Announcement Date: 2022-07-18
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. 18.0m @ 2.72g/t Au, 129.8g/t Ag
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, July 18, 2022 – Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces additional assays from the Phase 2 step-out and infill drilling program at Los Reyes. The project hosts an existing multi-million-ounce gold and silver resource and is located in the mining friendly jurisdiction of Sinaloa, Mexico. Today’s results are from 8 drill holes at the San Miguel East deposit located in the western part of Los Reyes targeting mineralization below the current resource. San Miguel East is one of eight known gold-silver deposits that comprise the resource at Los Reyes (see Figure 1). To date, Prime has drilled approximately 83,235 metres and completed 323 holes at Los Reyes. The Phase 2 program has now completed 57,585 metres, with drilling planned to continue until the end of October. To date, 201 Phase 2 drill holes have been completed and 6 drills continue to operate. Including the drilling results herein, 224 drill holes have been released and 99 are pending. San Miguel East The 8 drill holes at San Miguel East were drilled down dip of the known structure at depth. All 8 encountered mineralization with 7 of the 8 extending mineralization beyond the current historic resource. The southernmost hole, 22SME-11, with an 18-metre intercept listed above, was at 560 metres above sea level. South of this hole is open along strike with potential to expand the San Miguel East deposit and connect it with the nearby Noche Buena deposit.
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