Telson Mining Corporation announces that pursuant to its Stock Option Plan, it has granted stock options to certain directors, officers, and insiders of up to an aggregate 4,700,000 shares in the capital stock of the Company.
“The drill results on the first four holes are consistent with our expectations and demonstrating the continuity of the mineralization within the Victor vein which should improve the economics of the Bilbao deposit, especially with the much-improved outlook for silver prices, approaching the US$30 per ounce level.”
Barksdale Resources Corp. is pleased to announce the appointment of Ms. Pamela White as Corporate Secretary of Barksdale.
Zacatecas Silver Corp. is pleased to announce its common shares will commence trading on the TSX Venture Exchange on March 2, 2021 under the symbol “ZAC”.
Orla Mining Ltd. is pleased to announce that the approval from the Mexican Federal Competition Commission has been obtained and thus this condition precedent has now been satisfied. Accordingly, the Layback Agreement with Fresnillo plc regarding the Camino Rojo Oxide Gold Project has come into effect.
For the fourth quarter 2020, the Company reports record quarterly revenue of $100.8 million, adjusted net income of $20.8 million or adjusted earnings per basic share of $0.07 and net income of $18.0 million or earnings per basic share of $0.06, derived from the sale of 53,478 gold equivalent ounces which generated record quarterly cash flow before changes in working capital of $39.5 million.
Thomas A. Doyle, President, CEO, stated “We are very pleased that Alamos has informed us that it has started its field exploration programs on the Los Venados Project. With Alamos’ experience and geologic knowledge of the immediate area with a major gold mine, I look forward to their findings.”
“Initial drilling from the top of the Gap Zone has returned compelling high grade results,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “This sub-vertical structure connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further tonnage around known manto mineralization.”
Permitting applications are in progress for the drilling which are expected to take 3 to 4 months to receive. Permit applications are also being prepared for the reopening of the historical Hundida Mine and should take 6 to 10 months to receive.
Carlos Silva, CEO of Santacruz, commented; “The completion of this transaction and concurrent financing will be transformational for Santacruz and will mark the Company as an emerging mid-tier silver producer.”
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