“South Arturo exceeded expectations in 2020 with a winning track record of performance versus plan, and our operations team at Mercedes have defined higher grade resources and executed a revised higher-margin mine plan that has the mine poised for continued success.”
Derek Wood CEO commented “This addition to the Tocvan Team I regard as a major benefit to Tocvan Ventures Corp. Mr. Calles-Montijo’s experience and network within the Mexican mining sector will be of great benefit as we continue to advance the Pilar property, while researching, evaluating and negotiating additional Mexican opportunities.”
Megastar appoints two new members to its Board of Directors: Brian Ostroff and Mary Ellen Thorburn.
Angela Pankhurst, currently a non-executive Director, has been appointed as an Executive Director on a part time basis to assist and compliment the skills of the Managing Director and CFO.
Kenneth MacLeod, Sonoro’s President and CEO, added, “I am very happy to report at the conclusion of the 2020 drilling program that the program’s goals, as they relate to the overall development of production at Cerro Caliche, have been achieved and that the entire campaign to begin gold production at Cerro Caliche remains on track.”
Ranjeet Sundher, President and CEO, also comments “We are impressed with the speed in which Michelle and her team is de-risking the Picachos Project and increasingly demonstrating its regional scale potential. With just a small portion of the asset explored to date, I’m looking forward to keeping shareholders abreast as we aggressively move forward to further define the Colomeca Vein System while also commencing examination of the large copper-molybdenum porphyry target located on the northern part of the Property.”
The Brownfields exploration program budget for 2021 at the San Jose Mine is US$10.9 million, which includes 33,800 meters of diamond drilling and 1,770 meters of underground development for drilling access, platforms, and services.
At the San Antonio Gold Project, we have completed the engineering and permitting to process the gold mineralized stockpile via heap leaching. 35,000 meters exploration and infill drill program of the Sapuchi, Golfo de Oro and California Projects have been planned. We have established an initial exploration budget of approximately US$6 million for 2021.
Vizsla President and CEO, Michael Konnert, commented: “We continue to grow the area of mineralization at the Napoleon discovery in all directions with drilling. We are particularly encouraged with the wide zones remaining open in the deepest drilling. The greater Napoleon corridor has significant potential, and the Company continues to expand both the Napoleon zone and the Papayo zone and is adding rigs to systematically explore the entire 2.7 kilometre long vein corridor. Vizsla is well-funded as it continues its aggressive exploration of the Panuco district.”
Pete Dougherty, President and CEO stated: “2020 was a spectacular year for Argonaut, as we completed a merger, saw the conclusion of Schedule 2 amendment and executed on a financing plan for Magino’s development and achieved record quarterly production in our most recent quarter.”
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