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Prime Tahonitas Footwall Discovery: Intersects New Continuous High-Grade Veins at Tahonitas in the Z-T Trend
Prime Mining Corp.
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Prime Mining Corp.
Prime Mining Corp.

Results include 9.5 g/t gold-equivalent over 2 metres estimated true width

VANCOUVER, British Columbia, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) is reporting expansion drilling results and new “Tahonitas Footwall” discovery from the Company’s Los Reyes Project (the “Project”), located in Sinaloa State, Mexico. These results are from 2024 drilling at the Z-T Trend and are not included in the Company’s October 15, 2024, Mineral Resource Estimate (“MRE”).

Expansion Drilling Highlights at Z-T

The Company is reporting 25 core holes at the Z-T Trend, 14 of which are from Tahonitas, located in the south-east end of the Z-T Trend, with the following highlights:

  • 5.67 grams per tonne (“g/t”) gold-equivalent (“AuEq”) (2.23 g/t Au and 266.1 g/t Ag) over 4.2 metres (“m”) estimated true wide (“etw”) in hole 24TA-149, including:

    • 9.49 g/t AuEq (3.94 g/t Au and 428.7 g/t Ag) over 2.1 m etw;

  • 1.62 g/t AuEq (1.36 g/t Au and 19.9 g/t Ag) over 15.2 m etw in hole 24TA-144, including:

    • 4.94 g/t AuEq (4.22 g/t Au and 55.3 g/t Ag) over 3.7 m etw;

  • 4.93 g/t AuEq (2.55 g/t Au and 184.0 g/t Ag) over 3.3 m etw in hole 24TA-153, including:

    • 14.09 g/t AuEq (7.09 g/t Au and 541.0 g/t Ag) over 1.1 m etw;

  • And also, 0.92 g/t AuEq (0.72 g/t Au and 15.2 g/t Ag) over 19.2 m etw in hole 24TA-153.

Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “The quality of the high-grade results from the new Tahonitas Footwall Zone in Z-T demonstrates the continued resource expansion potential beyond what has been included in the updated underground and open pit Mineral Resource Estimate. The southern-most holes are over 650 metres south of the MRE pit crest and approximately 250 metres along strike from the southern-most stope. All intercepts in these highlight drill holes are less than 200 metres from surface and located south along strike and outside the resource pit crest, with potential for either open pit or underground extraction.”

Scott Smith, Executive Vice President of Exploration, added, “24TA-144, -153, -155, and -156 delineate a newly discovered high-grade ore shoot at the southernmost end of Tahonitas on the Z-T Trend. The shoot, currently defined over 260 metres by 140 metres, remains open along strike in both directions and at depth and will be a key focus for follow-up drilling. It is great to see that our grassroots, boots on the ground field programs, such as mapping and soil sampling, have led to this exciting new discovery.”

Figure 1: Expansion drilling update

Figure 1 - Los Reyes Drill Program Progress_Jan 2025
Figure 1 - Los Reyes Drill Program Progress_Jan 2025


Z-T Trend Drill Hole Highlights – Tahonitas and Zapote1

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