Mitre Mining Corporation Limited (ASX: $MMC) Announcement

Mitre Mining Corporation Limited (ASX: $MMC) has announced the discovery of high-grade silver-gold veins at its Cerro Bayo Silver-Gold project in Chile. The rock chip assays have returned spectacular results, with the potential for substantial resource growth. The company is targeting two resource updates in the coming months, reflecting its strategy for rapid resource growth.

Executive Commentary

Mitre CEO Tim Laneyrie stated, 'The discovery of the Guanaco vein swarm means we continue to establish an exceptional pipeline of drill targets and areas of known mineralization. These areas will underpin targeted ongoing resource updates as we calculate estimates using a combination of historic drilling results and those generated from our own drilling programs, which are now progressing rapidly with a second rig about to arrive on site. Over the next six months or so, we expect to deliver two resource updates and ongoing assays as part of our strategy to achieve substantial and rapid resource growth.'

Summary of Mitre Mining Corporation Announcement

Mitre Mining Corporation Limited (ASX: $MMC) has made a significant discovery of high-grade silver-gold veins at its Cerro Bayo Silver-Gold project in Chile. The company's CEO, Tim Laneyrie, highlighted the establishment of an exceptional pipeline of drill targets and areas of known mineralization, which will support targeted ongoing resource updates. Mitre Mining Corporation is aiming for rapid resource growth, with two resource updates and ongoing assays expected in the next six months. The company's aggressive drilling program and commitment to resource growth and value addition through exploration activities reflect its ambitious corporate strategy.