Drilling at the Target 1 area of the Copalquin gold-silver district in Mexico continues to expand the known resource. Recent highlights include a 33-meter intercept with 31.8 g/t gold and 274 g/t silver. The company is also progressing a road upgrade to facilitate further exploration activities in 2025.
Drilling continued at the Target 1 area of the Copalquin gold-silver district in Mexico, expanding the maiden resource footprint ahead of a resource update in 2025. Highlight drill results includeon the eastern side of the Target 1 resource area, again adding to the expanded resource footprint.
Figure 7 left and right – municipal road upgrade works, facilitating the expanded exploration program for the Copalquin District in 2025– On 28 October 2024, the Company announced it had received binding commitments for the Placement of 25,000,000 new fully paid ordinary shares in the Company at an issue price of $0.50 to raise approximately $12.5M
The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.
Mr Skeet has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Skeet consents to the inclusion in this report of the matters based on information in the form and context in which it appears.
The information in this announcement that relates to Mineral Resources is reported by Mr Rodney Webster, Principal Geologist at AMC Consultants Pty Ltd , who is a Member of the Australasian Institute of Mining and Metallurgy. The report was peer reviewed by Andrew Proudman, Principal Consultant at AMC.
GOLD MINING SILVER MINING EXPLORATION DRILLING MEXICO
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