Prime Mining Corp - PRMNF STOCK NEWS

Prime Mining Corp. announced key management appointments, welcoming Edie Hofmeister to the board and Scott Smith as Executive Vice President - Exploration, effective October 1, 2021. This follows a transition for Kerry Sparkes, who will serve as a technical advisor, thereby maintaining his strategic input. The company reported robust exploration developments at the Los Reyes project, with significant drilling results, cash exceeding $31.9 million, and a decrease in comprehensive losses from the previous year, though losses for Q1 2022 reached $4.04 million.

Prime Mining Corp. announces positive Phase 1 drill results from its Los Reyes gold-silver project in Mexico. Key highlights include remarkable intercepts from the Estaca vein, with gold grades up to 35.37 gpt and silver up to 1,626.0 gpt over significant widths. CEO Daniel Kunz noted potential for resource expansion beyond the current April 2020 estimates, with the total strike length of the vein system now at 1,000 metres. The company is preparing to commence an expanded Phase 2 drilling program in November 2021 to further explore and define these high-grade areas.

Prime Mining Corp. (PRMNF) announced the exercise of 19,040,256 common share purchase warrants, generating gross proceeds of C$9.52 million and boosting its cash position to over C$31.9 million. The company is actively preparing for an extended drilling campaign at its Los Reyes project, having completed 4,537 metres in the Phase 1 program, with a third drill contractor engaged. The Los Reyes project holds substantial resource expansion potential, supported by a recent resource estimate showing 633,000 ounces of gold and 16.6 million ounces of silver.

Prime Mining Corp. reported its Q4 fiscal results for 2021, ending April 30. The Company saw a loss of C$3,324,739 compared to a loss of C$6,852,493 in Q4 2020. Cash reserves increased significantly to C$32,026,806 from C$1,020,820 year-over-year. Notable exploration achievements included expanding the Los Reyes project land position and promising drill results, with significant gold-silver intersections reported. Prime aims to enhance resource expansion, with 19.8 million tonnes of measured and indicated resources containing 633,000 ounces of gold.

Prime Mining Corp. reported promising core drilling results at the San Miguel East deposit in Mexico. Key findings include expanded mineralized zones and the new Fresnillo structure, enhancing the potential of the open-pit resource. Significant intersections include 2.50 gpt gold and 117.9 gpt silver over 8.3 meters. Drill results from the new Las Primas target show initial promising mineralization. The company plans a Phase 2 drilling campaign starting November 2021 to further explore these areas, aiming to improve resource estimates and reduce waste rock stripping ratios.

Prime Mining Corp. has reported new drill results from the Noche Buena deposit at its Los Reyes project in Mexico. The results from seven additional drill holes confirm an expansion of mineralization, with highlights including 1.29 gpt Au and 60.7 gpt Ag over 36.1 m in drill hole 21NB-06. The deposit is open at depth and along strike, with a current resource estimate indicating strong potential for further growth. A Phase 2 drilling campaign is expected to start in November, enhancing resource exploration and development efforts.

Prime Mining Corp. announced significant drilling results from its ongoing program at the Los Reyes gold-silver project. The first holes at the new discovery, Mina 20/21, yielded impressive grades, including 4.44 gpt gold and 1,060.1 gpt silver over 7.5 m in drill hole 21Mina-02. The company has completed 15,061 m of Phase 1 drilling and is moving into a 30,000 m Phase 2 program. Additionally, a final payment of US$1 million was made to complete the acquisition of Los Reyes, enhancing the project’s potential for resource expansion.

Prime Mining Corp. has enhanced its Los Reyes gold-silver project in Mexico by adding a seventh drill rig to expedite its ongoing 15,000-metre Phase 1 drill program.

Recent assays revealed significant intercepts at Guadalupe East and Zapote South deposits, such as 58.0 metres at 8.12 gpt gold and 724.6 gpt silver. Historical intersections suggest resource expansion potential.

Management additions include a new project manager and corporate secretary, enhancing operational capabilities.

Prime Mining Corp. announced positive results from its ongoing 15,000-metre Phase 1 drill program at the Los Reyes gold-silver project in Mexico. The drilling includes three deposits: Zapote-South, Noche Buena, and San Miguel East. Key highlights feature drill hole 21ZAP-04, which intersected 4.5 m at 8.95 gpt gold and 74.5 gpt silver. The results expand the known mineralization and enhance resource confidence. The initial assays show promising gold and silver grades, indicating potential improvement in project economics. The program aims to understand mineralization controls and upgrade resource classifications.