“We are pleased that the permitting documents were approved by SEMARNAT without revision and on schedule. Silver Spruce is clear to move ahead with planning logistics and contractor selection for our second 1,500-2,500 metre reverse circulation (“R/C”) drilling program on El Mezquite,” said Greg Davison, Silver Spruce Vice-President Exploration and Director.
Canuc Resources Corporation is pleased to announce the closing of non-brokered Private Placement for gross proceeds of $450,000 CAD.
Mexus Gold US announced that it is aggressively pursuing a qualified mining company to joint venture with at its Santa Elena mine in Caborca, MX. To assist with this endeavor Mexus is seeking a CEO with the right experience to help manage and bring Mexus’ three properties into production.
As announced in the Notice, the Company is focused on producing a new life-of-mine plan and updating its mineral resources and mineral reserves following its January 25, 2022 announcement regarding a reduction in metal content of its previously stated mineral reserve figures.
“We are looking forward to the immediate resumption of normal mining operations at Platosa,” stated Brendan Cahill, President and CEO.
“Today we achieve a mission critical milestone in our growth journey with the release of the updated Technical Report for our Morelos Complex and approval from our Board of Directors to proceed with the development of the ML Project.”
Significant progress was achieved during the year ended December 31, 2021 on the construction of the 4,000 tonnes per day Juanicipio processing plant as the Juanicipio project team delivered the project for plant commissioning late in the fourth quarter of 2021.
Following up on the news release dated November 10, 2021 – Silver Valley Metals Considers Strategic Alternatives for Its Lithium and Sulphate of Potash (SOP) Deposits in Zacatecas, Mexico – the Company can report it is in advanced discussions and under NDA’s with several well financed and highly technical groups.
On the exploration front, we delivered a robust program that included the strong advancement of the Silver City project and the discovery of a new high-grade zone of readily mineable mineralization at Platosa.
The Company completed a record exploration program totalling 227,845 metres of drilling at its operating mine properties in 2021, representing a 46% increase in metres drilled compared to the prior year. Approximately 80% of this drilling was focused on near mine or brownfield targets while the remainder was focused on greenfield targets looking for new discoveries.
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