The company is working towards a bulk tonnage resource for the project.

Americas Gold and Silver has been embroiled in a labor dispute at the San Rafael mine.

Three drill rigs are operating under the protection of Colombian police and the military following an operation that apprehended several people extracting gold illegally at the site.

The project was previously explored by BHP and Newmont.

Eric Sprott invested, and the company has 19,338 acres in the Fresnillo Silver Belt.

The holes were drilled as part of a 30,000-metre program and are expected to “positively impact” existing resources by growing the indicated inventory.

Resource estimates have been released for the Spout and G1 carbonate replacement deposits.