“We are grateful for the input of the people in the local communities who support the project and who are remaining patient with the permitting process. Our ongoing permitting and regional work will continue to view their input as a core driver of both project design as well as programs to optimise the potential for shared value”.
The net proceeds of the private placement will be used to increase the trading of manganese ore from Brazil, as well as for general working capital.
Peter J. Hawley, CEO and President, remarks, “As expected, the sulphide contents of the Santa Maria vein and structure has increased and intercepted over 10 ounces of silver over 6 meters. These exceptional high- grade results intercepted at -145 meters vertically below surface will be followed up by hole SM20-03 which was designed to hit the Santa Maria structure at a vertical depth of -350 meters below surface which will be the deepest hole ever drilled on the property.”
“Managed succession is part of good governance, and I’m very pleased Gill has agreed to take on the role of Chair. She is a highly experienced mining professional with a strong background in environmental, social and governance matters.”
Bradford Cooke, CEO of Endeavour, stated, “Our brownfields exploration programs were successful last year in replacing our reserves and resources. Reserves and resources increased significantly at Guanacevi due to our successful exploration of the El Curso property, which separates and adjoins our current Milache and historic Porvenir Cuatro orebodies. With additional drilling, these have the potential to become one large orebody, on the scale of our original Porvenir Norte discovery which we mined for 15 years.”
“With the release of 122 drill holes and 8 drill rigs continually operating in Los Ricos North, our understanding of this truly large mineralized system is becoming clearer. We believe La Trini, El Favor, El Orito, and potentially a new area – Casados – will form part of an upcoming Los Ricos North initial resource to be released later this year,” said Brad Langille, President and CEO.
“I am pleased to announce the results of this successful fundraising which will allow Bacanora to meet its capital commitments for the development of our flagship Sonora Lithium project in Mexico and commence our transition from exploration company to lithium producer by 2023.”
Mammoth Resources Corp. is pleased to announce results of voting at its virtual annual and special meeting of shareholders which was held earlier today via Zoom conference facility.
New IP/Resistivity sections show significant structural zones extending to depth directly below the known large scale historic silver mines. The structural zones are clearly connected with the historic mines and are possibly feeders zones for the silver mineralizing system.
Matthew O’Kane, Managing Director of Comet Resources, stated “I am very pleased with the progress at the Santa Teresa Gold Project. Interminco and Minera Cascabel have done a good job of arranging access to the Project site with the local stakeholders and have then wasted no time in completing the initial field survey, detailed geological mapping and a review of the historical drill core. I am looking forward to receiving the results from the samples sent for assay, and also the completion of the permitting process for drilling.”
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