Day: February 26, 2020

Avino Reports Q4 and Year End 2019 Financial Results

David Wolfin, President and CEO commented, “We can describe 2019 as a transitional year for Avino. The transition began with the winding down and ultimately the stoppage of mining at San Gonzalo during the fourth quarter of 2019. The San Gonzalo mine, which began commercial production in 2012, outperformed its 5-year mine life by exceeding that timeline by two years and produced 6 million silver equivalent ounces at an average cash cost under $10 per silver equivalent ounce.”

Silver Viper Continue to Intercept High-Grade Gold and Silver at El Rubi

Silver Viper’s President and CEO Steve Cope states, “The intercepts from El Rubi continue to show a highly encouraging trend of stronger mineralized widths and grades as we progress northward and to depth. We are excited about the commencement of a second drill on the property which will be positioned to evaluate additional prospect areas along the trend and adjacent to El Rubi.”

Sonoro Plans Expanded Drill Program at Cerro Caliche

Sonoro Metals Corp. announces the completion of a comprehensive technical assessment on the 17 zones of gold mineralization identified to date at its Cerro Caliche project in Sonora, Mexico. The purpose of the assessment was to evaluate the potential for a material increase in the current 201,000 oz AuEq resource as well as the potential to delineate further resources throughout the mineralized zones. A program combining reverse circulation and core drilling for up to 50,000 meters of drilling will be carried out in several phases.

Minera Alamos Receives Shareholder Approval for Final Phase of Santana Project Financing; Outlines Upcoming Conference Participation

“We would like to thank our shareholders for supporting the finance and royalty agreements with Osisko that provide the Company with all the capital necessary to advance the Santana gold project through to its first anticipated production. As Minera graduates from gold developer to gold producer in 2020 we are grateful for the ongoing support of Osisko and all our shareholders.” Stated Doug Ramshaw, President, Minera Alamos Inc.

GoGold Intersects 17.3m at 317 g/t Silver Equivalent at Los Ricos South Project

“We are drilling these short holes in order to obtain assay information on the upper 100m portion of the Los Ricos vein that forms the face of the el Abra hill. This part of the deposit has not been drilled in the past and is essential to complete these drill holes for estimating the resource,” said Brad Langille, President and CEO.

Evrim Resources’ Ermitaño Royalty Update

“We are pleased to see First Majestic’s effort and commitment to complete the underground development in 2020,” commented Evrim President and CEO, Paddy Nicol. “Evrim holds two royalties (Ermitaño and Cumobabi) in the vicinity of the Santa Elena mine and we see a bright future for the mine and our interests. We are very excited about the prospect of receiving our first ever royalty payments in 2021 upon the commencement of commercial production at Ermitaño.”

Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.