The Company has contracted GlobeXplore, S.A. de C.V. of Hermosillo, Sonora, Mexico to conduct the drilling at Columba. Results of the drill program will be announced as soon as the assays are received and interpreted by the Company.
Despite repeated attempts by the Company to encourage the Government of Mexico to engage in good faith negotiations to resolve the dispute, the Government has refused to engage.
Advance Gold has the right to purchase 90% interest in 13 lithium-potassium-boron prospective salars in the states of Zacatecas and San Luis Potosi, Mexico from Hot Spring Mining a private Mexican company.
An aggregate of 38,333,334 Shares at a price of C$0.60 per Share for gross proceeds to the Company of approximately C$23 million were sold including 5,000,000 Shares for gross proceeds of approximately $3 million on the exercise in full of the over-allotment option granted by the Corporation to the syndicate of underwriters.
Orex’s President and CEO, Ben Whiting, said; “This is an excellent opportunity to consolidate the majority of the mineral district. There are multiple precious metal targets, as well as the existing Boleras Silver Deposit. We at Orex look forward to working with Pan American to advance the Sandra-Escobar Project.”
Vancouver, BC – Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) (“Gainey” or the “Company”) is pleased to report that, further to the corporate update provided
Total silver production remained broadly stable and within our guidance at 53.1 million ounces. The marginally lower production compared to 2019 was due to the Covid-19 preventive measures and a lower ore grade at Saucito, mitigated by a higher grade at San Julián Disseminated Ore Body and the processing of development ore from our new Juanicipio mine for the first time.
Silver Viper’s President and CEO Steve Cope states, “Hole LV21-289 really is an eye opener as to the ultimate potential of this project. Obviously, the presence of spectacular grades deep in the hole will grab the markets’ attention, but beyond that, it is the deepest and widest high-grade intercept to date on the El Rubi structure which is very encouraging.”
“While 2019 was operationally the most challenging in our 16-year history as a producing company, 2020 was perhaps one of the most satisfying. Notwithstanding a government mandated two-month suspension of mining operations due to the COVID pandemic, we delivered higher production and lower costs at each of our three operating mines in 2020.”
Es probable que el gran sector minero de México experimente cierta recuperación este año después de la caída inducida por la pandemia en 2020, pero un líder clave de la industria reveló que teme que el creciente riesgo político frene el repunte y las empresas concentren nuevas inversiones en otros lugares.
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