VanGold Mining would like to acknowledge and congratulate Country Manager Gerardo Dorado Cantu for having been appointed President of the Guanajuato chapter of The College of Mining Engineers, Metallurgists and Geologists of Mexico (El Colegio de Ingenieros de Minas, Metalurgistas y Geólogos de México A.C.), or CIMMGM. The association is over 70 years old with over 100 active members.
“During the quarter, higher production rates along with improved metal prices and the recent investment by Eric Sprott resulted in significant growth of our treasury to $232 million at quarter end,” said Keith Neumeyer, President and CEO.
Ruben Padilla, CEO of Sable stated, “Osisko’s decision to exercise their option to acquire a second 1% NSR clearly demonstrates the confidence of this leading mid-tier royalty company in Sable’s capability to find new ore deposits.”
Dale Verran, CEO for Fortune Bay, commented, “The exploration drill targets identified to date represent an exciting opportunity to expand the mineral resources at both the Box and Athona deposits.”
Telson’s President/CEO Ralph Shearing stated, “On behalf of Telson’s Board of Directors, I am incredibly pleased to welcome Mr. Ruben Alvidrez Ortega to the Company’s board of directors. Ruben is a member of the prominent Alvidrez Mexican mining family with members holding current and past senior executive positions within Fresnillo and Penoles.”
Prime Mining Corp. is pleased to announce effective October 1, 2020 the appointment of Kerry Sparkes as Executive Vice President-Exploration, replacing Greg Liller who relinquishes his role as Chief Operating Officer but remains as technical advisor.
“We are very pleased by these high-grade silver results from the Promontorio Vein, historically the second largest producer at Alamos. These results confirm that mining stopped in mineralization and that it continues to depth,” stated Darrell Rader, President and CEO of Minaurum.
During this quarter, the Rainy River Mine delivered another strong quarter of operational and technical performance. Mine operations ramped up towards the 2021 target capacity of approximately 150,000 tonnes per day and the mill delivered a record of 27,000 tonnes per day, reaching the maximum monthly average throughput allowable under the existing mill permit.
“Silver Spruce Resources is excited to add Greg as the Company’s Vice-President, Exploration. I have known him for several years and find his experience, judgement and ethics to be of the highest order. He brings considerable expertise as we advance our projects in Ontario and Mexico,” said Dr. Brian Penney – Chairman & CEO.
Comet Resources has wasted no time at its Santa Teresa gold project in Mexico, unveiling a high-grade maiden resource for the project, tipping the scales at 369,000 tonnes at an impressive 7.47 g/t gold. This initial estimate perhaps understates the potential of the deposit which hosts a wealth of high-grade intercepts and has only been drilled to 300m depth.
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