Prime Mining Corp. (TSX: PRYM | OTCQX: PRMNF | Frankfurt: 04V3) has announced expansion drilling results from the company’s Los Reyes Project, located in Sinaloa State, Mexico. These results are from 2024 drilling at the Guadalupe East Area within the Guadalupe Trend, and are not included in the 2023 mineral Resource Estimate (MRE).
The company has reported 11 holes with the following highlights:
– 6.9gpt AuEq (2.67gpt Au and 326.6gpt Ag) over 3.5m etw in hole 24GE-149
– 12.65 gpt AuEq (4.06gpt Au and 664.0gpt Ag) over 1.1m etw in hole 24GE-150
– 7.8gpt AuEq (2.38gpt Au and 419.0gpt Ag) over 1. 5m etw in hole 24GE-151
– 9.86 gpt AuEq (3.71gpt Au and 475.0gpt Ag) over 1.0m etw in hole 24GE-158
– 54.41gpt AuEq (20.5gpt Au and 2,620gpt Ag) over 0.70m etw in hole 24GE-159
CEO Scott Hicks commented, “Today’s results build upon the quality of mineralization that we continue to discover at Guadalupe East and indicate that mineralization remains open in all directions. This area continues to return impressive silver values in addition to gold, including an intercept assaying just over 2,600gpt in 24GE-159 – one of the highest-grade silver intercepts we have recorded on the property. These high-grade results indicate tremendous optionality between potential open pit or underground mining approaches.”
Additionally, Prime has completed over 24,000m of its targeted 40,000m 2024 drill programme to-date (within budget) and will continue to evaluate drilling plans using its success-based approach. This evaluation will also include prioritization of targets based on probability of resource development and generative area discovery potential.
To find out more, please visit www.primeminingcop.ca
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