Prime Mining announces selection of Ausenco to lead PEA study work

Prime Mining (PRMNF) has selected Ausenco Engineering Canada ULC to lead the study work for a Preliminary Economic Assessment on its wholly-owned Los Reyes gold-silver project located in Sinaloa State, Mexico. The Company is targeting the delivery of a PEA reflecting a high return, high margin, low capital and long-life project at Los Reyes. The PEA will be based on drilling to the end of 2024 and incorporate the extensive technical work completed to-date. Since acquiring Los Reyes in 2019, Prime has spent more than $64 million on direct exploration activities and has completed over 221,000 metres of drilling. The PEA is targeted for completion in Q3 2025.