- Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million March 31, 2020
- Excellon Reports 2019 Annual and Fourth Quarter Financial Results March 31, 2020
- GoGold Completes Commissioning of SART Plant at Parral March 31, 2020
- Discovery Provides Further Update on Covid-19 Response March 31, 2020
- Sierra Metals Increases Mineral Resources Versus its December 2019 Announcement and Updates the Mineral Reserve Estimate for its Bolivar Mine, Mexico March 31, 2020
- Tocvan Announces 2020 Field Program Commences at the Pilar Gold-Silver Project in Sonora, Mexico March 30, 2020
- Great Panther Files NI 43-101 Technical Reports on the Guanajuato Mine Complex March 30, 2020
- Great Panther Reports Fiscal Year 2019 Financial Results March 30, 2020
- Harvest Gold Announces Termination of Option Agreement March 30, 2020
- Torex Gold Provides Notice Of First Quarter 2020 Financial Results As Well As Update On Filing Of Annual Information Form March 30, 2020
- MAG Silver Reports 2019 Annual Results March 30, 2020
- Millrock and Resolution Announce Temporary Suspension of Drill Campaign On Aurora Target, West Pogo Block, 64North Gold Project, Alaska March 30, 2020
“Our team at Parral has successfully adapted agglomerated heap leaching to old mined waste at Parral, and the SART is a further optimization of this innovation. The operation produces low cost gold and silver ounces while providing environmental remediation for the town of Parral. We see this expertise which we’ve developed over the last 6 years of operation as a real asset to the Company that may be applicable to the millions of tonnes of mined waste in Mexico and beyond,” said Brad Langille, President and CEO.
Sierra Metals Increases Mineral Resources Versus its December 2019 Announcement and Updates the Mineral Reserve Estimate for its Bolivar Mine, Mexico
Igor Gonzales, President and CEO of Sierra Metals Inc. commented: “We are excited about the significant increase in Bolivar’s mineral resources from additional work completed in the past three months, since our year-end 2019 mineral resource update.
TMC Exploration has been retained to undertake the multiple-task geophysical survey. Work has begun as of March 21. The results will be combined with multiple other distinct surveys.
Phase II drilling has advanced steadily since November 2019 and now totals 24 holes for a cumulative 6,955 metres. At this point, the Company has decided to pause drilling until a time where it feels it is safe and appropriate to resume amid the COVID-19 global pandemic. Drilling activities have ceased, core splitting and sampling of final holes was completed late last week. Drill equipment is being stored on site, awaiting restart order in the coming months. At this time, the Company wishes to recognize the pro-active support and understanding being provided by drilling contractor, Globexplore Drilling Corp. during this pause in work.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “This transaction is in line with our growth strategy and vision of becoming a leading mining company controlling the most important silver-gold assets in the Rosario mining district, Mexico.”
Orex’s President, Gary Cope said “We are very pleased that we have finalized this new joint venture arrangement, which allows Orex and Pan American to continue the advancement of the Sandra-Escobar project, previously initiated in our joint venture with Canasil Resources Inc.”.
Evrim Resources Corp. announces that it has terminated the option agreement with Harvest Gold Corporation on the Cerro Cascaron project in southwestern Chihuahua, Mexico. Evrim and Harvest Gold Corporation completed two seasons of exploration and ten diamond drill holes at Cerro Cascaron. Drilling results included 20.10 grams per tonne gold and 22.5 g/t silver over one metre in drill hole SPT18-01 at the Serpiente Dorada prospect, and 5.39 g/t gold and 23.7 g/t silver over 0.35 metres in SPED19-02 at the San Pedro prospect. These results and extensive areas of gold-silver showings at lower elevations have not been followed up or tested by drilling.
“At San Jose, upgrading through infill drilling proved more challenging, as mining is transitioning from the central Stockwork zone to the Trinidad North area where mineralization tends to be narrower and more variable in nature. As the mineralization style changes, the operation is implementing various initiatives, such as pillar recovery and narrow vein mining methods, to optimize mineral extraction.”
“We are pleased to complete the sale of Red Lake to a highly respected and responsible operator in Evolution. The transaction provides us ongoing exposure to future exploration upside, whilst we remain focused on our diverse global portfolio of 12 managed operations and two joint ventures, which includes eight world-class assets,” said Tom Palmer, President and Chief Executive Officer.
“Both the Platosa Mine and Miguel Auza Mill realized record production tonnage during 2019,” stated Brendan Cahill, President and CEO.
Discovery Metals Corp. announces that it has temporarily suspended all exploration activities at its Mexican operations due to the increased health and safety risks associated with the growing number of COVID-19 cases in the country.
The reports are titled “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, San Ignacio Mine, Guanajuato State, Mexico”, dated March 17, 2020, and “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato Mine, Guanajuato State, Mexico”, dated March 27, 2020.
“In 2019, Great Panther transformed into a growing, intermediate precious metals producer through the acquisition of Tucano, which increased production (on a gold equivalent basis) and revenue by 182% and 234%, respectively over 2018,” said Jeffrey Mason, Interim President and CEO, and Board Chair.
Harvest Gold Corporation announces that its option agreement on the Cerro Cascaron project in southwestern Chihuahua, Mexico entered into with Evrim Resources Corp. has been terminated.