| Announcement Date: | 2023-07-18 |
|---|---|
| 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. 11.5m at 146ppm Ag, 3.16% Zn, 2.17% Pb, 0.11ppm Au, 0.45% Cu from 654.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC — July 18, 2023 — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today provided a Q2 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 in the South-East Deeps (“SE Deeps”) zone of its 70%-owned Cerro Los Gatos (“CLG”) mine that could provide new mineral resources and reserves to extend the mine life. “Our continued drilling success shows why we are so excited about the future for this district” said Dale Andres, CEO of Gatos Silver. “Our next mineral resource and reserve update is nearing completion and will be a first step in extending the mine life and showing the potential scale of SE Deeps. With six surface drill rigs primarily focused on defining the SE Deeps, we are continuing to intercept strong widths and grades of silver, zinc, lead, gold and copper as we infill that zone. In addition, the foundational work we are doing this year with our greenfields program is deepening our understanding of the district and enabling us to sharpen our focus on priority areas where we might find the next CLG. |
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