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PRIME MINING CORP (PRMNF) is a mining company focused on exploration and development projects in Mexico. The company's core business involves identifying and developing high-grade gold deposits with significant growth potential. With multiple active drill rigs at the Los Reyes site, PRIME MINING CORP aims to expand its mineral resources and advance its exploration activities to maximize shareholder value. PRIME MINING CORP is committed to maintaining the highest standards of safety, environmental stewardship, and community engagement in all its operations.
Prime Mining Corp. reported its financial results for the three-month period ending June 30, 2022. The company recorded a loss of $7.06 million, representing a loss per share of $0.06. Cash reserves decreased to $14.44 million from $27.41 million at the end of 2021. Despite the rainy season, drilling at the Los Reyes project continues with 63,000 meters completed in Phase 2, totaling 88,500 meters in Phases 1 and 2. New drill results indicate significant mineralization extensions beyond the historic resource.
Prime Mining Corp. announced new assay results from its Phase 2 drilling program at the Los Reyes project, which holds substantial gold and silver resources in Sinaloa, Mexico. The recent drilling at San Miguel East revealed promising intercepts, including 2.72 gpt gold and 129.8 gpt silver over 18.0 meters. To date, 83,235 meters of drilling have been conducted, with 57,585 meters completed in this phase. The results indicate potential resource expansion, with ongoing drilling expected to continue until the end of October.
Prime Mining Corp. has announced progress in its expanded Phase 2 drilling program at the Los Reyes project in Sinaloa, Mexico, now targeting 70,000 metres. Recent assays from Tahonitas show high-grade intercepts, including up to 6.08 gpt Au and 103.5 gpt Ag over 3.4 m. To date, the company has drilled 81,000 metres, with 310 holes completed, of which 216 results have been released. The drilling is expected to continue until October, as the company identifies additional mineralization and plans to connect existing resources.
Prime Mining Corp. has successfully upgraded to the OTCQX Best Market from the OTCQB Venture Market, effective June 8, 2022, trading under the symbol PRMNF. This upgrade is significant as it positions the company to enhance its visibility and liquidity among U.S. investors. CEO Daniel Kunz highlighted that this move is expected to strengthen investor confidence through improved disclosure requirements. Prime Mining focuses on the high-grade Los Reyes Gold-Silver Project in Mexico, supported by a strong team and capital structure.
Prime Mining Corp. (OTCQB: PRMNF) released additional Phase 2 drill results from 12 drill holes at the Guadalupe East deposit, part of the Los Reyes project. Notable intercepts include 61.99 gpt gold and 977.6 gpt silver over 3.6 metres in drill hole 22GE-53. The company's ongoing drilling, now over 49,350 metres, aims to expand resources as they report high-grade mineralization results. CEO Daniel Kunz mentioned the potential for considerable resource expansion, highlighting that ongoing drilling has defined a vein group length of over 420 metres.
Prime Mining Corp. (OTCQB: PRMNF) published its operational and financial results for the first quarter of 2022, reporting a loss of $8,038,370 compared to $3,324,739 in Q1 2021. Despite this, the company is advancing its Los Reyes Gold-Silver Project in Mexico, with 9 drill rigs currently operational and approximately 35,000 metres drilled in Phase 2 of exploration. Prime expects to release a new resource report in early 2023 and continues to manage health protocols effectively amidst COVID-19.
Prime Mining Corp. (PRMNF) reports new drilling results from the Los Reyes gold-silver project in Mexico, expanding the Zapote North deposit. The 17 drill holes confirm gold-silver mineralization continuity between Zapote North and Mariposa, with significant intercepts including 4.81 gpt gold and 17.2 gpt silver over 2.4 meters. The company has completed 255 drill holes totaling 64,070 meters in its exploration campaign. CEO Daniel Kunz highlights the potential for connecting mineralization and expanding resources, as further drilling continues to assess the project's extensive unexplored areas.
Prime Mining Corp. reported positive drill results from 26 drill holes at its Los Reyes gold-silver project in Mexico. Key highlights include the discovery of a second high-grade ore shoot in the Guadalupe East area and bonanza-grade mineralization found 550 meters from the inferred open pit boundary. To date, 236 drill holes have been completed, with ongoing drilling part of a 50,000-meter Phase 2 program. The latest results indicate significant resource expansion potential and continued exploration interest in the project.
Prime Mining Corp. has appointed Chantal Gosselin to its board of directors, effective March 29, 2022, expanding the board to eight members, six of whom are independent. Gosselin brings over 30 years of mining and capital markets experience, having served in significant roles at Goodman Investment Counsel and Sun Valley Gold. She holds an MBA and a degree in Mining Engineering. The company is progressing with its Los Reyes Gold-Silver Project in Mexico, having conducted extensive drilling programs that indicate potential resource expansion.
Prime Mining Corp. reported its financial and operating results for the eight months ending December 31, 2021, emphasizing its focus on the Los Reyes Gold-Silver Project in Mexico. CEO Daniel Kunz highlighted a cash position of $22 million and ongoing drilling efforts with nine rigs. Financials reflect a loss of $14.3 million and a loss per share of $0.13. Notably, the company announced its addition to the MVIS Global Junior Miners Index and continued positive results from exploration drilling.
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