| Announcement Date: | 2022-10-24 |
|---|---|
| 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. 2.3m at 27.9g/t Au, 509g/t Ag from 118.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, October 24, 2022 – Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces further Phase 2 drill results from the Guadalupe area where Prime continues to delineate and expand the multi-million-ounce Los Reyes high-grade gold-silver deposit. Located in a highly prospective, 500-year-old mining-friendly district of Sinaloa, Mexico, Los Reyes and its three known gold-silver deposit areas (Guadalupe, Z-T and Central), has a mineralized footprint of over 15 square kilometres. These results are the highlights from 9 significant drill holes in the main Guadalupe deposit shown in detail in Figure 1. Seven of these holes are considered step-out, intersecting high-grade mineralization outside of the April 2020 pitconstrained resource shell. Drilling continues to identify multiple new high-grade mineralized intercepts along the Estaca Vein. Reported intercepts are up to 100 m to the west, 240 m to the east, and 100 m below the 2020 pit-constrained resource. Drilling is also defining new areas of mineralization inside the current boundaries of the April 2020 resource that were previously classified as waste. Drilling has been successful in delineating a cluster of high-grade mineralized Estaca vein splays in the main Guadalupe deposit, outside of the Estaca Vein |
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