Golden Tag Resources applies for permits to quadruple the drill pads at its San Diego project in Mexico

Golden Tag Resources Ltd said it is in the permitting process with the Secretaria de Medio Ambiente y Recursos Naturales to quadruple the number of allowable drill pads from 14 to 58 on the company’s 100% owned San Diego project in Mexico. Golden Tag noted it is increasing the number of drill pads due to successes from its recent 4500 metre (m) exploration campaign, which included an intersection of 105.77 grams per tonne (g/t) silver equivalent over 116.45m.   The company added the extra drill pads are necessary to determine the full extent of the geologic endowment at San Diego. READ: Golden Tag Resources reports encouraging drill results from Fernandez zone at San Diego project, Mexico Golden Tag said it anticipates receiving required approvals during the third quarter of this year, however due to the coronavirus (COVID-19) restrictions imposed by the government of Mexico, the exact timing is uncertain. In the meantime, Major Drilling has retained most of its key equipment on site and expects to deliver a new drill to the project in September 2021. Toronto-based Golden Tag Resources considers San Diego to be one of Mexico’s largest undeveloped silver assets, with an estimated indicated resource of 31.6 million silver ounces at an average grade of 60 g/t and 438 million pounds of zinc, along with an inferred silver resource of 83.8 million ounces at 62 g/t and 1.2 billion pounds of zinc. The resource estimate, completed in 2013, is based on 59 holes totalling 33,000m. Contact Sean at sean@proactiveinvestors.com