Higher grades and wider widths. Assay results were received for the first three holes, along with partial results for the fourth, from the initial Phase 2 infill drill holes in the Northwest Vein Corridor (NWC) of the Abriaqui gold project. Drilling intersected a new high grade vein called Cascada which returned 1.3 meters grading 23.23 grams of gold per tonne and is part of a newly defined trend of at least 4 new veins. Three main veins in the northwest corridor revealed an increase in average grade and thickness.Increasing resource potential expectations. Based on a small sample of drilling data from the Phase 1 drilling program, management estimated resource potential of 1.6 million to 2.4 million gold ounces. The company's current resource model, incorporates only 4 of the 120 mapped veins on the project. Following the Phase 2 program, formal resource-definition drilling may begin in the NWC to define a maiden resource on up to ten veins compared to the four that are currently being modeled.Rating is Outperform. To date, the company's exploration and drilling activities have focused on the northern group of concessions and so only a small portion of the project area has been explored and drill tested. While still early, we think the project could develop into a multi-million-ounce gold resource. Phase 2 drilling will continue with at least two or more infill holes in the NWC, one infill hole in the East-West Vein Corridor (EWC), and 4 to 5 holes in the prospective southeast license area. The program is expected to continue into the first calendar quarter of 2022. Read More >>