07:07 AM EST, 01/15/2025 (MT Newswires) -- Prime Mining ( PRMNF ) on Wednesday reported expansion drilling results from 2024 at the Z-T Trend and new Tahonitas Footwall discovery at the company's Los Reyes Project in Sinaloa State, Mexico.

The company reported 25 core holes at the Z-T Trend, 14 of which are from Tahonitas. Drilling at the southeast end of Tahonitas resulted in the discovery of a newly identified mineralized quartz vein in the footwall of the main Z-T structure. The company said this vein, defined by 24TA-144, -153, -154, -155, and -156, is host to a high-grade ore shoot which currently measures 260x140m and remains open at depth and along strike both to the southeast and to the northwest toward the 2024 MRE pit crest.

"The quality of the high-grade results from the new Tahonitas Footwall Zone in Z-T demonstrates the continued resource expansion potential beyond what has been included in the updated underground and open pit Mineral Resource Estimate," said Prime Mining ( PRMNF ) Chief Executive Scott Hicks. "The southern-most holes are over 650 meters south of the MRE pit crest and approximately 250 meters along strike from the southern-most stope. All intercepts in these highlight drill holes are less than 200 meters from surface and located south along strike and outside the resource pit crest, with potential for either open pit or underground extraction."

Prime Mining ( PRMNF ) added that six drill rigs are currently active on site at Los Reyes.

Shares of the company closed flat at $1.38 on Tuesday on the Toronto Stock Exchange.