Significant Growth At The Galena Complex From Exploration Results
TORONTO - Americas Gold and Silver Corporation reported on exploration results at the Galena Complex and the significant growth of the recently discovered high-grade 034 Vein. Americas is also pleased to announce the appointment of Tara Hassan to its Board of Directors.
Paul Huet, Chairman & CEO, said, "The recent discovery of the high-grade 034 Vein is a strong example of the continued prospectivity within our Galena mine Complex. The 034 Vein has continued to grow in both strike and depth with ongoing drilling efforts outlining a high-grade silver, copper and antimony zone. The Vein, which remains open, has thus far has been drilled off along a 90 metre strike length over a 100-metre vertical extent. The successful drilling campaign has outlined a zone that offers near-term mining potential and a boost to robust grades in silver-copper zones already being mined. This discovery aligns perfectly with our strategic focus on increasing production using targeted exploration drilling to support our efforts in improving productivities and materials handling capacity throughout the mine.
We are also delighted to welcome Tara Hassan to our Board of Directors and look forward to her contributions to the Company. Tara is well recognized for her success and is an experienced leader in the mining industry. With our focus on scaling production and reducing costs at our mining operations while increasing our market presence, Tara's insights and experience will provide valuable guidance as we work to grow the business to create shareholder value.
I am also encouraged by our rapid progress in upgrading our mining fleet to improve material movement underground. A delivery of two 20T trucks and three new LHDs (two 4yd and one 2yd), one of several planned equipment upgrades this year, has arrived at site in Galena. The mobile equipment is currently being disassembled to be taken down our No. 3 shaft ahead of being reassembled to head to our mining fronts. This is a big step forward for Galena and our strategy to improve efficiencies, reduce costs and boost tonnes mined underground."