Welcome to our dedicated page for Prime Mining news (Ticker: $PRMNF), a resource for investors and traders seeking the latest updates and insights on Prime Mining stock.
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Prime Mining Corp. has announced significant expansion drilling results from its Los Reyes Project in Sinaloa, Mexico. Notable findings include 6.9 gpt gold-equivalent over 3.5 meters and 54.41 gpt gold-equivalent over 0.7 meters in the Guadalupe East area. These results indicate high-grade silver and gold mineralization, extending the resource potential beyond the 2023 estimates. The drilling program, which has completed 24,000 of the targeted 40,000 meters for 2024, continues to show promise with mineralization remaining open in multiple directions. The company plans to focus future drilling on high-grade zones and generative targets to further enhance resource potential.
Prime Mining (TSV: PRYM, OTCQX: PRMNF) announced its Q1 2024 results, highlighting progress at its Los Reyes Gold-Silver Project in Mexico. Key developments include a successful CEO transition from Daniel Kunz to Scott Hicks, expansion drill results from Guadalupe East and Las Primas, and a planned 40,000m drill program for 2024. The company intercepted high grades at multiple sites, including record highs at Guadalupe East with 17.95 gpt AuEq over 31.25m. Financially, Prime reported a loss of $6.45M for Q1 2024, slightly higher than the $5.99M loss in Q1 2023, with cash reserves standing at $27.9M. The company also emphasized its commitment to sustainability and community engagement.
