VANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) — Prime Mining Corp. (“Prime” or the “Firm”) (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: A2PRDW) is happy to announce that it has been named to the 2021 TSX Enterprise 50, an annual rating of high performing listed firms from 5 business sectors together with, Mining, Oil & Fuel, Clear Know-how and Life Sciences, Diversified Industries and Know-how.
The 2021 Enterprise 50 high performers had been chosen primarily based on year-over-year efficiency throughout three equally weighted standards: market capitalization progress, share value appreciation, and buying and selling quantity for the 12 months ended December 31, 2020.
“We’re extraordinarily honored to be acknowledged and chosen by the TSX Enterprise Alternate inside the high 10 of Mining Firms,” acknowledged Daniel Kunz, CEO of Prime Mining. “The previous 12 months has seen Prime Mining evolve on many fronts, particularly the development of our high-grade gold silver deposit in Sinaloa Mexico, and the addition of a robust, skilled administration and technical group and strategic shareholders Trinity Companions and Pierre Lassonde. We’re very excited concerning the future as we proceed to diligently work on unlocking worth at Los Reyes. On behalf of our Board of Administrators, I want to prolong our appreciation to the group at Prime Mining for his or her laborious work and dedication and to our shareholders for his or her assist alongside the way in which.”
Los Reyes Gold and Silver Venture
Los Reyes is a district scale low sulphidation epithermal gold-silver challenge positioned in a prolific mining area of Mexico. Over $20 million in exploration, engineering and prefeasibility research have been spent on the challenge over 2 1/2 a long time by earlier operators with improvement plans being held again attributable to declining gold costs. Historic knowledge coupled with an present and not too long ago up to date useful resource estimate has supplied enough understanding to fast-track the challenge to manufacturing. Nonetheless, there’s substantial useful resource enlargement upside primarily based on open extensions of identified deposits, a number of untested excessive precedence exploration targets, and solely 40% of the identified buildings systematically explored leaving 10 kilometres of untested strike size. Potential for vital progress of the useful resource stays sturdy.
Present Measured and Indicated pit-constrained oxide mineral sources embody 19.8 million tonnes (‘mt’) containing 633,000 ounces of gold at 1.0 g/t and 16,604,000 ounces of silver at 26.2 g/t plus a further 7.1 mt Inferred containing 179,000 ounces gold at 0.78 g/t and 6,831,000 ounces silver at 30 g/t.
About Prime Mining
Prime Mining is a perfect mixture of profitable mining executives, sturdy capital markets personnel and skilled native operators who’ve united to construct a low price, near-term gold producer on the traditionally productive Los Reyes challenge in Mexico. Prime Mining has a well-planned capital construction with vital group and insider possession.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Government Officer
For additional info, please contact:
Chief Government Officer and Director
Prime Mining Corp.
1307 S. Colorado Ave.
Boise, Idaho 83706
Phone: 1-208-926-6379 workplace
Government Vice President and Director
Prime Mining Corp.
1507 – 1030 West Georgia Avenue
Vancouver, BC, V6E 2Y3
Phone: (604) 428-6128
Facsimile: (604) 428-6430
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.
Ahead Trying Data
Data set forth on this doc might embody forward-looking statements. Whereas these statements mirror administration’s present plans, projections, and intents, by their nature, forward-looking statements are topic to quite a few dangers and uncertainties, a few of that are past the management of the Firm. Readers are cautioned that the assumptions used within the preparation of such info, though thought-about affordable on the time of preparation, might show to be imprecise and, as such, undue reliance shouldn’t be positioned on these forward-looking statements. There isn’t any assurance the transactions famous above will likely be accomplished on the phrases as contemplated, or in any respect. The Firm’s precise outcomes, applications, actions, and monetary place may differ materially from these expressed in or implied by these forward-looking statements.