Vancouver, B.C., June 16, 2021, Candelaria Mining Corp. announces that the Company will not be proceeding with the proposed brokered private placement that the Company previously announced on April 14, 2021 and May 13, 2021.
Fabled Silver Gold Corp. is pleased to provide an update on its spin-out its interest in the Muskwa copper project in northern British Columbia by distributing the shares it holds in its wholly owned subsidiary Fabled Copper Corp. to the shareholders of the Company through a statutory plan of arrangement.
“The gold mineralization was previously thought to be concentrated along a low angle, west dipping shear zone within mainly monzo-diorites, however, we discovered the gold mineralization is situated within a large intrusion hosted, breccia pipe.”
“I’ve been informed of a decision taken to reopen the mine in Cosala, Sinaloa. A deal is being reached. It’s moving forward,” President Andres Manuel Lopez Obrador told reporters during a regular government news conference.
“We believe that our drilling in Los Ricos North not only will define a significant resource, but with exploration at Casados North and the initiation of the drilling program at El Nayar, we look forward to additional exciting discoveries.”
“With the existing drill program covering only 30% of the area of the host magnetic anomaly, we see significant potential to grow and upgrade the resource base at Media Luna over the coming years.”
Policymakers are becoming increasingly aware that environmental, social and governance issues may stand in the way of development of new mine projects to feed the growing “green revolution,” Jeremy Weir, executive chairman and CEO of global commodities trader Trafigura, said June 15.
The net proceeds from the sale of the Common Shares will be used by the Company for exploration and general corporate and working capital purposes.
A Phase II drill program is currently in progress with 3,500 meters of reverse circulation drilling in twenty drill holes. Results for four drill holes are included in this release, highlighted by drill hole JES-21-43 which returned 35.1 meters at 0.66 g/t Au and 6 g/t Ag (0.72 g/t AuEq).
The Properties are located in the State of Sonora, which hosts Mexico’s most prolific Mining Camps hosting many of the World Major Gold Producers.
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