Month: January 2023

Aloro to Acquire the Historic Quitovac Mine Project

Thomas A. Doyle, President, CEO, stated “The acquisition of Quitovac gives Aloro a strong exploration presence in the Mojave-Sonora Megashear. I look forward to the news flow from this area as well as updates coming from Los Venados as Alamos Gold continues their exploration as part of their US$5,000,000 Option Agreement.”

Minera Alamos Achieves 2022 Commercial Production Thresholds At Santana

“We are pleased with the results from the Santana gold project during our first year of operations in 2022. Despite the difficulties that presented themselves during the year, both capital and operating costs continue to meet our expectations and provide a sound basis to inform the Company’s plans for the development of the upcoming Cerro de Oro project,” stated Darren Koningen, CEO.

SilverCrest Reports Fourth Quarter 2022 Operational Results and Provides Las Chispas Mine Update

N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are very pleased with our progress at Las Chispas. Within five months of our first metal pour we declared commercial production, refinanced our previous project financing facility, which we did not fully draw, and reduced our total debt outstanding from $90 million to $50 million. As we begin 2023, our focus is on generating revenue and using established cost controls to maximize free cash flow and pursue growth opportunities.”

Tamino Minerals provides Corporate Update

Tamino Minerals is pleased to announce that we have retained a new consultant to the Company. The Company is planning to increase its land positions and is currently looking into several projects that will require additional work.

Radius Gold Reports Excellent Silver Recoveries From Initial Plata Verde Metallurgical Tests

Bruce Smith, President & CEO, states: “We are very pleased with the recent progress at Plata Verde. Initial test work highlights the exceptional metallurgical properties at Plata Verde with cyanide leach recoveries averaging 93% for silver and in combination with flotation achieving 97% silver recovery. Geological mapping, sampling, and road construction are on-going in preparation for a drilling program.”

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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.