McEwen Mining: Q2 2020 Production and Exploration Results
July 16, 2020
McEwen Mining Inc. reports consolidated production for Q2 2020 was 15,700 gold ounces and 359,400 silver ounces.
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McEwen Mining Inc. reports consolidated production for Q2 2020 was 15,700 gold ounces and 359,400 silver ounces.
Jorge A. Ganoza, President, CEO and Director, commented, “The successful commissioning of the primary and secondary crushing circuits and the start of stacking ore on the heap leach pad are key and much awaited milestones at Lindero.”
Mammoth Resources Corp. would like to announce that following the filing yesterday of its audited year-end January 31, 2020 financial statements and MD&A, such delay in filing which occurred under the exemption granted on March 18, 2020 by Canadian securities regulatory authorities which provided coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic; Ontario Securities Commission Instrument 51-502 Temporary Exemption, that following this filing, the previous voluntary Management Cease Trade Order originally announced on May 29, 2020, has been lifted regarding the filing of these year-end audited statements.
Greg Crowe, President and CEO commented: “This is the third time Eric Sprott has taken a position in the company. We are very appreciative of his ongoing support. With a treasury of over C$ 14 million, Silver One is very well positioned to advance its 3 high-priority silver projects in Nevada and Arizona. Exploration programs are being planned and should commence in the coming weeks.”
Telson Mining Corporation is pleased to announce that it has closed the non-brokered private placement as announced July 02, 2020. The fully subscribed Private Placement has closed with the Company issuing 13,996,145 units (the “Units”) at a price of $0.10 per Unit for gross proceeds of $1,399,615.
Proceeds of the financing will be used primarily to expand and diversify Xtierra’s royalty portfolio into Canada, the United States and other mining friendly jurisdictions.
“We are excited to begin stepping out from our numerous Phase I Drilling discoveries. Phase I confirmed our geological model, proved that Alamos is a silver district and generated a significant inventory of high-grade vein targets for Phase II drilling,” stated Darrell Rader, President and CEO of Minaurum.
Mr. Jonathan George, CEO, commented “We are very pleased that all three of these holes intersected multiple runs of elevated copper and visible chalcopyrite over tens of metres of length down-hole from the reported, near-surface significant results.”
Preliminary second quarter production from the Company’s Oaxaca Mining Unit totaled 2,441 ounces of gold, 185,330 ounces of silver, 246 tonnes of copper, 1,140 tonnes of lead and 3,004 tonnes of zinc.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are very pleased with the progress of our exploration program at both the Plomosas and San Marcial Projects. At Plomosas we have not only 6 areas already drilled where we are initiating surface drilling to expand mineralized zones along strike but also 11 very promising priority exploration targets with evidence of veining.”
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