“The early returns from the vein target mapping program are promising. The Company, along with our partner Colibri Resource Corp., will jointly manage and fund an initial 2,000 metre drilling program upon receipt of the drilling permit, expected in late March 2022, from SEMARNAT, the Mexican government environmental authority.”
“CAL22-05 intersected the strongest gold mineralization at Cervantes in the project’s history. This discovery further advances the California gold zone in demonstrating the open pit heap leach gold potential of the project. Overall, the 2021-2022 RC drill program continues to return strong gold grades over broad widths in every drill hole reported to date.”
Phase III drilling is currently in progress, 1,200 meters of core drilling has been completed providing essential information across the Main Zone and 4-T Trend.
The Press Release refers to the following matters: a) the cancellation of approval of extraction permits; b) declaring the Honduran territory free of open pit mining; c) pursuant to the approval of a mining moratorium for metallic and non-metallic exploration and extraction, environmental licenses, permits and concessions will be reviewed, suspended and cancelled; and d) areas of high ecological value will be taken over by the government to ensure their conservation.
Tim Maunula, P.Geo., Principal of T. Maunula & Associates Consulting Inc. commented: “We sincerely regret the miscalculation. It needs to be emphasized, however, that the data used in the model is sound and has been checked and verified and the grade estimation is also accurate.”
Dan Symons, Vice President, Corporate Development & Investor Relations stated: “2022 was a solid year operationally, as we achieved record annual production, which led to record annual revenue and record annual cash flow. We achieved above our production guidance at La Colorada, near the top of production guidance at El Castillo and San Agustin and near the mid-point of our production guidance at Florida Canyon.”
Mel Herdrick, Sonoro’s VP of Exploration commented, “These results indicate that we are successfully extending gold mineralization at Cerro Caliche while simultaneously demonstrating the potential for higher-grade mineralized zones deeper in the system.”
“Our Phase II drill program of aggressive step-outs has yielded high-grade silver results at the Cotera, Minas Nuevas and San José veins, significantly expanding the known mineralized footprint of each target,” stated Darrell Rader, Minaurum President and CEO. “We are now planning to transition to more closely-spaced drilling as we advance the Alamos project. We will be providing an update shortly on our plans for 2022.”
Mexican Gold Mining Corp. is pleased to announce the appointment of Julie Van Baarsen as Chief Financial Officer of the Company effective today’s date.
McEwen Mining Inc. today reported fourth quarter and full year results for the period ended December 31, 2021.
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