- Diamond Drilling and Modern Mud Systems February 24, 2020
- Radius Gold and Pan American Silver include 800 ha Palmillas Properties within the Amalia Gold-Silver JV in Chihuahua, Mexico February 24, 2020
- First Majestic Announces High-Grade Drill Results from its 2019 Exploration Program at the Ermitaño project within the Santa Elena Land Package February 24, 2020
- Argonaut Gold Announces Fourth Quarter and Full Year Financial and Operating Results, Provides 2020 Production, Cost and Capital Guidance February 24, 2020
- Excellon Resources to Acquire Otis Gold Creating a New Multi-asset Precious Metals Company February 24, 2020
- Juanicipio Project Update February 24, 2020
- Mako Closes US$15,150,000 Term Loan February 21, 2020
- Aztec Minerals Arranges CAD$430,000 Private Placement Financing February 21, 2020
- Discovery Metals Receives TSX Venture 50 Award February 21, 2020
- Teck Reports Unaudited Annual and Fourth Quarter Results for 2019 February 20, 2020
- Ridgestone Mining Closes First Tranche Of Private Placement Financing February 20, 2020
- MINERAL ID: New field spectrometers from Spectral Evolution February 20, 2020
Radius Gold and Pan American Silver include 800 ha Palmillas Properties within the Amalia Gold-Silver JV in Chihuahua, Mexico
Radius Gold Inc. is pleased to report that Pan American Silver Corp. has elected to exercise a right to include the 800ha Palmillas Properties within the Amalia Project joint venture. The Palmillas Properties host multiple exploration targets, including high-grade silver-gold mineralization, outcropping 1.8km northwest along strike from the drill defined high-grade zone at San Pedro.
First Majestic Announces High-Grade Drill Results from its 2019 Exploration Program at the Ermitaño project within the Santa Elena Land Package
“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results.”
Octavio Alvídrez, Chief Executive Officer of Fresnillo plc, said: “Juanicipio is an outstanding project which will generate strong returns for our shareholders, and significant benefits to the region. We continue to de-risk and refine the best construction plan that will drive the most value and ensure we capitalise on the opportunity that Juanicipio presents. I am pleased to confirm we are accelerating development of the underground mine and as a result, I expect the mine will be producing silver and gold ahead of schedule in 2020.”
“We have a strategic plan for the Los Ricos district which includes consolidation of concessions and drilling for ounces. With the completion of the latest concession acquisitions and our financing, we will be adding drill rigs and accelerating our exploration to showcase the Los Ricos district to be one of the most prospective in Mexico” said Brad Langille, President and CEO.
Mexican Gold Re-commences Field Operations at Its Flagship Las Minas Project and Announces the Termination of the Business Combination With New Found Gold
Mexican Gold is preparing for an upcoming drill program to follow-up the discovery of a high-grade gold occurrence in a previously unexplored area near the Cinco Senores prospect where the Company intersected 21.37 g/t gold over 2m and 8.94 g/t gold within the entire 5.2m altered zone in hole LM-19-CS-13.
Colibri Resource Corporation is pleased to announce that it has received the required drilling permits from SEMERNAT (Mexico Secretariat of Environment and Natural Resources) for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca Mexico.
Commander Resources Ltd. is pleased to report results from a 70 line kilometre Induced Polarization survey completed at the Company’s Pedro Gold project in late 2019. The Pedro property is located 100 Km from Torreon, Mexico in the northeastern part of the State of Durango and approximately 30 km west of the town of Mapimi. The wholly owned 1,750 ha property was acquired directly by Commander in 2016 from Bearing Lithium.
Kootenay Silver Inc. is pleased to announce the commencement of a 7,000-meter Phase II core drilling program following up on high grade results from the 2019 campaign at the Columba silver project in Chihuahua State, Mexico.
Argonaut Gold Announces Fourth Quarter and Full Year Financial and Operating Results, Provides 2020 Production, Cost and Capital Guidance
Pete Dougherty, President and CEO stated: “During 2019, we increased our consolidated Mineral Reserves by 48%, GEO production by 13% and grew our net cash position by over $26 million.”
Excellon President & CEO Brendan Cahill stated: “The acquisition of Otis Gold represents an exceptional opportunity to further Excellon’s vision of creating wealth. We believe that we are at the dawn of a new bull market in precious metals. The Kilgore deposit multiplies our resource base and increases our precious metal exposure from approximately fifty percent to over ninety percent.”
The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona, complete the joint venture agreement for the Cervantes Porphyry gold-copper project in Mexico, and for general working capital purposes.
Taj Singh, President and CEO, states: “2019 was a transformative year for Discovery owing to the acquisition of the Cordero project mid-year. We are very pleased that the work we have done post-acquisition in conjunction with a strengthening silver price has translated to strong market performance culminating in being named to the Venture 50.”
“Ongoing global economic uncertainty negatively impacted commodity prices in the fourth quarter and that has continued into 2020, exacerbated by the effect on markets from the Coronavirus and the impact of severe weather conditions in British Columbia, followed by blockades on rail lines,” said Don Lindsay, President and CEO.