Month: July 2021

Excellon Reports Second Quarter 2021 Financial Results

“We realized another good quarter at Platosa, with financial results partially impacted by delayed processing and delivery of ore and concentrate at the quarter-end by weather conditions,” stated Brendan Cahill, President and CEO.

Barksdale Provides Debt Update

The TSX Venture Exchange is still reviewing the filing documentation pertaining to an assignment of debt and security agreement dated May 11, 2021 between the Company, Denman Island Chocolate Ltd. (Daniel Terry) and Regal Resources Inc., whereby the Company can acquire 100% of the Assignor’s interest in a series of loan agreements between the Assignor and Regal.

Oroco Announces the Start of Drilling at Santo Tomas

“We are extremely pleased to be able to initiate a new generation of drilling at Santo Tomas at a time when the acceleration of large copper projects is essential for global economic growth and stability. We are anxious to confirm and extend the historical resources at the North and South Zones, and to commence exploration at the Brasiles Zone, where our 3D DCIP program indicated extensive and compelling chargeability features.”

Canasil Reports Positive Progress On 2021 Drill Program at the Nora Silver-Gold-Copper-Zinc-Lead Project in Durango State, Mexico

Canasil President and CEO, Bahman Yamini commented; ”The positive progress with the 2021 drill program at the Nora project and quick completion of successive drill holes is encouraging and a credit to the drill contractors and our operating team. The Candy vein structure is being intersected as projected in every drill hole and we look forward to the results from these drill holes.”

Santacruz Silver Reports Q2 2021 Production of 799,057 Silver Equivalent Ounces

Carlos Silva, Santacruz’s CEO, stated, “At Zimapan we continue to execute on our strategy of increasing the tonnage mined from the Lomo del Toro mineralized zone and we are now starting to see the benefits of blending this mineralized material with that from the Carrizal and Monte mines. We have also completed adjustments to the milling facility which have improved the operation of the crushing and filtration circuits.”

Riverside Resources Drills New Gold Vein System Developing an Updated Exploration Model at the Cuarentas Project in Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude: “We are excited to receive the new and first ever drill assay results from the Santa Rosalia Sur target area which begins to outline a strong drill target area at the Cuarentas Project. We are optimistic that with just one initial hole the campaign has encountered two vein areas wide open at strike and depth to continue seemingly above a degassing Laramide porphyry Cu-Au center.”

Starcore Reports Year End 2021 Results

“We end the year with strong earnings from mining operations of $6.4million and net income of $0.06 per share, thanks to the cost savings measures implemented 6 quarters ago and to our steady production,” reported Robert Eadie, President and C.E.O. “We start the next fiscal year with strong cash reserves and are looking to expand our resources through exploration and acquisitions.”

Comet Resources – Quarterly Activities Report – June 2021

Matthew O’Kane, Managing Director of Comet Resources, commented “It’s been another busy quarter for the Company, with drilling works at Santa Teresa, graphite test work ongoing at Springdale and further M&A activities bringing in the new NT assets, and the potential acquisition of a complimentary gold project in Mexico. We will be focussing our efforts for the next quarter on continued drilling in Mexico and the graphite test work in Germany, as well as completion of the due diligence process on La Sorpresa III. We look forward to sharing the results from our exploration and metallurgical test work programs as soon as they are available.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.