Announcement Date: 2023-04-19
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Gatos Silver Inc.
Project name: Cerro Los Gatos
Location: Mexico
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 8m at 596g/t Ag, 9.75% Zn, 2.70% Pb, 0.71g/t Au, 0.15% Cu from 516m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, BC — April 19, 2023 — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today provided a Q1 2023 update on the drilling and exploration programs in the Los Gatos district (“LGD”) in Mexico, including details of additional intercepts of high grade mineralization that could provide new mineral resources and reserves to extend the life of its 70%-owned Cerro Los Gatos (“CLG”) mine. “These drill results demonstrate excellent potential for a multi-year mine life extension at CLG,” said Dale Andres, CEO of Gatos Silver. “We are continuing to intercept strong widths and grades of silver, zinc, lead, gold and, in the case of the South-East and South-East Deeps zones, copper. We are very encouraged by the results of the resource conversion and extension drilling which will be reflected in an updated mineral reserve and mineral resource that is expected to be completed in the third quarter of 2023. We also continue to see significant potential for new discoveries beyond the CLG deposit, as highlighted by the district exploration progress during the period.”
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