- GCM Mining Corp. (GCM) has reported multiple high-grade intercepts at its Segovia Operations from its 2021 drilling programs
- The new drill results will be incorporated in a mineral reserve and resource update
- Segovia operations continue to demonstrate itself as a “world-class system”, both in terms of its size and high grades
- For 2022, GCM is continuing its exploration campaign at Segovia with another 91,000 metres of drilling
- GCM Mining Corp. (GCM) is up 0.87 per cent trading at $5.80 per share as of 12:02 p.m. ET
GCM Mining Corp. (GCM) has found multiple high-grade intercepts at its Segovia Operations from its 2021 in-mine and near-mine drilling programs.
The new drill results will be incorporated in the company’s annual mineral reserve and resource update to be announced later this month.
Segovia operations continue to demonstrate itself as a “world-class system”, both in terms of its size and high grades.
The in-mine and near-mine drilling campaigns were complemented 196 diamond drill holes totalling 33,471 metres in an ongoing underground in-fill drilling campaign, primarily at the El Silencio Mine, which focused on resource definition within the underground mine developments.
The company’s exploration model and understanding of the local vein systems led to the discovery of the 1040 Vein at the El Silencio Mine in 2021 which shows potential to add substantial resources and increase the mine life.
In addition, brownfield drilling on the Marmajito Vein has shown multiple high-grade intersections, which reinforces the potential of this vein by being able to take advantage of its proximity to the Providencia Mine’s infrastructure.
In 2022, GCM will continue its exploration campaign at Segovia with another 91,000 metres of drilling at its producing mines and high-priority brownfield targets.
GCM Mining Corp. (GCM) is up 0.87 per cent trading at $5.80 per share as of 12:02 p.m. ET.
