Year: 2021

Sierra Metals to Invest US$28 Million for an Iron Ore Processing Plant Expected to Produce Approximately 500,000 Tonnes per Year of Magnetite Concentrate at the Bolivar Mine, Mexico

Luis Marchese, CEO of Sierra Metals commented: “We are very excited about initiating this new process with the potential for additional revenue for the Company. The iron ore market is presenting value-enhancing opportunities for Sierra Metals and the Company is taking decisive action to extract value from its existing iron ore-copper mineral resources.”

GoGold Drills 1,320 g/t AgEq over 1.5m within 16.8m of 306 g/t AgEq, Extending Mineralized Zone 200m to East at Casados in Los Ricos North

“At Casados we have stepped out 200 metres along strike and have intercepted high grade mineralization of more than a kilo of silver equivalent,” said Brad Langille, President and CEO. “Again we see at Casados, like other areas of Los Ricos North, kilos of silver equivalent enveloped in broad zones of good grades, potentially bulk mineable. These broad zones of strong mineralization help to build resource ounces quickly.”

Goldgroup Provides a Legal Update

The Circuit Court rejected the appeal lodged by Texas-based DynaResource Inc. and its Mexican subsidiary to vacate the Arbitral Award, which had found that DynaUSA had improperly diluted the Company’s interest in the San Jose de Gracia Mexican mining project, which Goldgroup had earned into pursuant to an option agreement between the Company and DynaUSA.

Sonoro Gold Announces Closing of Oversubscribed $3.1 Million Private Placement

The net proceeds from the Offering will be used principally to fund Sonoro’s ongoing development plans at its Cerro Caliche Gold Project located in Sonora, Mexico, including completion of metallurgical testing, preparation of a 43-101 resource update, a Preliminary Economic Assessment, in addition to property maintenance payments, and secondarily for corporate and general administrative expenses.

Mexican Lawmakers Approve Contentious Outsourcing Law

A Mexican bill that aims to bring more workers into the formal economy by sharply limiting companies’ ability to subcontract labor cleared a final legislative hurdle on Tuesday, with a vote of approval in the Senate.

Vizsla Silver Announces Spinout of Vizsla Copper Corp.

“The approval from our board achieves another key milestone in our goal to create value for our shareholders. Vizsla Copper as a standalone company will control a portfolio of promising exploration-stage projects in British Columbia and will provide the attention they deserve,” said Michael Konnert, President and Chief Executive Officer of Vizsla Silver.

Ridgestone Mining Announces Appointment of Dante E. Aguilar Casillas as Mexican Country Manager

Mr. Jonathan George, CEO, commented: “Dante’s background includes extensive hands-on exploration on projects of varying size and scale, from early-stage exploration through to production. We are excited for his involvement in Ridgestone as we prepare for an active 2021 with exploration programs planned for both the Guadalupe y Calvo (GyC) and Rebeico projects in Mexico.”

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