Mr. Daniel Earle, President & CEO, commented, “We are very proud to have the continued support of Lundin among our strategic shareholders. The Lundin brand is renowned for environmentally and socially responsible resource development in Ecuador, an approach wholly embraced by Solaris.
The Company has began drilling with one drill rig at the La Trini target, which is included in the Los Ricos North project. The first holes will be drilled using HQ triple tube core drilling equipment to maximize core recoveries at shallow depths and are being laid out to ‘twin’ historical drill holes completed by Tumi Resources and National Lead.
“This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs,” said Keith Neumeyer, President and CEO of First Majestic Silver.
Brad Mercer, SVP Exploration and Operations said, “Since the Resource stated in the 2018 Technical Report, our exploration team has drilled 108,000 meters within a budget of US$10 million. This new Resource Estimate has exceeded our expectation to upgrade Vein 20, the principal zone in the MNFWZ, to Indicated Class, previously estimated as Inferred in 2018.”
Pete Dougherty, President & CEO stated: “Magino is truly a valuable and strategic asset given existing project infrastructure, the already-known mineral endowment of the orebody and the existing exploration potential, its location within the mining-friendly jurisdiction of Ontario, Canada and its proximity to other strong cash flowing operations such as the Island Gold mine.”
“We are very pleased to acquire El Mezquite in a very productive, mining-friendly region. The Company is quickly reviewing the geological database and developing exploration plans to earn its 50% interest in Yaque,” stated Greg Davison, PGeo, Director and QP of Silver Spruce.
Placement of 190.0 million Shares to raise $0.57 million on the same terms as the recently completed Entitlement Issue.
“We are pleased to be debt free again and can now direct our positive cash flow to improving production at the San Martin mine,” stated Robert Eadie, CEO and President.
The Board of Directors have appointed Ms. Ana Lopez as a Director of the Company effective June 9, 2020.
Kootenay Silver Inc. announces its partner on the Cervantes project, Aztec Minerals Corp. has provided an updated review in anticipation of signing the joint venture agreement and developing the first joint venture exploration program.
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