3,000 m reverse circulation program is designed to step along strike and down dip from the Phase 1 drill intercepts to expand the shallow, broad, bulk tonnage gold-silver mineralization discovered.
"With the surplus capacity at our Libertad mill we are now turning our attention to EBP, which represents an excellent opportunity to develop another new high-grade ‘Mining Spoke’, delivering potential lower cost production increases and extending processing life at Libertad.”
Gold and Silver had a good week on the back of higher CPI inflation data and a marginal fall in the 10yr yields. The lack of follow-through on Friday among the gold stocks, which could portend a retracement in the near term.
The gold miners’ stocks remain undervalued, strong buys fundamentally. Their stock prices are too low relative to both underlying corporate profitability and prevailing gold prices.
Companies started to report Q1 production results in what was otherwise a quiet week. Gold and silver prices saw nice rebounds, but it is unlikely we have resumed the uptrend.
