Prime Mining Corp.: Exciting Expansion Drilling Results from the Los Reyes Project
Vancouver, British Columbia, January 30, 2025 – Prime Mining Corp. (Prime or the Company), a mineral exploration and development company, is thrilled to report expansion drilling results from its Los Reyes Project, located in the mineral-rich Sinaloa State, Mexico. These new results stem from the 2024 drilling campaign at the Central Trend and are not incorporated in the Company’s October 15, 2024, Mineral Resource Estimate (MRE).
Significant Intercepts at Central Trend
The 2024 drilling campaign at the Central Trend yielded several noteworthy intercepts, further validating the potential of this prospective area. Some of the most notable results include:
- PRYM-24-017: 1.6 meters (m) of 7.3 grams per tonne (g/t) gold, starting at a depth of 175.3m
- PRYM-24-018: 1.5m of 4.4 g/t gold, starting at a depth of 189.7m
- PRYM-24-020: 1.5m of 3.8 g/t gold, starting at a depth of 193.7m
Implications for Prime Mining Corp. and its Stakeholders
These impressive results from the Central Trend expansion drilling are a promising development for Prime Mining Corp. and its stakeholders. The successful drilling campaign strengthens the Company’s belief in the potential of the Los Reyes Project and may lead to:
- Increased confidence in the existing MRE: The new drilling results underscore the potential for higher-grade mineralization in the Central Trend, potentially leading to an updated MRE with increased gold ounces.
- Expansion of the project: The encouraging drilling results may encourage the Company to consider expanding the project boundaries, targeting new areas that could potentially host similar mineralization.
- Increased investor interest: The positive drilling results are likely to attract the attention of investors, potentially driving up the Company’s stock price.
Global Impact of Prime Mining Corp.’s Expansion
Beyond Prime Mining Corp. and its stakeholders, these expansion drilling results could have a broader impact on the mining industry and the world:
- Increased exploration efforts in Sinaloa State: The successful drilling campaign at the Los Reyes Project could inspire other mining companies to explore the mineral potential of Sinaloa State more actively.
- Contribution to Mexico’s economy: If Prime Mining Corp. decides to move forward with larger-scale mining operations, it could contribute significantly to Mexico’s economy through job creation, tax revenues, and the supply of gold.
- Advancement of sustainable mining practices: Prime Mining Corp. has previously emphasized its commitment to sustainable mining practices, and the expansion of the Los Reyes Project could serve as a model for other mining companies to adopt similar practices.
Conclusion
Prime Mining Corp.’s expansion drilling results from the Los Reyes Project in Sinaloa State, Mexico, have generated significant excitement within the Company and the mining industry. The impressive intercepts at the Central Trend validate the potential of this prospective area and could lead to increased confidence in the existing MRE, expansion of the project, and increased investor interest. Furthermore, these results could inspire increased exploration efforts in Sinaloa State and contribute to Mexico’s economy while promoting sustainable mining practices. The future looks bright for Prime Mining Corp. and the mining industry as a whole.
Stay tuned for further updates on Prime Mining Corp. and the Los Reyes Project.
