Day: May 25, 2020

Drilling Continues to Expand Down-Dip, High-Grade Silver Mineralization at Candelaria, Nevada

Silver One’s President and CEO, Greg Crowe commented “The results received continue demonstrating the persistence of higher-grade silver mineralization at depth. We are encouraged by the high silver grades encountered between the Mount Diablo and Northern Belle, as they indicate that clusters of higher-grade silver mineralization occur within an area covering a potential strike length of over 1,500 meters.”

Canasil Grants Options and Welcomes Dr. David Terry as Advisor to the Board

Bahman Yamini, President and CEO of Canasil, commented; “On behalf of the Board, I would like to welcome David Terry as an advisor. We look forward to his collaboration and input; he has extensive experience in Mexico and in Canada, and is well positioned to contribute effectively to advancing our projects.”

Tarachi Gold Corp. – Announces Closing of Non-Brokered Private Placement

The Company intends to use the proceeds from the Private Placement for exploration of the Company’s portfolio of resource properties in Mexico and for general working capital. Exploration work will consist of additional geochemical, geological survey work, environmental studies and drilling permit applications in order to commence diamond drilling this summer.

Sierra Metals Provides COVID-19 Update for its Operations in Peru and Mexico

The Company is currently recalling employees from the Bolivar Mine to begin a COVID-19 screening process, including a quarantine period, allowing the Company to be ready to commence mining activities on June 1, 2020. The Cusi Mine, as previously discussed in the May 13, 2020 press release, remains in care and maintenance.

IMPACT Silver Announces Q1 Financial & Production Results Earns EBITDA of $0.5 Million on $3.4 Million Revenue

Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2020 we saw first hand the leverage that silver prices have had in reacting to broad market malaise and quantitative easing globally. Staying with the disciplined operational control we set in place to survive the difficult low silver prices stretch for the last 6 years, we are now seeing dividends from our efforts. I would like to thank our stakeholders, investors, and staff for your continued trust and dedication in building IMPACT Silver as one of the purest silver producers.”

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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.