Month: October 2020

Prime Mining Reports Results of Guadalupe East Sampling at Los Reyes Continue to Demonstrate Resource Expansion Potential

Prime Mining’s Chief Executive Officer Daniel Kunz commented, “These trench and adit sampling results provide yet more insight for drill hole targeting as we prepare for the upcoming 10,000 m core drilling program. Drilling in areas that exhibit resource expansion potential is a top priority of our initial program together with deeper drilling to look at the possibility of more mineralization below the current known resource.”

Auxico Resources Closes Private Placement of $2,788,000

The net proceeds of the private placement will be used to begin trading of tantalum and niobium-bearing ores from the Democratic Republic of the Congo, Brazil and Colombia, as well as for general working capital purposes.

Santacruz Silver Produces 977,679 Silver Equivalent Ounces in the Third Quarter

Mr. Carlos Silva, CEO, stated; “During Q2 2020 when operations were suspended due to the Mexican Ministry of Health’s federal decree, we took the opportunity to make certain structural and management adjustments. As demonstrated by our third quarter results, these adjustments positioned us for improved performance.”

Candelaria Announces Board and Management Changes, Signs Definitive Agreement to Acquire Interest in Bolnisi Gold and Copper Project

Candelaria Mining Corp. is pleased to announce that Mr. Mike Struthers has agreed to be appointed as Chief Executive Officer as part of a transaction to acquire the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia. In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the Company’s Board of Directors. Candelaria is also pleased to announce that Dr. Neil O’Brien will join the Candelaria board as a director.

Mexus Recovery Efforts At Santa Elena Mine Progressing; Build Out Of Heap Leach Pad On Track

“I want to remind Mexus shareholders that we are entering into a period where three different gold recovery systems will be operational. In the near term we have the screen wash high-grade chloride material being processed. The company will also have its new heap leach pad in place and will be running high grade quartz material through our ball mill system.” added Mexus CEO Paul Thompson.

Alien Metals – M&A update on Mexico Silver Projects and award of new licence adjacent to world class Citronen Zinc-Lead deposit, Greenland

“The Company and its advisers continue to assess new projects and identified an opportunity to secure an exploration footprint in northern Greenland on strike and adjacent to the world class undeveloped Citronen zinc-lead project. Greenland is known for its low-sovereign risk, prospective geology and great potential in the resource sector.”

Capstone Files Technical Report with Updated Reserves for Cozamin

Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” for the updated Proven and Probable Mineral Reserves and positive results announced on September 9, 2020.

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