Prime Mining Corp. (TSX: PRYM | OTCQX: PRMNF | Frankfurt: 04V3) plans to undertake a 40,000m exploration drilling programme and further technical investigation of its wholly owned high-grade Los Reyes Gold-Silver Project in Sinaloa State, Mexico.
The company will continue preliminary investigations of metallurgical, geotechnical, and mine planning parameters, including process optimization, assessment of open pit versus underground opportunities and evaluation of permitting requirements.
Prime plans to engage with local communities through educational and community programming, access (road) improvements, and water access.
The Los Reyes resource update is targeted for late-2024, subject to drilling results from the full 2023 year and on-going 2024.
Scott Hicks, executive vice president commented, “We begin the new year with approximately C$32.8M in cash. In 2024, our aim is to further illustrate the immense potential of the Los Reyes property through an initial, fully funded 40,000m drilling campaign targeting resource expansion and proving up several key generative targets. We will continue to engage with our stakeholders at the corporate and community levels and maintain the highest levels of performance in health, safety and environmental stewardship.”
The 2024 exploration drilling focuses include extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south, expanding the known high-grade mineralization at Guadalupe East, and increasing the Central Area resource through additions at Noche Buena and its connection to San Miguel East, among others.
To find out more, please visit www.primemorningcorp.ca
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