with the news that moves the market- Prime Mining Corp. (PRYM) gave an update on work at its Los Reyes Gold and Silver Project in Mexico
- The company completed 110,000 metres of drilling at Los Reyes in 2021 and 2022. This drilling is expected to contribute to an updated NI 43-101 compliant Mineral Resource Estimate
- For 2023, an initial 35,000 metres are currently budgeted, with drilling split between step-out along the three known deposits (Guadalupe, Z-T, and Central) along with generative exploration drilling at key targets
- Prime Mining Corp. (PRYM) was up 0.54 per cent, trading at C$1.85 per share as of 4 pm ET
Prime Mining Corp. (PRYM) provided an update on work at its Los Reyes Gold and Silver Project in Mexico.
The company completed 110,000 metres of drilling at Los Reyes in 2021 and 2022. This drilling is expected to contribute to an updated NI 43-101 compliant Mineral Resource Estimate.
As part of its Phase 3 program, generative drilling will focus on potential new resource areas. Initial targets have been identified by surface mapping and sampling, remote-sensing analysis and, in some cases, prior drilling.
For 2023, an initial 35,000 metres are currently budgeted, with drilling split between step-out along the three known deposits (Guadalupe, Z-T, and Central) along with generative exploration drilling at key targets.
Numerous exploration targets remain on the wider Los Reyes project.
Prime Mining CEO, Daniel Kunz, said 2023 has already been a big year for the company, with the upcoming mineral resource estimate and a planned initial 35,000-metre drilling program.
“The 2023 drill plan comes from our expanding geologic knowledge gained from past drilling. It is balanced between continuing our success of 2022 in extending the known resources at the Guadalupe, Z-T and Central deposit areas, proving-up potential nearby targets, and drill testing newly identified mineralized structures and trends on the 6,273-hectare Los Reyes property. As we did in 2022, we will continue to manage 2023 using a success-based approach.”
An update on 2022 progress is expected later this month, followed by the updated resource report in Q2 2023.
Prime Mining Corp is focused on the exploration and development of mineral resource properties, primarily targeting high-value and specialty metals. The company’s projects include Los Reyes and Magenta.
Los Reyes is a rapidly evolving high-grade, low-sulphidation epithermal gold-silver project located in Sinaloa State, Mexico.
Prime Mining Corp. (PRYM) was up 0.54 per cent, trading at C$1.85 per share as of 4 pm ET.
