The corporation also announces the resignation of Paul Bartos from its Board of Directors. The Board sincerely thanks Paul for his contributions during his tenure and wishes him the best in his endeavors.
Con 500 años de tradición, las minas de Pachuca nunca antes habían parado actividad por tanto tiempo como ocurre actualmente por la pandemia del Covid 19.
Mexico joins a growing list of jurisdictions that are beginning to open up to mining during the COVID-19 pandemic. Last month, companies similarly resumed mining operations in Quebec after the provincial government added mining to its list of essential activities following a three-week shutdown.
Discovery Metals Corp. announces that Mr. Jose Vizquerra has resigned as a director of the Company, effective immediately, so that he can focus his efforts on other professional commitments.
Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.
Dan O’Flaherty, CEO of Maverix, commented, “Despite global challenges due to COVID-19, Maverix had a strong start to the year, increasing our revenue and operating cash flow significantly by 64% and 128%, respectively, compared to Q1 2019. Our results demonstrate the strength of the diversified portfolio that we have established.”
The report, entitled “Preliminary Economic Assessment NI 43-101 Technical Report of the Velardeña Project, Durango State, Mexico” is dated May 8, 2020 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Tetra Tech.
CEO, Glenn Jessome, states, “We believe this name change more accurately reflects the Company’s evolution as an emerging high-grade silver deposit in Sonora, Mexico. The new Silver Tiger name pays homage to the property’s namesake historic El Tigre mine. The old El Tigre mine produced over 200 million silver equivalent ounces at an average grade of over 2 kgs per ton from 1903 to 1938.”
The accident occurred today at approximately 9.30am CDT in the Rayas underground mine at GMC.
The Company intends to use the proceeds from the Non-Brokered Private Placement for exploration of the Alamos Silver project and general working capital purposes.
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