Month: July 2022

Aztec Commences 10-hole, 3000 meter Core Drill Program at its Cervantes Gold-Copper Project, Sonora, Mexico

The primary objectives of the drilling program is to better define the open pit, heap leach gold potential of the porphyry gold oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for northern extensions of the California mineralization at California North and northwestern extensions of the Jasper mineralization.

Bendito Resources Announces Completion of the Acquisition of Azure Mineral’s Assets in Mexico and Provides Corporate Updates

Mr. John Antwi, President and CEO of Bendito, commented: “The Bendito team is very excited to close this transaction and thanks Azure and its shareholders for their support and vote of confidence in the transaction and our business plan. We welcome all the Mexico employees, contractors, and local stakeholders of Azure Minerals to Bendito Resources. We have a target-rich geologic environment, and our team sees many opportunities to add substantial value to the projects.”

Prismo Metals to Begin Trading on OTCQB Venture Market Today

Prismo’s President and CEO Craig Gibson commented: “There is a large potential investor base in the U.S. with an appetite for exposure to mining exploration companies. We expect this will expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.”

MAG Silver Reports Second Quarter Production From Juanicipio

“We are delighted with the progress reported by the Fresnillo team on the electricity shutdowns that pave the way for the final tie-in to the power grid. Commissioning of the new electrical system is expected over the next few weeks followed by the commissioning of the grinding mills.”

Fresnillo Second Quarter Production Report for the Three Months Ended 30 June 2022

“I am pleased to report a solid quarter of production, in line with our expectations. We are making good operational progress, despite the ongoing impact of the pandemic and global supply chain bottlenecks, which are likely to persist in the second half. We continue to address the challenges presented by the Mexico labour reform which limits the use of contractors.”

Continued High-Grade Drilling at El Refugio, Copalquin District, Mexico

“The very high-grade CDH-140 intercept is an excellent result adding significantly to the El Refugio resource confidence on this westerly ‘section 800’ where there is no previous drilling. Drill hole CDH-141 intercepted a wide zone of gold-silver mineralisation with several reportable and high-grade intercepts, demonstrating the size and continuity of the El Refugio structure and its significance in the Copalquin District.”

Completion of Sale of Mexican Assets

Azure Minerals Limited is pleased to advise that further to its announcement of 30 May 2022 and shareholder approval received on 29 June 2022, it has completed the sale of its Mexican precious and base metals projects to Bendito Resources Inc for a combination of cash and shares valued at A$20 million.

Sierra Madre Announces Kenneth Scott as CFO

Alex Langer, Sierra Madre’s President and Chief Executive Officer commented, “We are delighted to have Ken accept the position of CFO as we build out our management team in preparation for operations at La Guitarra.”

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.