“2019 was not only a record gold production year for Gold Resource Corporation, but the Company is well positioned to substantially increase our gold production profile further in 2020,” Gold Resource Corporation CEO and President, Mr. Jason Reid, stated.
“The majority of our past drilling has focussed on the historical mine at Los Ricos. The high grade hole 88 opens up what we believe is a new ore shoot to the northwest which we will continue to focus additional drilling. This drilling can potentially yield additional high grade intercepts which could be a bulk minable target,” said Brad Langille, President and CEO.
La canadiense Bacanora Minerals Ltd y Ganfeng Lithium Ltd, de origen chino, desarrollan lo que será la primera mina de litio en el país, proyecto donde invierten en su primera fase 420 millones de dólares y el cual comenzará a producir en 2022.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “With this first hole drilled into a large continuous chargeability anomaly (IP) we interpret this anomaly is caused by sulphides that carry precious and base metals. Each time we do additional geophysics and drilling we come to a better understanding of this widespread mineralizing structure with all the hallmarks of a long-lived system.”
Under the terms of the Amendment the Company is required to issue 1,700,000 common shares at a deemed price of $0.05 per share which 1,500,000 common shares are to be issued to ProDeMin and 200,000 common shares are to be issued to the land owners of the Cocula Project.
“For 2020, our focus remains on adopting new innovation projects to modernize our processing plants to achieve higher recoveries, improve efficiencies and reduce operating costs,” said Keith Neumeyer, President & CEO.
Highlights include the discovery of a new, high-grade gold occurrence in a previously unexplored area near the Cinco Senores prospect grading 21.37 g/t gold over 2m and 8.94 g/t gold within the entire 5.2m altered zone.
Mr. Rubenstein has served on numerous junior and major mining company boards during the last 38 years and has been actively engaged in the strategic, commercial, governance and government relations aspects affecting the acquisition, financing, exploration, permitting and development of several world class mining projects.
Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”
COO Greg Liller notes, “I am very pleased with the positive results of our surface sampling program. Prime continues to fill in gaps in the existing data base, expand the known limits of the mineralization in the open pit deposits and, most importantly, add shareholder value to the Los Reyes Gold Mine project. In the near term we plan on increasing this program to test previously undrilled exploration targets and add further value.”
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