Primas | Jotup

Prime Releases Final 2023 Drilling Results and Recap from Los Reyes

Retrieved on:

Wednesday, February 21, 2024

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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 Intersects 3.74 gpt AuEq Over 5.7m at Z-T in New High-Grade Mineralized Zone 350m Beyond Current Resource Pit While Extending High-Grade Shoots at Depth

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Tuesday, February 6, 2024

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2) Estimated True Widths (ETW) are estimated based on drill hole geology or comparisons with other on-section drill holes.

Key Points:

2) Estimated True Widths (ETW) are estimated based on drill hole geology or comparisons with other on-section drill holes.
Demonstrates that the Tahonitas structure continues to be mineralized for 350m along strike from the south-east pit crest.
The potential to discover more high-grade plunges as we continue to drill at depth within the new southeast strike extension.
Prime is targeting 40,000 metres in its 2024 drill program and will continue to evaluate drilling plans using its success-based approach.

Prime Announces 2024 Outlook for Its High-Grade Los Reyes Gold-Silver Project

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Wednesday, January 24, 2024

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VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is pleased to announce that in 2024 the Company plans to undertake a 40,000-metre exploration drilling program and further technical investigation of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico (“Los Reyes” or the “Project”).

Key Points:

VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is pleased to announce that in 2024 the Company plans to undertake a 40,000-metre exploration drilling program and further technical investigation of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico (“Los Reyes” or the “Project”).
2024 Los Reyes Project Outlook:
Exploration: Continue success-based approach to drilling in 2024, targeting completion of 40,000 metres (see Figure 1 below).
Los Reyes Resource Update: Target a late-2024 resource increase, subject to drilling results from the full year 2023 and on-going 2024.
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

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Wednesday, January 10, 2024

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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 Further Expands Mineralization at Central

Retrieved on:

Wednesday, December 13, 2023

2) Estimated True Widths (ETW) are estimated based on drill hole geology or comparisons with other on-section drill holes.

Key Points:

2) Estimated True Widths (ETW) are estimated based on drill hole geology or comparisons with other on-section drill holes.
As of this week, the number of active drills at Los Reyes has been reduced from six to three as the team prepares for the holiday break.
These rigs are focusing on Guadalupe East and the Z-T Area, concluding work for 2023 on December 15.
The returns are homogenized and split into two halves, with one half submitted for analysis and the other half stored.

Prime Mining Reports Third Quarter 2023 Financial and Operating Results

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Wednesday, November 15, 2023

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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 Announces More High-Grade Drilling Results from the Z-T Area at Los Reyes

Retrieved on:

Wednesday, November 8, 2023

The exploration team is targeting specific areas of these growing high-grade shoots to add Resources within the Z-T Area pit constrained shapes.

Key Points:

The exploration team is targeting specific areas of these growing high-grade shoots to add Resources within the Z-T Area pit constrained shapes.
Tahonitas continues to demonstrate higher silver grades compared to other zones within the Z-T area.
These higher silver grades have the potential to increase the overall AuEq grades and gold-silver ounces in these areas.
Drill core at the Los Reyes project is drilled in predominately HQ size (63.5 millimetre “mm”), reducing to NQ (47.6 mm) when required.

Prime Releases High-Grade Drill Results from Two New Generative Targets at Los Reyes

Retrieved on:

Wednesday, September 6, 2023

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Today’s results are from the Las Primas and Fresnillo generative targets (see Figure 1) at the Company’s Los Reyes Project (the “Project”), located in Sinaloa State, Mexico.

Key Points:

Today’s results are from the Las Primas and Fresnillo generative targets (see Figure 1) at the Company’s Los Reyes Project (the “Project”), located in Sinaloa State, Mexico.
New mineralized areas like these are expected to contribute to our goal of continued expansion of the Los Reyes gold-silver resource.
We have many additional generative targets at Los Reyes identified that we have not yet had the opportunity to fully drill-test.
These recent regional results are from the initial generative program which is expected to be followed-up as the Company continues to evaluate the full potential of Los Reyes.

Prime Mining Announces Financial Results and Appoints New Executive

Retrieved on:

Friday, May 12, 2023

VANCOUVER, British Columbia, May 11, 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 March 31, 2023.

Key Points:

VANCOUVER, British Columbia, May 11, 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 March 31, 2023.
Prime released an updated mineral resource estimate (“MRE”1) for the Los Reyes Gold-Silver Project on May 2, 2023 that included Prime drilling results through December 2022.
This is 1.0 million ounces of gold at 1.16 gpt and 35 million ounces of silver at 40.4 gpt.
The following selected financial data is summarized from the Company’s consolidated financial statements and related notes thereto (the “Financial Statements”) for the three months ended March 31, 2023 and 2022.

Prime Mining Announces Discovery Holes in Several New Gold- and Silver-Bearing Areas

Retrieved on:

Monday, February 27, 2023

These results are from drill holes targeting previously undrilled or mineralized structures with limited drilling.

Key Points:

These results are from drill holes targeting previously undrilled or mineralized structures with limited drilling.
Limited generative drilling was completed during Phase 1 and 2 at Mariposa, Las Primas, Mina, Fresnillo and Orito.
At Fresnillo these highlighted drill holes are 60 metres apart and at Orito they are over 350 metres apart.
Additional targets have been identified utilizing remote sensing, surface mapping, geological interpretation and physical surveys of historic mining activity.