Announcement Date: 2022-09-07
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. 13.8m @ 1.65g/t Au, 235.9g/t Ag
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, September 07, 2022 – Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces additional Phase 2 drill results at Los Reyes, a high-grade multi-million-ounce gold-silver project in a highly prospective, 500-year-old mining-friendly district of Sinaloa, Mexico. Today’s results are from 42 in-fill and step-out drill holes in Guadalupe, one of three major corridors of mineralization currently being drilled (see Figure 1). In the northwest of Guadalupe, 13 drill holes have encountered gold-silver mineralization, many with high-grade and multiple vein intercepts per hole. Additionally, in the southeast, 26 holes have intercepted the main Estaca vein system with several holes well beyond the limits of the current 2020 pit-constrained resource pit (see Figure 2). These drill results considerably expand the gold-silver mineralization potential at Guadalupe. At present, 5 drills continue to operate at Guadalupe and the other two major mineralized areas (the Z-T Structure and the Central Zone). Additional drill results from these two areas, as part of the successful Phase 2 drill program, are expected to be released shortly.
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