Prime Mining Corp Reports High-Grade Drilling Expansion
Prime Mining Corp: High-Grade Drill Results at Z-T Trend
Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is proud to share its latest drilling results from the ongoing exploration at the Los Reyes Project, located in Mexico. The results highlight successful expansion drilling at the Z-T Trend and demonstrate potential for significant underground resources.
Key Drilling Highlights from Tahonitas
The expansion drilling at Tahonitas has revealed impressive gold equivalent intersections, with notable results from several core holes:
- 24TA-139: 9.39 grams per tonne (gpt) gold-equivalent over 10.5 metres, including 10.29 gpt AuEq over 8.0 metres
- 24TA-138: 4.55 gpt AuEq over 4.1 metres and 8.06 gpt AuEq over 2.1 metres
- 24TA-135: 4.24 gpt AuEq over 2.3 metres, including 13.92 gpt AuEq over 0.6 metres
These findings underscore the presence of high-grade mineralization throughout the area, which is crucial for the future exploration plans.
CEO's Insights on Expansion Drilling
Scott Hicks, Prime Mining's Chief Executive Officer, remarked on the drill results, stating that the continuity of high-grade gold and silver indicates a robust potential for underground mining. This is particularly evident in hole 24TA-139, where the high-grade extensions hint at the economic viability of the underground resource.
Continued Exploration and Expansion Plans
In support of expanded exploration are statements from Scott Smith, the Executive Vice President of Exploration. He highlighted that the southeastern drill holes indicate the mineralizing system’s extension is likely to continue further north and south. This promises exciting opportunities to discover more high-grade shoots that can enhance the project’s resource estimate dramatically.
2024 Exploration Strategy
Encouraged by the recent successes, Prime Mining has approved an increase in its exploration program for 2024 to 50,000 metres. Currently, four drill rigs are operational at the Los Reyes site, focusing on:
- Expanding high-grade Zones at Z-T
- Increasing resources at Guadalupe East
- Targeting enhancements at Central Area and surrounding needle points
- Engaging in generative drilling at notable sites like Las Primas and Fresnillo
The Los Reyes Project's Potential
The Los Reyes Project is distinguished as a rapidly growing, high-grade epithermal gold-silver project. Since its acquisition, Prime Mining has invested significantly to enhance exploration activities, resulting in over 198,500 metres of drilling completed. The latest resource statement from May signifies a promising outlook.
FAQs
What recent drilling results has Prime Mining announced?
Prime Mining announced high-grade gold equivalent results, with notable intersections at the Z-T Trend, particularly in holes 24TA-139, 24TA-138, and 24TA-135.
What is the significance of the Z-T Trend for Prime Mining?
The Z-T Trend's mineralization suggests solid continuity and the potential for underground mining, further establishing the project's resource base.
How much has Prime Mining expanded its drilling program for 2024?
Prime Mining has raised its fiscal 2024 program to 50,000 metres in response to positive drilling outcomes.
What are the future targets for Prime Mining's exploration?
The exploration will focus on extending high-grade shoots, increasing known resources in the area, and engaging in generative drilling for new discoveries.
Who oversees the exploration goals at Prime Mining?
The exploration direction is managed by a dedicated team including Scott Hicks and Scott Smith, who oversee strategic goals and operational efficiency.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Wyoming Rare Inc. Reports Exceptional Drill Results
- Earnings Reports Tuesday: Zscaler, Gitlab, Healthequity Insights
- CoinW Introduces Nexus Program to Boost Global Expansion
- Skyharbour Launches New Drilling Program at Moore Uranium Project
- PharmaCorp Strengthens Position with New Pharmacy Acquisition
- NCL Corporation Ltd. Proposes Offering of Senior Notes
- Risk Mitigation Consulting Secures Key U.S. Marine Corps Contract
- Ecopetrol S.A. Board Resignation and Corporate Decisions Update
- GH Research Reports Q2 2024 Results and Business Progress
- Goliath Resources Expands Surebet Drilling to 36,000 Meters
- Troilus Gold Reports Encouraging Drill Results from West Rim Zone
- Regenx Tech Corp Announces Production Update and Webinar
- Scorpio Tankers Executes Vessel Sales and Charter Agreements
- Probe Gold Achieves High-Grade Gold Intersections in Quebec
- Albion Enterprise VCT PLC Reports Strong Interim Results
- G Mining Ventures Reports Successful Production at Gold Mine
- Calliditas Therapeutics Announces Corporate Actions with Asahi Kasei
- Blackwell 3D Advances Corporate Growth and Asian Expansion Plans
- Calibre Mining Reports Positive Results from Valentine Gold Mine
- Vicor Corporation Faces Class Action Lawsuit: Key Insights
- Enfinity Global Secures €190 Million for Solar Portfolio Expansion
- Turmalina Metals Corp Secures Approval for Colquemayo Project
- Lam Research Announces Dividend Increase Amid AI Expansion
- Suominen Corporation's Nomination Board Composition Update
- NRD Cyber Security Reports Remarkable 32% Revenue Growth
Recent Articles
- 4DMT Engages at 2024 Cantor Global Healthcare Conference
- BioVie Secures FDA Approval for Bezisterim Long COVID Study
- Recreational Vehicle Market Expected to Reach US$ 76.68 Billion
- Cognition Therapeutics: Upcoming Investor Conferences Insights
- InflaRx Unveils Promising Preclinical Findings for INF904
- Antony Mattessich Joins Amphista Therapeutics as CEO
- TransUnion CEO to Speak at Barclays Global Financial Conference
- Intel Faces Dow Removal Threat Amid Share Price Slump
- Exploring Growth in the Buy Now Pay Later Market
- Albion Enterprise VCT PLC Reports Strong Interim Results
- Jean Gattuso Takes Leadership as Chair of Letko Brosseau Board
- Legal Action Initiated for Ford Motor Company (F) Investors
- Gold Prices Drop as US Dollar Strengthens; Euro Surges
- Hudson Valley Cancer Center Partners with New York Cancer Specialists
- Dassault Aviation Updates on Shares and Voting Rights Count
- Orexo's Upcoming Participation in Annual Healthcare Conference
- Aidoc Expands AI Solutions to Enhance Healthcare in Europe
- Unitas Protocol Enhances Security with Smart Contract Upgrade
- PayPoint plc Announces Share Buyback Activity Details
- Boussard & Gavaudan: Estimated NAV Update for BGHL
- Bank of America Forecasts Bright Future for Commodities
- Investors Await Crucial US Manufacturing and Jobs Data
- Sberbank's India Operations Flourish Amid Sanctions Challenges
- Cardano's Charles Hoskinson Questions Bitcoin's Longevity
- US Economic Trends Influence Federal Reserve Policy Decisions