Los Reyes

Prime Releases Final 2023 Drilling Results and Recap from Los Reyes

Retrieved on: 
Wednesday, February 21, 2024

In addition to other corporate and technical achievements, we effectively doubled the gold-equivalent resource ounces at our high-grade Los Reyes Project with drilling up to our December 2022 resource drilling cutoff.

Key Points: 
  • In addition to other corporate and technical achievements, we effectively doubled the gold-equivalent resource ounces at our high-grade Los Reyes Project with drilling up to our December 2022 resource drilling cutoff.
  • In 2023, Prime drilling continued to encounter high grades and wide zones of mineralization at the Z-T Trend, supporting expansion of the Au-Eq grade shell.
  • In 2024, Prime is targeting expansion drilling at Z-T along with generative drilling at Mariposa to the north-west.
  • Generative target drilling of high-grade intercepts at Las Primas, Mariposa, Fresnillo, Mina and others to further develop the resource potential at Los Reyes.

Prime Intercepts High Grades at Las Primas and Record High Grades at Guadalupe East

Retrieved on: 
Wednesday, January 10, 2024

Drilling at Las Primas has intercepted several new high grade mineralized structures that appear to have many similarities to Guadalupe East, located 500m to the northeast.

Key Points: 
  • Drilling at Las Primas has intercepted several new high grade mineralized structures that appear to have many similarities to Guadalupe East, located 500m to the northeast.
  • This discovery highlights the potential at Las Primas, which lies entirely outside of the previously reported 2023 Mineral Resource Estimate (“MRE”).
  • Drill hole 23GE-147 at Guadalupe East contains one of the highest grade intercepts ever recorded at the Project, with 45.3 gpt Au and 2,723 gpt Ag over 4.75m estimated true width (80.6 gpt AuEq).
  • Prime Mining Corp. Chief Executive Officer Daniel Kunz commented, “The incredibly high-grade intercepts at Guadalupe East are exciting from a resource expansion perspective.

Prime Mining Reports Third Quarter 2023 Financial and Operating Results

Retrieved on: 
Wednesday, November 15, 2023

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to report its operating and financial results for the quarter ended September 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to report its operating and financial results for the quarter ended September 30, 2023.
  • On August 16th, the Company reported its Second Quarter 2023 Financial and Operating results.
  • 2.22 gpt AuEq (1.91 gpt Au and 24.3 gpt Ag) over 7.9 m etw in hole 23ZAP-118, including:
    5.20 gpt AuEq (4.65 gpt Au and 42.7 gpt Ag) over 2.55 m etw.
  • 4.24 gpt AuEq (3.77 gpt Au and 36.6 gpt Ag) over 3.6 m etw, including 7.12 gpt AuEq (6.37 gpt Au and 57.6 gpt Ag) over 2.1 m etw, in hole 23ZAP-106
    13.51 gpt AuEq (10.10 gpt Au and 263.8 gpt Ag) over 2.2 m etw in hole 23GE-142, including:
    23.46 gpt AuEq (17.80 gpt Au and 437.0 gpt Ag) over 1.2 m etw; and,
    15.06 gpt AuEq (5.46 gpt Au and 742.0 gpt Ag) over 0.8 m etw in hole 23GE-136.

Prime Mining Corp. Opens the Market

Retrieved on: 
Friday, December 15, 2023

TORONTO, Dec. 15, 2023 /PRNewswire/ - Pierre Lassonde, investor, and Daniel Kunz, Chief Executive Officer and Director, Prime Mining Corp. ("Prime", or the "Company") (TSX: PRYM), along with Scott Hicks, Executive Vice President, Prime, investors and senior Prime team members joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market and celebrate the Company's graduation to Toronto Stock Exchange.

Key Points: 
  • TORONTO, Dec. 15, 2023 /PRNewswire/ - Pierre Lassonde, investor, and Daniel Kunz, Chief Executive Officer and Director, Prime Mining Corp. ("Prime", or the "Company") (TSX: PRYM), along with Scott Hicks, Executive Vice President, Prime, investors and senior Prime team members joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market and celebrate the Company's graduation to Toronto Stock Exchange.
  • Prime is focused on unlocking the full potential of the Los Reyes Project, a high-grade, low sulphidation epithermal gold-silver project located in Sinaloa State, Mexico.
  • The Company is targeting a material resource expansion at Los Reyes through a combination of new generative area discoveries and growth, while also building on technical de-risking activities to support eventual project development.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/prime-mining-corp-opens-the-mar...

Prime Drills New Multiple Wide, High-Grade Intercepts in Z-T Area Including Bonanza-Grade Intervals

Retrieved on: 
Wednesday, May 24, 2023

Results reported today are from fourteen new core holes drilled at the southeast end of the Z-T Area (see Figure 1) and are all outside of the recently announced resource pit shell from the Z-T Area.

Key Points: 
  • Results reported today are from fourteen new core holes drilled at the southeast end of the Z-T Area (see Figure 1) and are all outside of the recently announced resource pit shell from the Z-T Area.
  • This drilling confirms the potential ongoing expansion of gold-silver resources in addition to and not included in the Company’s MRE.
  • The stepout drilling is already expanding the mineralized envelope beyond the latest resource pits in a number of areas and directions.
  • The deposits remain open down dip and along strike.”
    Drilling results released today demonstrate the potential at Los Reyes for continued resource expansion.

Prime Mining Receives $28 Million From Warrant Acceleration Program

Retrieved on: 
Tuesday, May 9, 2023

The Warrants were previously issued by the Company in connection with a brokered private placement and were exercisable at $2.00.

Key Points: 
  • The Warrants were previously issued by the Company in connection with a brokered private placement and were exercisable at $2.00.
  • Chief Executive Officer Daniel Kunz commented, “With a current cash balance of $45.5 million, we are now positioned to increase our exploration activities at Los Reyes this year and next.
  • We expect to increase the total planned drilling from 45,000 to 60,000 metres for 2023 and to undertake a similar-sized drill program in 2024.
  • Our target in the coming years is to double the size of the high-grade gold-silver mineral resource estimate recently announced on May 2, 2023.”

Prime Mining Corp. Announces Upsize of Previously Announced Bought Deal Private Placement Financing to $18.3 Million

Retrieved on: 
Friday, December 2, 2022

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to announce that in connection with its previously announced bought deal private placement, the Company and Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (the “Co-Leads Underwriters” and collectively with the syndicate of underwriters, the “Underwriters”) have agreed to increase the size of the previously announced offering from $16,500,000 to $18,300,000. Pursuant to the amended terms, the Underwriters will offer for sale, on a bought deal basis, 12,200,000 units of the Company (the “Units”) at a price of $1.50 per Unit (the “Offering Price”) for aggregate gross proceeds to Prime of $18,300,000 (the “Offering”). Each Unit will consist of one common share in the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable for one Common Share at an exercise price of $2.00 for a period of 36 months following the Closing Date (as defined below). If, following the Closing Date, the volume weighted average trading price of the Shares on the TSX Venture Exchange (“TSXV”) for any 10 consecutive trading days equals or exceeds $2.50, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 20 days following the date of such written notice.

Key Points: 
  • Each Unit will consist of one common share in the Company (each a Common Share) and one common share purchase warrant (each a Warrant).
  • The Company has not registered and will not register the securities under the U.S. Securities Act of 1933, as amended.
  • Prior to Primes acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies.
  • Results to date suggest the three known main deposit areas, Guadalupe, Central and Z-T, are larger than previously reported.

Prime Mining Corp. Announces C$16.5 Million Bought Deal Private Placement Financing

Retrieved on: 
Thursday, December 1, 2022

VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime”, or the “Company”) (TSX.V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. (the “Co-Leads Underwriters” and collectively, the “Underwriters”) whereby the Underwriters have agreed to purchase for resale, on a bought deal private placement basis, 11,000,000 units (the “Units”) at a price of $1.50 per Unit for gross proceeds of approximately $16,500,000 (the “Offering”). Each Unit will consist of one common share in the Company (each a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant shall be exercisable for one Common Share at an exercise price of $2.00 for a period of 36 months following the Closing Date (as defined below). If, following the Closing Date, the volume weighted average trading price of the Shares on the TSX Venture Exchange (“TSXV”) for any 10 consecutive trading days equals or exceeds $2.50, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 20 days following the date of such written notice.

Key Points: 
  • Prime has also been informed that Pierre Lassonde intends to participate in the Offering.
  • The Units will be offered for sale on a private placement basis in all of the provinces ofCanadapursuant to applicable exemptions from the prospectus requirements of Canadian securities laws.
  • Prior to Primes acquisition, recent operators of Los Reyes had spent approximately US$20 million on exploration, engineering, and prefeasibility studies.
  • Prime is managed by an ideal mix of successful mining executives, strong capital markets personnel and experienced local operators all focused on unlocking the full potential of the Los Reyes Project.

OTC Markets Group Welcomes Prime Mining Corp. to OTCQX

Retrieved on: 
Wednesday, June 8, 2022

NEW YORK, June 08, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Prime Mining Corp. (TSX-V: PRYM; OTCQX: PRMNF), a company focused on the exploration and development of its wholly owned Los Reyes Gold-Silver Project in Sinaloa State, Mexico, has qualified to trade on the OTCQX Best Market.

Key Points: 
  • NEW YORK, June 08, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Prime Mining Corp. (TSX-V: PRYM; OTCQX: PRMNF), a company focused on the exploration and development of its wholly owned Los Reyes Gold-Silver Project in Sinaloa State, Mexico, has qualified to trade on the OTCQX Best Market.
  • Prime Mining Corp. begins trading today on OTCQX under the symbol PRMNF.
  • About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities.
  • OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

Is Recent Volatility of Cryptocurrency Tipping the Scales in Gold's Favor

Retrieved on: 
Thursday, June 2, 2022

According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.

Key Points: 
  • According to a report from ReportLinker the Global Gold Mining Market was valued at USD 197.58 Billion in the year 2021.
  • Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scales.
  • With the recent crash of cryptocurrency, the odds of a rally are leaning in gold's favor."
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.