Latest drilling results Are quite good. looks like they are adding a lot more, a lot. Huge potential here from all depostis, particulary from Timmins. If the new gold/silver bull market starts soon, this company could have massive upside,.. realy, realy massive. Everywhere they drilled, they ended up with good results. This company might end up being massive.
Tahoe is well positioned to fund its growth initiatives moving forward.
Holes completed from an underground drill platform on the 910 Level targeted the area between the 1,315 (bottom of current resource) and 1,465 levels. Results from drilling between the 1,315 and 1,365 levels immediately below the Timmins Deposit resource include: 2.5m @ 12.07 g/t Au, 2.0m @ 6.46 g/t Au and 6.1m @ 3.22 g/t Au. Significant deeper intercepts between the 1,356 and 1,465 metre levels include: 3.7m @ 24.13 g/t Au, 1.3m @ 12.24 g/t Au, 2.3m @ 6.19 g/t Au, 4.0m @ 5.05 g/t Au, 0.8m @ 138.0 g/t Au, 6.2m @ 4.83 g/t Au and 1.5m @ 10.64 g/t Au.
Ron Clayton, President and CEO of Tahoe commented: "Tahoe's strategy is to obtain and develop 'tip of the iceberg' assets that have considerable potential for growth and value creation. Our progress in executing this plan is clearly demonstrated in our 2016 exploration results, which include the identification of significant new areas of gold mineralization at our Shahuindo mine in Peru and at multiple targets in our Timmins portfolio. We also succeeded in extending silver mineralization at Escobal into the deep Gap zone target. We are encouraged by today's results, which could lead to the addition of substantial new resources and support increased mine life and higher production levels.