Day: January 25, 2021

Magna Gold Corp. Clarifies Certain Technical Disclosure

Magna Gold Corp. announces that, as a result of a review by staff of the Ontario Securities Commission, it is issuing the following news release regarding the Company’s technical disclosure in respect of the Company’s Mercedes property.

VanGold Mining Increases Placement to $14,550,000

The Private Placement remains subject to acceptance of the TSX Venture Exchange and is expected to close immediately prior to or concurrent with the Company’s acquisition of the El Cubo mine and mill complex.

Gold Resource Corporation Reports 2020 Annual Gold and Silver Production

Allen Palmiere, President and CEO, said “Our Oaxaca Mining Unit delivered solid production results during a demanding 2020 amid the global pandemic. While COVID-19 is expected to remain a challenge in the short to medium term, our team has done an admirable job managing the situation. The Company finished the year with a strong balance sheet, including $25.4 million in cash, which provides us with flexibility as we move to reinvest capital in Mexico to increase the productivity and the life of the operations.”

Vizsla Extends Papayo Prospect to the South at Panuco Project, Mexico

Vizsla President and CEO, Michael Konnert, commented: “Papayo now extends over 240 meters of strike with two parallel veins containing mineralization and remains open. It is located approximately 1km north of the Napoleon discovery and is one of a number of targets along the vein corridor.”

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.