The company announced the results from an eight-holes drilling program that has extended the Papayo zone.

The company hit a high-grade discovery, showing the grade and potential of Sinaloa’s Panuco district.

The Panuco project is the consolidation of a district-scale land package, comparable in size and geology to First Majestic’s San Dimas mine.

High-grade results support the understanding that the Napoleon vein system remains open trending north-south and at depth.