Immediately before completion of the Acquisition, the Company held no Shares. Following completion of the Acquisition, the Company held 17,097,500 Shares, representing 19.9% of the issued and outstanding Shares on a non-diluted basis.
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.”.
As a result of local government restrictions related to the COVID-19 pandemic, the Company has temporarily suspended mining activities for 15 days at the RDM Mine in Minas Gerais State, Brazil.
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.
Igor Gonzales, President, and CEO of Sierra Metals, commented, “A smaller workforce will be maintained to oversee critical aspects of the operation, with the primary goal of facilitating a quick and efficient ramp up back to normal levels once the regional situation improves and state of emergency is lifted. Our team continues to be focused on the health and safety of our workforce. The Company also expects the government processes related to permitting applications to be deferred during this state of emergency.”
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.
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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