08:19 AM EST, 02/19/2025 (MT Newswires) -- Prime Mining ( PRMNF ) on Wednesday announced plans to continue with technical de-risking of its Los Reyes gold-silver project located in Sinaloa, Mexico.

The company also announced that drilling was temporarily suspended due to recent events in Sinaloa but does not anticipate any changes to the 2025 outlook.

Prime Mining ( PRMNF ) expects to continue success-based approach to drilling in 2025, with an initial program of 40,000 metres to further identify new prospects on the property. PRYM will continue the successful geological mapping and geochemical sampling programs, to identify both extensions to known structures and further discovery areas.

The company plans to work toward a preliminary economic assessment, further refining the metallurgical, geotechnical, mine planning and development parameters for project development. It also plans to continue to engage with and support local communities through educational, community and environmental programming, access road improvements and infrastructure development.

Prime Mining's ( PRMNF ) 2025 exploration drilling will focus on extending the high-grade Z-T Area shoots that remain open at depth, as well as along strike, both north and south, and expanding the known high-grade mineralization at Guadalupe East.

The 2025 drilling will also focus on increasing the Central Area resource through additions at Noche Buena and its connection to San Miguel East, and generative target drilling of high-grade intercepts at Las Primas, Fresnillo and Mariposa.

"Prime is well-funded for our upcoming programs with approximately $19 million in cash, unaudited, as at December 31, 2024 and approximately $19 million of in-the-money warrants and options that we anticipate will fund us through the end of 2025 and well into 2026," said Prime Mining ( PRMNF ) Chief Executive Scott Hicks.