Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Prime Mining Corp.
Project name: Los Reyes
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 42.7m @ 2.38g/t Au, 43.4g/t Ag from 200m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, March 29, 2022 – Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces continuing positive drill hole results from its 2021 Phase 1 drill program and its on-going Phase 2 drill program at the Zapote South deposit. Zapote South is one of the eight known gold-silver deposits at the Company’s wholly owned Los Reyes project located in Sinaloa State, Mexico (the “Project”). Being reported today are 20 new drill holes from Zapote South, including 15 diamond drill and 5 reverse circulation (“RC”) holes. Eleven of the holes represent final results of the Zapote South Phase 1 program and 9 holes from the ongoing Phase 2 program (see Figures 1 and 2). Highlights from the Zapote South Drill Program Include Executive Vice President of Exploration, Scott Smith commented, “Hole 22ZAP-55R contains one of the widest and deepest intercepts drilled to date and this new discovery opens the opportunity for the entire ZT Structure at depth. The RC hole ended in mineralization at 406 metres above sea level and was terminated due to encountered water.
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