Month: August 2020

Silver Bull Provides Update On The Sierra Mojada Project

Tim Barry, President, CEO and director of Silver Bull states, “We are extremely disappointed to see Mineros Norteños have filed an appeal against the third favorable ruling the Company has received on the frivolous law suit they filed back in 2014. The last favorable ruling was delivered to us in March of this year, but unfortunately due to the rapid spread of the Corona Virus in Mexico, the court system in Mexico has been shut down until very recently, which has caused a significant delay in potentially settling this case once and for all. Should Mineros Norteños lose this appeal then Silver Bull will win the case outright.

Redstar Gold Corp. Announces Board Changes

Redstar’s new CEO, Charles Funk added: “Closing the recently announced C$7,000,000 financing and completing the Heliodor acquisition gears the new company for a very active 2020. Drilling will commence in a little over a week at Unga and exploration programs are being prepared for Mexico later this year which will provide consistent newsflow as we demonstrate the significant potential of our portfolio. Redstar has a bright future and I’m excited to be leading this initiative.”

Xtierra to Re-Assess Bilbao with Increased Silver Prices

“The Bilbao project has historically been challenged by relatively low tonnage and low silver prices, however, with the much improved outlook for silver prices, approaching the level estimated in the PEA, combined with the 2010-2013 drill results which outlined the potential to expand tonnage and the unexplored high grade silver vein systems, the time is right to attract an operating producer with the experience to take the deposit to the next level.”

Vizsla Makes Third Discovery, Drilling 1,019 g/t Silver Equiv. Over 2.5 Metres at Papayo, 1 Km North of Napoleon Discovery at Panuco, Mexico

Vizsla President and CEO, Michael Konnert, commented: “I am very pleased to announce that we have made a new, high-grade discovery a kilometre north from the original discovery at Napoleon. To have hit a high-grade discovery on the first hole at Papayo is a clear demonstration of the scale and potential of both the Napoleon Vein Corridor and the Panuco district.”

Discovery Reports Q2 2020 Operating & Financial Results

Discovery is focused on advancing our 100%-owned flagship Cordero project in Chihuahua State, Mexico. The 35,000-hectare Cordero property covers a sizeable district that hosts a very large known silver resource as well as numerous exploration targets for bulk tonnage diatreme-hosted, porphyry style deposits and also carbonate replacement deposits.

Tarachi Gold Begins 5,000 Metre Diamond Drilling Program at the Tarachi Gold Project in Sonora, Mexico

“Drilling is the most exciting phase of mineral exploration and the Company is looking forward to developing its understanding of the gold zones along strike and to depth and the potential in discovering new zones. The Company’s recent geological and structural mapping and rock sampling program has provided new interpretations to the controls of the gold mineralization in several prospects which will greatly aid our drilling program towards success,” commented CEO Lorne Warner.

SilverCrest Announces Acquisition of El Picacho Property Near Las Chispas

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We first looked at acquiring Picacho in 2016, after the sale of SilverCrest Mines Inc. (SilverCrest’s predecessor) in 2015, as a continuation of our regional exploration program on search of a new district containing multiple precious metal epithermal veins. After 4 years of patience, we have now acquired the next district. The most historic prominent vein in the district, El Picacho Vein, can be easily accessed by a 4 metre by 4 metre underground decline which visually shows the vein underground as approximately 6 metres wide with historic grades and SilverCrest recent sampling results ranging from 350 to 1,000 gpt silver equivalent.”

IMPACT Silver Announces Q2 Financial & Production Results; Adjusted EBITDA of $0.48 Million on $2.84 Million Revenue Despite COVID-19 Related Shutdown

Fred Davidson, President & CEO of IMPACT, stated, “At the outset of the COVID19 pandemic we were all faced with an uncertainty and potential prolonged catastrophic shutdown if the virus spread. I would like to commend our operation staff on an effective social distancing practice in limiting COVID19 to zero cases Zacualpan mining district and contributed significantly in being able to recommence operations in a timely manner.”

Orogen Options the Sarape Gold Project to Hochschild

“Hochschild has considerable experience in the Americas and we welcome their expertise in advancing exploration on Orogen’s Sarape gold project. The Sarape project is a low sulphidation epithermal gold target located in the same valley as Premier Gold’s Mercedes mine, SilverCrest’s Las Chispas project and First Majestic’s Santa Elena and Ermitaño mines.”

Sonoro Metals Announces Corporate Update

Sonoro Metals Corp. is pleased to announce that the Board of Directors has approved the change of the Company’s name from “Sonoro Metals Corp.” to “Sonoro Gold Corp.”, subject to the approval of the TSX Venture Exchange, which will better reflect the Company’s future business interests.

Silver Viper Discovers a New, Broad Zone of Mineralization at El Rubi

Silver Viper’s President and CEO Steve Cope states, “We are extremely pleased to see the second of our scissor holes at El Rubi intercept a long run of mineralization, starting at a depth of 75 metres down hole. The hole was designed to intercept thin but often high-grade stringers we have seen in the footwall of the El Rubi structure. While not unexpected, the length of this interval reached 110 metres of gold-silver mineralization which is a very positive result. This discovery requires rigorous and extensive follow up, but it appears to support our belief that the western zone could reveal itself as a significant part of the El Rubi story.”

Golden Minerals Drills 24m Grading 6.7 g/t Au at its Rodeo Gold Project, Durango, Mexico

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We continue to intersect thick intervals of near-surface, high-grade gold mineralization at Rodeo. The results of this infill drilling program are showing an improvement in gold grades on average compared to previous drill hole results. This further supports our plan to develop the project and process this high-grade material in our oxide plant at Velardeña.”

Silver Spruce Grants Stock Options

Silver Spruce Resources Inc. announced today that it has granted 300,000 stock options to its CFO, Camilla Cormier, with an exercise price of $0.05 per share and an expiry date of August 26, 2025.

Mithril Hits Bonanza Gold and Silver Grades at Copalquin Project

“We are extremely pleased to have intersected the high grade La Soledad vein with the first drill hole of the program and excited to report these bonanza grades for both gold and silver. The second hole located part of the old workings and also returned an excellent intersection from the footwall of the vein.”

Teck Announces Dividend

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on September 30, 2020, to shareholders of record at the close of business on September 15, 2020.

Experienced Newmont Leader Appointed at Peñasquito

Newmont Corporation announced today that Bernard Wessels has been appointed General Manager of the Peñasquito mine, replacing Jim Cooper. Jim Cooper’s employment with Newmont has been terminated with immediate effect for violations of Newmont’s Code of Conduct while working for the Company in Australia.

VVC Announces New Private Placement

Net proceeds of the Financing, after paying the general costs of the issue and the cash portion of the Finder’s Fee, will be used will be used as needed for (a) development on the Kaity Property in Chihuahua, Mexico, including costs associated with various permits, metallurgical bench testing of the copper mineralization, and investigation, evaluation and implementation of the Gloria Pilot Mining Project, (b) option payments in Mexico, (c) current accounts payable, (d) general administrative expenses, and (e) working capital.

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