Latest news with #non-JORC
The Age
21-05-2025
- Business
- The Age
Advance hits stride with maiden silver assessment in Chihuahua, Mexico
Advance Metals is hitting its stride with maiden drill testing of its high-grade Yoquivo silver project in southwestern Chihuahua, Mexico. The company says its first diamond drill hole is complete with hole two underway. The company says its ambitious 3000m program is targeting high-grade epithermal vein stacks in one of Mexico's most promising silver-gold districts. Advance's first hole pierced to depths of 450 meters at the Yoquivo with the campaign focused on its high-grade Pertenencia prospect, which already hosts the project's non-JORC foreign estimate of 937,000 tonnes at serious 570 grams per tonne (g/t) silver-equivalent (AgEq) for 17.23 million ounces AgEq. The existing non-compliant resource was defined by over 16,500m of historical drilling, with the company focussed on upgrading that resource to a JORC compliant rating following this 3000m. The program is currently targeting extensions to known high-grade zones with all holes designed to strategically intersect up to four modeled epithermal veins, that host the high-grade silver mineralisation. 'The coming months should be very exciting as we look to expand the already impressive endowment of silver and gold at the site.' Advance Metals managing director Dr Adam McKinnon First assays are expected in the second half of June, as the company eagerly awaits its first inspection of the newly acquired Central American project. Advance Metals managing director Dr Adam McKinnon said: 'This milestone means we are now moving ever closer to seeing our first high grade silver-gold assays returned from the project. Given that the full program will see up to 3,000 metres of drilling completed at Yoquivo, the coming months should be very exciting as we look to expand the already impressive endowment of silver and gold at the site.' Epithermal vein systems, like those at Yoquivo, host some of the highest grade silver deposits globally for precious metals pundits. Formed near the Earth's surface in volcanic settings, these systems channel hot, mineral-rich fluids through cracks in the crust, depositing high-grade silver and gold in concentrated zones.
The Age
06-05-2025
- Business
- The Age
Flagship drill data review highlights Chilean gold scale potential
Flagship Minerals' drill data review highlights the immense scale potential for additional gold mineralisation at the company's Pantanillo gold project in the renowned Maricunga gold belt in northern Chile. The full-scale review of 20,531 metres of diamond and reverse circulation drilling confirms the strong potential for extensions to gold intersected near the company's outlined 2010 pit shell and up-dip of mineralised gold hits. Pantanillo's mineralisation is open along strike and down dip. Management plans to drill test to its full potential to add significant scale to the project, which currently hosts a non-JORC qualifying foreign estimate resource of 47.4 million tonnes grading 0.69 grams per tonne (g/t) gold for 1.05M ounces. The current foreign estimate resource is constrained by the pit shell reported in 2010, which focussed on mining oxide and transitional material. Flagship aims to include new drill results into the project's resource, aiming to upgrade the qualifying foreign estimate into a JORC-compliant resource. 'Pantanillo presents a compelling opportunity, the project is de-risked on a number of levels, including geology, geography, jurisdiction, metallurgy and permitting precedents.' Flagship Minerals managing director Paul Lock The company plans to target mineralisation at depth, along strike and up-dip in the deposit's northwestern section. A zone of potential near-surface mineralised ground sits northwest of the pit shell and close to previous drill intersections that encountered gold, however, most results were not included in the foreign resource estimate. Management believes there is tremendous potential for further mineralisation up-dip and north of the northernmost hole drilled at the deposit and along strike to the west. It is also aware of previous shallow drilling in the area and is in discussions to secure the results from that program. Notably, the deepest gold found at site was discovered in an astonishingly long 440m interval going 0.49g/t from 260m to the end of the hole, which remains open up and down-dip. The interval included a higher-grade section running for 160m at 0.7g/t from 524m.
Sydney Morning Herald
06-05-2025
- Business
- Sydney Morning Herald
Flagship drill data review highlights Chilean gold scale potential
Flagship Minerals' drill data review highlights the immense scale potential for additional gold mineralisation at the company's Pantanillo gold project in the renowned Maricunga gold belt in northern Chile. The full-scale review of 20,531 metres of diamond and reverse circulation drilling confirms the strong potential for extensions to gold intersected near the company's outlined 2010 pit shell and up-dip of mineralised gold hits. Pantanillo's mineralisation is open along strike and down dip. Management plans to drill test to its full potential to add significant scale to the project, which currently hosts a non-JORC qualifying foreign estimate resource of 47.4 million tonnes grading 0.69 grams per tonne (g/t) gold for 1.05M ounces. The current foreign estimate resource is constrained by the pit shell reported in 2010, which focussed on mining oxide and transitional material. Flagship aims to include new drill results into the project's resource, aiming to upgrade the qualifying foreign estimate into a JORC-compliant resource. 'Pantanillo presents a compelling opportunity, the project is de-risked on a number of levels, including geology, geography, jurisdiction, metallurgy and permitting precedents.' Flagship Minerals managing director Paul Lock The company plans to target mineralisation at depth, along strike and up-dip in the deposit's northwestern section. A zone of potential near-surface mineralised ground sits northwest of the pit shell and close to previous drill intersections that encountered gold, however, most results were not included in the foreign resource estimate. Management believes there is tremendous potential for further mineralisation up-dip and north of the northernmost hole drilled at the deposit and along strike to the west. It is also aware of previous shallow drilling in the area and is in discussions to secure the results from that program. Notably, the deepest gold found at site was discovered in an astonishingly long 440m interval going 0.49g/t from 260m to the end of the hole, which remains open up and down-dip. The interval included a higher-grade section running for 160m at 0.7g/t from 524m.
