“Sailfish had a great Q3 2021 highlighted by the receipt of 360 ounces of gold from the gold stream equivalent to a 3% NSR on the San Albino gold mine.”
Ridgestone Mining Inc. is pleased to announce it has received all of the requisite permits for a maiden drill program on the El Cobre copper target at it’s wholly-owned Rebeico copper-gold project in Sonora, Mexico.
Aztec Minerals Corp. announces that it has closed the final tranche of its oversubscribed CAD$1.6 million private placement equity financing.
Capitan Mining Inc. is pleased to report results for five reverse-circulation drill holes from the Capitan oxide-gold deposit, at its 100%-owned Peñoles project in Durango, Mexico.
James Anderson, Chairman & CEO, stated, “The continued financial backing of our largest shareholder and of our metals trading service partner is a major endorsement regarding the quality of our projects and the ability of our management team to execute.”
Allen Palmiere, President and Chief Executive Officer of the Company, commented, “I would like to thank Aquila shareholders for their strong support of the Transaction.
Brasiles potentially represents the northern extension of the mineralization in the Santo Tomas North Zone and is comprised of two very broad, sub-parallel, exploration targets. The drilling at Brasiles is supported from the Company’s new 28-person Brasiles exploration camp and its custom-built Hydracore 5000 Max diamond drill.
“With these final drill holes, we’ve reached the data cut-off for our initial Los Ricos North mineral resource estimate, which we expect to release shortly. While the data cut-off for the resources has been hit, the drills continue to progress on the next 100,000 metres which is budgeted for the Los Ricos district through 2022,” said Brad Langille, President and CEO.
Rodrigo Barbosa, President & CEO, comments: “Our 2021 production guidance indicates an increase of nearly 30% compared to 2020, which confirms our solid and consistent plan to double our production by 2024. As we continue working to improve our current operations to continue growing in 2022, we recently published Matupa’s PEA which now enters its licensing and engineering processes with an aim to start construction in 2023. In addition, we expect Almas to start production in early 2023.”
“This is an excellent result for our maiden mineral resource estimate (MRE) from the first 14 months of drilling in the Copalquin District with a single diamond core drill rig. The maiden MRE is robust and high-grade using a cut- off grade (2.0g/t AuEq*) appropriate for underground mining, demonstrating the economic potential for our first target area in the district and advancing Mithril’s goal to become a highly profitable gold-silver producer from high- grade resources.”
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