“Hole 48 is our easternmost hole drilled to date at El Favor, with some of the highest grades we’ve seen to date in the deposit,” said Brad Langille, President and CEO. “Adding strike length to the eastern end of El Favor at these grades could contribute greatly to the upcoming resource.”
“We believe that these aggregated results indicate the possible presence of a sub-surface copper porphyry system. The upcoming drill program will follow-up on the high-grade copper mineralization encountered on surface to determine the source of and potential extensions of the mineralization.”
The Company intends to use the net proceeds of the Offering for exploration and drilling at its Guigui and Batopilas projects in Mexico, and for general working capital purposes.
Radius Gold Inc. is pleased to report that Amalia property joint venture partner, Pan American Silver, has paid a $400,000 USD scheduled property payment to Radius and plans further drilling at the project. The next drilling campaign will focus on the untested California and El Cuervo targets and is expected to begin in July or August as logistics allow.
Fresnillo reports total payments in 2020 to governments in Mexico, Peru and Chile of USD $177,730,757.
Vizsla President and CEO, Michael Konnert, commented: “The southern end of Napoleon is proving to be consistently higher grade and wider than any part of the mineralized zone. Geological information suggests this may be the true core of the mineralization and it remains open to the south and at depth where the Company is actively drilling to further expand this large panel of mineralization.”
Robert Henderson, President and CEO of Great Panther stated: “This year’s report not only explores how we have further advanced our sustainability programs, but also sets new performance targets for continual improvement as we emerge from what was arguably one of the most challenging years of our lifetimes.”
Fabled Silver Gold Corp. is pleased to announce diamond drilling updates from its upgraded 9,200 meter drill program on the “Santa Maria” Property in Parral, Mexico.
Equinox Gold Corp. reports that mining activities at its Los Filos Mine in Mexico have been temporarily suspended as the result of illegal blockades by a group of unionized employees and members of the Xochipala community, both of whom are demanding payments in excess of their contractual agreements.
Taj Singh, President and CEO, states: “This current set of holes, drilled in areas where there were significant gaps in previous drilling, confirm the continuity of higher-grade mineralization at depth in the South Corridor. Excellent grades over broad widths were encountered on a consistent basis highlighting the potential for Cordero to emerge as one of the few multigenerational mines in the silver space.”
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