El presidente de México, Andrés Manuel López Obrador, dijo el miércoles que está dispuesto a tomar acciones legales, incluida la revocación de una concesión, contra dos mineras canadienses que operan en el país y a las que acusa de violar la ley en una disputa fiscal y en un conflicto sindical.
The vein intercepts in these drill holes confirmed that the La Esperanza vein can be located along strike and to depth as projected. The drill defined mineralized envelope, below the 150-metre strike length surface outcrop of the vein, has now been extended from 425 m to 525 m along strike (+23.5%). The southeast depth extent has increased from 250 m to 350 m (+40%), resulting in an overall increase of the mineralized envelope by 73%.
“The recently announced sale of our non-core asset, the Toiyabe property in Nevada, will provide further working capital to explore and develop our Mexican properties in order to find new opportunities and continue to extend the San Martin mine life.”
The Company is doubling the size of the current drilling program on the Cerro Las Minitas Ag-Pb-Zn project from an initial 10,000 metre program to a 20,000 metre program. Drilling will continue with two drills targeting the east side of the Cerro where to date three near-surface sulphide lenses with Bonanza-grades of silver have been identified. Shallow oxide Au-Ag mineralization has also been confirmed in the Mina La Bocona area. Mineralization in all of these new target areas is separate from the existing mineral resources.
Gold mineralization is hosted by stock works of quartz and quartz carbonate veins formed by conjugate sets of veins striking northeast and northwest. These stock working veins form zones that range in apparent width, from a scale of one meter to over 30 meters.
Empress Royalty Corp. is pleased to announce that due to significant demand, the Company has increased the gross proceeds of the previously announced bought deal public offering from C$12 million to C$15 million.
In addition to targeting resource confirmation and upgrade through the current re-sampling and metallurgical work, there is also potential to significantly enhance the deposit through drilling. The Panuco deposit is open at depth and along strike. With a deep understanding of the geological structure and mineralization at Zacatecas, an extensive drill program is designed to expand the resource at Panuco as well as target high-grade silver at El Cristo and other key targets.
“Coming out of the suspension in Q2 2020, we turned the operation around, improving productivity and reducing costs – though concentrate treatment charges remained high and a strain on cash flow. But 2020 set the stage for what we believe will be a new year full of resource growth and discovery, as we advance and commence drilling programs on almost all of our projects.”
VanGold Mining Corp is pleased to announce it has signed a definitive asset purchase agreement with Endeavour Silver Corp. to acquire the El Cubo mine and mill complex located 8km by road northeast of the Company’s El Pinguico silver-gold project near the city of Guanajuato, Mexico.
“The Casados deposit is exceeding our expectations in both the width of the structures and the grade. These holes drilled at Casados are some of the best grades and widths we’ve seen and are below the previous limited mining which went down to 160m,” said Brad Langille, President and CEO.
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