Managing Director, Tony James commented, “Record underground development in November with delivery of the first 9,000t of ore to the ROM pad along with successful plant commissioning to date puts Abra on the verge of a quick transition into production. Recruitment and other operational readiness activities are well advanced in preparation for January production”.
Figure 1 – First material being tipped into the crusher during commissioning (Photo 26 November).
Figure 2 – Crushing and screening plant commissioning (Photo 26 November).
The following link will show a short video of the Abra crusher commissioning. https://youtube.com/shorts/iSG58MiW_3o
Update on Abra Project progress
Overall progress continues as planned, with first concentrate production expected in Q1 CY2023, following ore commissioning in January 2023. Practical completion of the processing plant is now expected ahead of schedule in December 2022. The processing plant engineering, procurement and construction has reached 99% complete. Piping and electrical works have made significant progress and at the end of November were 96% and 92% complete, respectively. Mechanical items installation is almost complete at 99%.
In November, the first material was crushed and screened as part of the staged commissioning process. The crushing plant ran at design capacity and all commissioning milestones were successfully achieved. Dry commissioning also progressed in most areas of the plant including water and air services, tailings and concentrate thickening, grinding and reagents. Dry commissioning of the remaining areas will be completed in December. Water commissioning commenced in the tailings and concentrate thickening areas of the plant and the remaining areas are expected to be wet commissioned by the end of December. The remaining commissioning schedule is unchanged from the last update and is shown below in Table 1.
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Previously reported intercept of 162 g/t Ag, 15.5% Pb and 4.1% Zn over 3 metres interpreted to be the extension of the Curlew Vein from the Blackhawk Mine
Silver Dollar Resources Inc. (CSE: SLV) (OTCQX: SLVDF) (FSE: 4YW) ("Silver Dollar" or the "Company") is pleased to report geologic modeling results correlating to the recently reported near-surface drilling discoveries at the Ranger-Page Project located in northern Idaho's prolific Coeur d'Alene Mining District.
Figure 1: Plan map showing faults, veins and drill pad locations from Phase-1 exploration at Ranger-Page, including the east extension of the Curlew Vein.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Figure-1_Exploration-Update.jpg
Curlew Vein Extension
Geologic modeling of Silver Dollar's phase-1 exploration drilling results indicate that the Curlew Vein extends east from the Blackhawk Mine into the vicinity of the Wyoming Complex (Figure 1). The structural complexity of the area was likely the reason the Wyoming Complex proved to be a challenge for past producers on the property. Phase-1 drilling discovered mineralization in the footwall of the 96 Fault, which was the primary structure worked at the Wyoming Complex. Silver Dollar believes this footwall mineralization is the Curlew Vein and demonstrated its continuity between the Wyoming Complex and the Blackhawk Mine during Phase-1 exploration drilling (Figure 2).
Figure 2: Long section looking northeast showing the location of Phase-1 exploration drilling results relative to the Curlew Vein projection east from the Blackhawk Mine.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Figure-2_Exploration-Update.jpg
The planning of near-term exploration activities is ongoing and includes:
Blackhawk (Curlew Vein)
Drill planning is underway to expand the Curlew Vein along strike, up and down dip of the known extent of the Blackhawk Mine. Upper Curlew exploration is relatively inexpensive and can be done from drill pads requiring minimal effort to establish. Further success exploring the uppermost Curlew Vein could justify deep exploration below the Blackhawk mine, which can be done via deep surface drilling programs, or underground drill pad development. The next phase of drilling should focus on expanding mineral continuity between the Phase-1 drilling (Figure-2) and the Blackhawk mine to the west.
West Buckeye
The West Buckeye target is a prominent polarization anomaly identified during the ground IP survey completed in 2022 (Figure 3). The anomaly is significant because it has a 260-metre dip extension, and the same polarization and resistivity response as the Curlew Vein discovery between the Blackhawk Mine and the Wyoming Complex. To validate West Buckeye for drilling, Silver Dollar plans to complete a geochemical survey over the anomaly, update geologic mapping and develop a budget to drill the target. West Buckeye exploration efforts can begin later this spring when the snow has melted from the target area and access is re-established.
Figure 3: Plan view showing the location of the West Buckeye target and supporting polarization data.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Figure-3_Exploration-Update.jpg
Crown Point
Phase-1 Exploration drilling at Crown Point extended mineralization west of the historic mine workings by 100 metres (See news release of March 11, 2025). Geologic modeling, drilling, and trenching results indicate there are up to three veins present at Crown Point (Crown Point 1, 2 and 3 Veins) (Figure 4). Phase-1 drilling identified two of the three veins at Crown Point. To drill the third vein (Crown Point 3), a drilling platform to the south would be necessary. Exploration planning at Crown Point will focus on expanding the Crown Point veins down dip to the west, where the mineralization remains open for exploration drilling.
Figure 4: Plan view showing the projections (red) for Crown Point veins 1/2/3.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Figure-4_Exploration-Update.jpg
Omega and 85 Veins
The Omega and 85 Veins sit in the footwall of the Tony Vein, which was the primary ore host for the Page Mine. The Omega and 85 Veins were discovered below the 2,770 level of the Page Mine, and the up-dip extension of the veins have not been properly explored. Ongoing geologic modeling is expected to improve the vein projections of the Omega and 85 Veins, allowing Silver Dollar to prospect for the surface expression of the veins. If exploration work on this target is promising, Silver Dollar will include the Omega and 85 Veins in future exploration drill planning.
Figure 5: Plan map of the Page Mine area showing the surface projection of the Tony, Omega and 85 Veins, which have been underexplored near surface.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Figure-5_Exploration-Update.jpg
"Geologic modeling is providing a clearer understanding of our Phase-1 exploration drilling results at Ranger-Page and how they fit within the broader scope of the project," said Greg Lytle, president of Silver Dollar. "We are focused on carefully evaluating our targets to scale the project through continued success at the drill bit and delivering the best possible returns for our shareholders."
Qualified Person
Dale Moore, P.Geo., a Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical contents of this news release on behalf of the Company.
About the Ranger-Page Project
Located in a world-class silver district, the Ranger-Page land package covers six historic mines and is ideally situated near Interstate 90 with year-round access to power, water, local infrastructure and a workforce in the Silver Valley skilled in exploration and mining. The primary target areas are up and down plunge from historic underground mining, along strike where ground IP surveys have identified anomalies, and where surface trenching identified near surface mineralization. Additional exploration targets have also been identified away from historic mine infrastructure, using soil geochemical data, mapping, and ground IP survey data.
Figure 6: Ranger-Page claim groups, underground mine workings, and new target areas.
To view an enhanced version of this graphic, please visit:
https://silverdollarresources.com/images/Ranger-Page/Ranger-Page_Claims-Targets.jpg
About Silver Dollar Resources Inc.
Silver Dollar is a dynamic mineral exploration company focused on two of North America's premier mining regions: Idaho's prolific Silver Valley and the Durango-Zacatecas silver-gold belt. Our portfolio includes the advanced-stage Ranger-Page and La Joya projects, along with the early-stage Nora project. The Company's financial backers include renowned mining investor Eric Sprott, our largest shareholder. Silver Dollar's management team is committed to an aggressive growth strategy and is actively reviewing potential acquisitions with a focus on drill-ready projects in mining-friendly jurisdictions.
For additional information, you can download our latest presentation here and follow us on X here.
ON BEHALF OF THE BOARD
Signed "Gregory Lytle"
Gregory Lytle,
President & CEO
Silver Dollar Resources Inc.
Direct line: (604) 839-6946
Email: greg@silverdollarresources.com
179 - 2945 Jacklin Road, Suite 416
Victoria, BC, V9B 6J9
Forward-Looking Statements:
This news release may contain "forward-looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248639
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First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the release of its 2024 Sustainability Report and the mailing of its meeting materials for the Company's upcoming 2025 Annual General Meeting of Shareholders (the "2025 AGM").
2024 SUSTAINABILITY REPORT
The Company's 2024 Sustainability Report has been prepared primarily in alignment with the Sustainability Accounting Standards Board ("SASB") reporting standards, and summarizes the Company's sustainability-related performance for the 2024 calendar year.
Record Safety Performance: Achieved the Company's best health and safety performance on record, including a 48% annual reduction in TRIFR and 70% annual reduction in LTIFR.
Inclusive Excellence: Invested in our own employees' futures, recording 16 inter-company transfers, 67 promotions to higher roles, and providing 33% of our mine site employees with skills-based training.
Carbon Reduction: Reporting our lowest carbon footprint on record, achieving a 33% annual reduction in carbon footprint per tonne of ore processed, and a total reduction in our carbon footprint of 44% compared to the baseline set out in our first sustainability report in 2019.
Community Involvement: Partnered with our local communities on impactful projects, investing over US$1.2 million in our communities during 2024. Strong community support is reflected in an 89% annual reduction in community complaints and no community-related technical delays in 2024.
ESG Recognition: The Company continued its trend of improvement within sustainability ratings and rankings, and by the end of 2024, we placed in the top 20% of the mining industry as ranked by ISS ESG, the top 34% by S&P Global, the top 41% by Sustainalytics, and the top 42% by the London Stock Exchange Group.
The 2024 Sustainability Report provides shareholders and stakeholders of First Majestic an annual progress report against our public sustainability commitments. The Company is pleased to share that in 2024 we met all of our sustainability targets and commitments and achieved our best carbon footprint and health and safety performance on record.
"Sustainability and Accountability are two of our core values at First Majestic," said Keith Neumeyer, President & CEO of First Majestic. "Last year, we built on our long history of responsible management by further applying these values, publicly sharing with all stakeholders our commitments to excellence in eight sustainability topic areas. I am pleased to share that we have met our targets across all these areas. I applaud everyone at First Majestic for their ability to commit and deliver on these goals and look forward to continuing to report on our progress."
For further performance data and information about how First Majestic manages sustainability-related areas of its business, the 2024 Sustainability Report and accompanying documents are available on the Sustainability Report Hub of the Company's website at www.firstmajestic.com/sustainability/report-hub/.
2025 AGM INFORMATION
The Company's 2025 AGM will be held on Tuesday, May 20, 2025, at 10:00 a.m. (Pacific Time) at the offices of Bennett Jones LLP, located at Suite 2500 - 666 Burrard Street, Vancouver, British Columbia V6C 2X8.
As in prior years, the Company has adopted the notice and access model ("Notice and Access") under National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer for the delivery to shareholders of record as of March 31, 2025 (the "Record Date") of the Notice of Meeting, Management Information Circular, Form of Proxy or Voting Instruction Form (as applicable) and our audited financial statements and management's discussion and analysis for the year ended December 31, 2024 (collectively, the "Meeting Materials") in connection with the 2025 AGM.
Under Notice and Access, instead of receiving printed copies of the Meeting Materials, shareholders receive a Notice and Access notification containing details relating to the 2025 AGM such as the date, location and purpose, as well as information on how they can access the Meeting Materials electronically. Using the Notice and Access method allows us to deliver the Meeting Materials to our shareholders in a more environmentally friendly and sustainable way that helps reduce paper usage and our carbon footprint, and it reduces our printing and mailing costs. However, shareholders with existing instructions on their account to receive printed materials will receive a printed copy of the Meeting Materials, and any other shareholders who wish to receive a printed copy of the Meeting Materials may follow the instructions set out in the Notice and Access notification that they will receive.
The Company has retained Kingsdale Advisors to assist anyone who is a First Majestic shareholder as of the Record Date with voting their shares. Once you have received the Meeting Materials in the mail, if you need assistance with voting your First Majestic shares, please reach out to Kingsdale Advisors by telephone at 1-866-851-3214 (toll-free in North America) or 1-647-577-3635 (text and call enabled outside of North America), or by e-mail at contactus@kingsdaleadvisors.com.
The Meeting Materials for the 2025 AGM may be found at the following website: www.FirstMajesticAGM.com. Please review the Meeting Materials for instructions relating to voting your First Majestic shares. You may also access the Meeting Materials by scanning the QR code below with your smart device:
2025 AGM Materials QR code
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1475/248157_377317f064981a93_002full.jpg
The Company looks forward to the support of its shareholders at the 2025 AGM, and notes that management recommends that shareholders vote "FOR" all resolutions that are set out in the Meeting Materials.
ABOUT FIRST MAJESTIC
First Majestic is a publicly traded mining company focused on silver and gold production in Mexico and the United States. The Company presently owns and operates four producing underground mines in Mexico: the Cerro Los Gatos Silver Mine (the Company holds a 70% interest in the Los Gatos Joint Venture that owns and operates the mine), the Santa Elena Silver/Gold Mine, the San Dimas Silver/Gold Mine, and the La Encantada Silver Mine, as well as a portfolio of development and exploration assets, including the Jerritt Canyon Gold project located in northeastern Nevada, U.S.A.
First Majestic is proud to own and operate its own minting facility, First Mint, LLC, and to offer a portion of its silver production for sale to the public. Bars, ingots, coins and medallions are available for purchase online at www.firstmint.com, at some of the lowest premiums available.
For further information, contact info@firstmajestic.com, visit our website at www.firstmajestic.com or call our toll free number 1.866.529.2807.
Keith Neumeyer, President & CEO
Cautionary Note Regarding Forward Looking Statements
This news release contains "forward‐looking information" and "forward-looking statements" under applicable Canadian and United States securities laws (collectively, "forward‐looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements with respect to: the time and place of the 2025 AGM. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are discussed in the section entitled "Description of the Business - Risk Factors" in the Company's most recent Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission on EDGAR at www.sec.gov/edgar.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248157
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