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 trade 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 worth appreciation, and buying and selling quantity for the yr ended December 31, 2020.
“We’re extraordinarily honored to be acknowledged and chosen by the TSX Enterprise Trade inside the high 10 of Mining Firms,” said Daniel Kunz, CEO of Prime Mining. “The previous yr 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 in regards to the future as we proceed to diligently work on unlocking worth at Los Reyes. On behalf of our Board of Administrators, I wish to lengthen our appreciation to the group at Prime Mining for his or her arduous work and dedication and to our shareholders for his or her help alongside the way in which.”
Los Reyes Gold and Silver Mission
Los Reyes is a district scale low sulphidation epithermal gold-silver mission positioned in a prolific mining area of Mexico. Over $20 million in exploration, engineering and prefeasibility research have been spent on the mission over 2 1/2 a long time by earlier operators with improvement plans being held again attributable to declining gold costs. Historic information coupled with an present and not too long ago up to date useful resource estimate has supplied ample understanding to fast-track the mission to manufacturing. Nevertheless, there’s substantial useful resource growth upside primarily based on open extensions of identified deposits, a number of untested excessive precedence exploration targets, and solely 40% of the identified constructions systematically explored leaving 10 kilometres of untested strike size. Potential for important progress of the useful resource stays robust.
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, robust 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 mission in Mexico. Prime Mining has a well-planned capital construction with important group and insider possession.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Government Officer
For additional data, 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 Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Ahead Trying Data
Data set forth on this doc could embody forward-looking statements. Whereas these statements replicate 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 data, though thought-about affordable on the time of preparation, could show to be imprecise and, as such, undue reliance shouldn’t be positioned on these forward-looking statements. There is no such thing as a assurance the transactions famous above will probably 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.