Prime Mining Corp: High-Grade Drill Results at Z-T Trend
Prime Mining Corp. (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is excited to announce its latest drilling results from ongoing exploration at the Los Reyes Project in Mexico. These results showcase successful expansion drilling at the Z-T Trend, indicating significant potential for underground resources.
Key Drilling Highlights from Tahonitas
The expansion drilling at Tahonitas has yielded impressive gold equivalent intersections, with standout 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 results highlight the presence of high-grade mineralization across the area, which is vital for future exploration efforts.
CEO's Insights on Expansion Drilling
Scott Hicks, the Chief Executive Officer of Prime Mining, commented on the drill results, noting that the continuity of high-grade gold and silver suggests a strong potential for underground mining. This is particularly evident in hole 24TA-139, where the high-grade extensions indicate the economic feasibility of the underground resource.
Continued Exploration and Expansion Plans
Supporting the expanded exploration efforts, Scott Smith, the Executive Vice President of Exploration, emphasized that the southeastern drill holes suggest the mineralizing system is likely to extend further north and south. This opens up exciting possibilities for discovering additional high-grade shoots that could significantly enhance the project’s resource estimate.
2024 Exploration Strategy
Buoyed by recent successes, Prime Mining has decided to ramp up its exploration program for 2024 to 50,000 metres. Currently, four drill rigs are active at the Los Reyes site, concentrating on:
- Expanding high-grade zones at Z-T
- Increasing resources at Guadalupe East
- Targeting enhancements at Central Area and surrounding needle points
- Conducting generative drilling at significant sites like Las Primas and Fresnillo
The Los Reyes Project's Potential
The Los Reyes Project stands out as a rapidly advancing, high-grade epithermal gold-silver project. Since its acquisition, Prime Mining has made substantial investments to boost exploration activities, culminating in over 198,500 metres of drilling completed. The most recent resource statement from May indicates a promising future.
Frequently Asked Questions
What recent drilling results has Prime Mining announced?
Prime Mining has reported high-grade gold equivalent results, particularly highlighting intersections at the Z-T Trend in holes 24TA-139, 24TA-138, and 24TA-135.
What is the significance of the Z-T Trend for Prime Mining?
The mineralization at the Z-T Trend indicates strong continuity and the potential for underground mining, further solidifying the project's resource base.
How much has Prime Mining expanded its drilling program for 2024?
In response to favorable drilling results, Prime Mining has increased its exploration program for fiscal 2024 to 50,000 metres.
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 strategy is managed by a dedicated team, including Scott Hicks and Scott Smith, who are responsible for overseeing strategic objectives and operational efficiency.
