Year: 2021

Xali Gold Submits Exploration Permit Application and Plans Drill Program for El Dorado

Xali Gold Corp. is pleased to advise that exploration permit applications have been submitted for the El Dorado Gold-Silver Project, located in Nayarit State, Mexico. Based on the new 3D model, which identified high-grade mineralization occurring in multiple parallel veins at a spacing close enough to potentially access several veins through common development workings, a drill program with a minimum of 2000 meters is planned for Q4 2021/Q1 2022.

Spike in COVID-19 Cases at Gold Resource Corporation’s Don David Gold Mine Necessitates Temporary Ramp Down of Certain Activities

Gold Resource Corporation considers the health and safety of its workers and host communities a fundamental priority of the Company’s operations. Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three days, the number of individuals in isolation at the Don David Gold Mine has climbed to 102, stretching our camp and extra accommodations in the local communities to the limit.

Almaden Adopts Human Rights Policy

Duane Poliquin, Chairman of Almaden, stated “Almaden has a demonstrable and long-standing commitment to conducting its business in a manner which promotes the quality of life of local people. However, as the Ixtaca project advances, so does its potential to impact human rights both directly and indirectly.”

Last Chance? Gold’s Correction Likely Presents a Buying Opportunity

After a declining US $42 Friday at US $1764, on Sunday approximately 24,000 gold futures contracts with a notional value of approximately US $4 billion were sold in what was predictably a very thin market, filling every bid down to US $1677 and, in doing so, gold’s price reached last March and April’s double bottom before rebounding US $76 to $1753.

Silver Spruce Signs LOI to Acquire 100% Interest in 8,750-hectare Mystery, Till and Marilyn Gold Properties, Exploits Gold Belt, central Newfoundland

“Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects,” said Greg Davison, Silver Spruce VP Exploration and Director.

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