VANCOUVER - First Majestic Silver Corp. (NYSE: NYSE:AG) (TSX: FR) (FSE: FMV), commonly referred to as "First Majestic" or "the Company," has announced significant silver and gold mineralization findings from its 2023 exploration programs at the San Dimas, Santa Elena, and Jerritt Canyon properties.
The exploration efforts, aimed at locating new mineral targets and upgrading resource classifications, yielded positive results across several veins and targets. At San Dimas, the drilling has tested new veins such as Peggy and extended known mineralization in the Perez, Santa Teresa, and Rosario veins. Santa Elena's infill drilling intersected high-grade mineralization within the Ermitaño vein, and Jerritt Canyon's follow-up drilling on the Javelin target has potentially identified a new gold mineralized zone.
Keith Neumeyer, President & CEO of First Majestic, expressed optimism about the drilling outcomes, stating that these results lay the groundwork for the year-end update of Mineral Resource and Mineral Reserve estimates, expected by the end of March.
Some of the highlighted intercepts from the drilling program include 40.40 grams per tonne (g/t) gold and 2,092 g/t silver over 0.91 meters at San Dimas, and 20.95 g/t gold & 311 g/t silver over 4.88 meters at Santa Elena. At Jerritt Canyon, an intercept of 12.04 g/t gold over 25.9 meters was reported.
The Company follows industry-standard Quality Assurance and Quality Control (QA/QC) protocols, with samples analyzed at First Majestic's Central Laboratory (ISO 9001-2015) and SGS in Durango, Mexico (ISO/IEC 17025:2017).
First Majestic is a mining company focused on silver and gold production primarily in Mexico and the United States, with a portfolio of development and exploration assets. The Company is also set to commence bullion production from its minting facility, First Mint, LLC, in Q1 2024.
This report is based on a press release statement and includes forward-looking statements regarding the Company's exploration programs and resource estimates. These statements are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements due to a variety of factors.
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