Month: January 2021

Fresnillo plc Firma Acuerdo con Ayuntamiento

La empresa minera Fresnillo plc, por medio de proyecto Juanicipio, firmó un convenio con el ayuntamiento de Fresnillo, para apoyar de manera directa a familias de las localidades de México Nuevo, Carrillo, así como emprendedores que deseen establecer su propio negocio.

Sierra Metals Comments on Distribution of Sierra Shares

In view of the ongoing strategic review process announced by Sierra on January 8, 2021, the Company confirms that the strategic review process continues to have the full support of its Board of Directors, management team, Arias Resource Capital Fund II L.P. (now the Company’s largest shareholder) and Arias Resource Capital Fund II (Mexico) L.P.

Southern Silver Extends Oxide-Gold and Sulphide Zones at Cerro Las Minitas with 6.1 Metres Averaging 344g/t Ag, 5.7% Pb and 3.9% Zn (728g/t AgEq) and 1.0 Metre Grading 1070g/t Ag, 23.3% Pb and 3.2% Zn (1,937g/t AgEq)

President Lawrence Page, Q. C. noted: “The present mineral resource estimate is based upon results derived from drill holes situate on the West side of the Cerro. Results from seventeen drill holes located on the East side of the Cerro, many containing high-grade mineralization, are not included in the 2019 Resource Estimate. Drilling currently being conducted on the east side of the Cerro is producing significant values of both oxide and sulphide mineralization, the results of which, together with results of the seventeen drill holes previously drilled, will be incorporated into an updated 43-101 Mineral Resource Estimate leading to further economic assessment studies incorporating all data later in 2021.”

GR Silver Mining Appoints Dr. Honza Catchpole as VP Exploration

GR Silver Mining President and CEO, Marcio Fonseca, commented, “we are very excited to have attracted a highly qualified geoscientist with extensive experience in large polymetallic silver mining districts and all key stages of successful exploration programs to join GR Silver Mining in Mexico. Dr. Catchpole’s knowledge and experience working in Latin America’s world class mining districts is a valuable component for the upcoming exploration program in our projects.”

Silver Tiger Makes New Discovery of the Benjamin Vein Intersecting 1,310 g/t AgEq Over 3.0 Meters Within 5.5 Meters Grading 732 g/t AgEq

“Intersecting this wide zone of high-grade precious metals in the newly discovered Benjamin Vein with the first 3 holes ever drilled in it is very encouraging. We will be aggressively following up on this discovery as we resumed drilling last week post-Christmas shutdown. I am confident this will be the first of many new discoveries in the Historic El Tigre District.”

Minaurum Renegotiates Terms of Biricu Gold Project

“We would like to thank the Royalty Holder for working with us to improve the viability of the Biricu project,” stated Darrell Rader, President and CEO of Minaurum. “We look forward to unlocking the value of our significant but undervalued holdings located in the heart of the Guerrero Gold Belt.”

Chesapeake Gold Completes Acquisition of Alderley Gold Corp. Appointments of Directors and Officers

With the acquisition of Alderley, Chesapeake gains access to an innovative precious metals oxidation processing technology together with certain asset rights and proprietary databases, creating the path towards a new growth oriented and innovative gold and silver producer. Chesapeake will now focus on progressing the Metates project towards production using the Technology in a heap leach operation.

GoGold Announces NPV of US$295M for Los Ricos South PEA

“The acquisition of the Los Ricos district, only 22 months ago in March 2019, has proven to be a tremendous catalyst of growth for GoGold,” said Brad Langille, President and CEO. “More importantly, this has been accomplished with the first of many targets in the Los Ricos district. This PEA demonstrates the strong economics of the district which will continue to expand as we drill additional targets.”

Premier Reports Fourth Quarter and Full Year 2020 Production

“South Arturo exceeded expectations in 2020 with a winning track record of performance versus plan, and our operations team at Mercedes have defined higher grade resources and executed a revised higher-margin mine plan that has the mine poised for continued success.”

Tocvan Adds Depth to Management Team

Derek Wood CEO commented “This addition to the Tocvan Team I regard as a major benefit to Tocvan Ventures Corp. Mr. Calles-Montijo’s experience and network within the Mexican mining sector will be of great benefit as we continue to advance the Pilar property, while researching, evaluating and negotiating additional Mexican opportunities.”

Sonoro Announces Final Assay Results From 2020 Drilling Program

Kenneth MacLeod, Sonoro’s President and CEO, added, “I am very happy to report at the conclusion of the 2020 drilling program that the program’s goals, as they relate to the overall development of production at Cerro Caliche, have been achieved and that the entire campaign to begin gold production at Cerro Caliche remains on track.”

Brigadier Intercepts 9.49 g/t Gold and 24 g/t Ag across 3 Metres at Picachos

Ranjeet Sundher, President and CEO, also comments “We are impressed with the speed in which Michelle and her team is de-risking the Picachos Project and increasingly demonstrating its regional scale potential. With just a small portion of the asset explored to date, I’m looking forward to keeping shareholders abreast as we aggressively move forward to further define the Colomeca Vein System while also commencing examination of the large copper-molybdenum porphyry target located on the northern part of the Property.”

Osisko Development Provides Corporate Update

At the San Antonio Gold Project, we have completed the engineering and permitting to process the gold mineralized stockpile via heap leaching. 35,000 meters exploration and infill drill program of the Sapuchi, Golfo de Oro and California Projects have been planned. We have established an initial exploration budget of approximately US$6 million for 2021.

Vizsla Expands Napoleon Further Towards Surface, to Depth and to the North at Panuco Project, Mexico

Vizsla President and CEO, Michael Konnert, commented: “We continue to grow the area of mineralization at the Napoleon discovery in all directions with drilling. We are particularly encouraged with the wide zones remaining open in the deepest drilling. The greater Napoleon corridor has significant potential, and the Company continues to expand both the Napoleon zone and the Papayo zone and is adding rigs to systematically explore the entire 2.7 kilometre long vein corridor. Vizsla is well-funded as it continues its aggressive exploration of the Panuco district.”

Capstone Advances Two Operational Growth Projects to Sustain 200 Mlbs Copper Production Starting in 2022

“This is the first year of a multi-year growth phase for Capstone that will target 40% higher production with 15% lower costs by 2022, compared to last year’s guidance,” said Darren Pylot, President and CEO. “In the coming weeks, we will close the $150 million silver stream announced last month with Wheaton Precious Metals and it will allow Capstone to become debt free in 2021, while operating in this strong copper price environment.”

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