The new discovery is part of an ongoing drill program at the company’s Los Reyes gold-silver project in Mexico.

Phase I of the drill program, now complete, included 74 holes totalling 15,061 metres of drilling.

At the Mina Area, drilling intersected gold and silver in six holes, including

• 44 g/t gold and 1,060.1 g/t silver over 7.5 metres from 142.5 metres downhole;
• 3,243 g/t silver over 1.15 metres from 81.7 metres downhole;
• 45 g/t gold and 29.3 g/t silver over 3.7 metres from 91 metres downhole; and
• 72 g/t gold and 29.6 g/t silver over 3.85 metres from 23.7 metres downhole

Daniel Kunz, Prime Mining CEO, commented on the results.

“We are extremely excited about this early-stage grassroots discovery at Mina, an area of limited historic small-scale mining we found during our regional mapping program,” he said.

“We still need to define the nature of mineralization, orientation and structural controls,” he added, “but are highly encouraged by indications of multiple phases of mineralization present at Mina.”

Mina represents an entirely new area within Los Reyes that was unknown prior to the company’s ongoing regional mapping program.

Surface mapping continues and is successfully defining more nearby areas of significant interest at Los Reyes including Mariposa, El Tule, Mirodor, Altamira, Las Palmitas, Las Cantanos and others.

Prime Mining is engaged in the acquisition, exploration, and development of mineral resource properties, primarily targeting high-value and specialty metals.

Prime Mining Corp. (PRYM) is up 1.50 per cent and trading at $4.06 per share as of 3:43 pm ET.