SilverCrest Metals Inc. is pleased to report the Company’s unaudited financial results for the three months ended March 31, 2021, and an update on construction and exploration activities at the Company’s Las Chispas Project located in Sonora, Mexico.
As previously announced, effective today, Bradford Cooke has been appointed Executive Chair of the Board and has stepped down as CEO. Dan Dickson has assumed the role of CEO and has been appointed to the Board, Christine West has assumed the role of CFO and Rex McLennan has been selected as Lead Director of Endeavour. Geoff Handley has stepped down as Chairman but plans to remain an active Director of the Company.
“Definition drilling continues to add confidence and scope to the skarn deposit, confirming wide, high-grade zones with intercepts up to 277 metre drill widths.”
“Concentrate inventories are back to normal levels at La Colorada, and we anticipate that the majority of the Q1 inventory build, which reduced operating cash flow by $39.9 million and resulted in lower revenue, will be mostly sold in the second quarter of 2021.”
IMPACT Silver Corp. is pleased to announce that it has received the report prepared by Condor Consulting, Inc. on analysis and interpretation of the geophysical surveys carried out in the 1990’s over the Capire area of the Royal Mines of Zacualpan Project.
“This Transaction is the culmination of years of hard work by our team, including productive and detailed negotiations over the past few months with the new Regal board of directors. As we near the end of the Sunnyside permitting process, consolidating the balance of Sunnyside under one roof is the most logical step to unlocking the potential value of not only Sunnyside, but the entire district-scale mineral rights package that Barksdale has been working to expand” stated Rick Trotman, President and CEO of Barksdale.
Tarachi Gold Corp. announces visible gold in RC drill cuttings from hole JAB-21-014 south of La Dura mine on Jabali concession—the first observed in the area. Found in 10m interval (18-28m downhole), panned from cuttings; assays pending. Hosted in silicified rhyodacite panel; suggests high-grade shoots. Builds on recent underground intercepts exceeding 1 oz/t Au.
“We are focused on two areas for exploration and development at the San Martin gold mine,” reported Salvador Garcia, Chief Operating Officer of the Company.
“This acquisition further expands our exciting pipeline of exploration projects within the Patagonia mining district. I am excited to not only more than double our footprint within this prolific mineral district, but also add several high-quality copper porphyry drill targets to the portfolio.”
“The size of Napoleon is growing at an astonishing rate with recent drilling forming an 800 m long, up to 350 m deep panel of mineralization with excellent average widths and grades.”
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