| Announcement Date: | 2023-02-27 |
|---|---|
| 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. 19.3m at 1.4g/t Au, 18g/t Ag |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, February 27, 2023 – Prime Mining Corp. (“Prime” or the “Company”) (TSX-V: PRYM, OTCQX: PRMNF, Frankfurt: 04V3) announces assay results from drilling located outside of the current resource areas, indicating significant exploration upside beyond the forthcoming Q2 2023 mineral resource update. These results are from drill holes targeting previously undrilled or mineralized structures with limited drilling. With continued follow-up in 2023, these initial results have the potential to significantly expand the footprint of the multi-million-ounce Los Reyes high-grade gold-silver deposits across a 15 square kilometre highly prospective mineralized area in mining-friendly Mexico. Chief Executive Officer, Daniel Kunz commented, “Our 2023 work will maintain focus on known resource expansion within Guadalupe, Z-T and Central key areas, but we are also extremely excited about the success of the generative exploration results outside of these deposit areas. Further geological interpretation and drilling of five advanced generative areas, highlighted today, along with our extensive remote-sensing and field mapping across Los Reyes, are expected to define new mineralized trends conducive to additional gold-silver deposit discoveries.” Scott Smith, EVP Exploration added: “Fresnillo drill hole 22FRE-09 is very exciting as it contains 1.7 g/t AuEq over an estimated true width of 15.8m and this ranks with some of our best intercepts inside the nearby Z-T and Central resource areas, which occur on either side of Fresnillo. This year, we will complete significant sampling, mapping, and further drilling to learn more about these prospective areas with the objective of adding them to future resource updates.” |
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