The Company is also pleased to announce that it has hired Mine Development Associates, a division of RESPEC, out of Reno, Nevada, to prepare an updated mineral resource estimate for its wholly owned Gavilanes silver property located in Durango, Mexico.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “In the northern domain of our 3500m continuous high chargeability anomaly we have now hit 3 zones with elevated sulphides and grades of zinc and lead. It is worth noting that these 3 zones are below the detection level of the IP survey. Our next step will be to do additional geophysics with better resolution and deeper penetration to help in the exploration for the heat source of the sulphide system.”
Taj Singh, President and CEO, states: “We have now expanded the higher-grade bulk-tonnage domain by 300 m northeast along strike in the South Corridor. This area of the deposit had seen only limited drilling historically. Our recent drilling, including highlight intercepts in this release of 132 m at 118 g/t AgEq and 126 m at 103 g/t AgEq, has consistently delivered broad zones of near-surface mineralization. These results are a positive surprise and emphasize the sheer scale of the higher-grade mineralizing system at Cordero and show the opportunities that lie ahead for the Project in this rising silver price environment.”
“With funds in place, the team is actively securing our drilling permits for Mexico and we are excited to get underway. As part of this process, the company has employed Jose Luis Posadas, a highly experienced Zacatecas-based exploration geologist, on a fulltime basis.”
Immediately following the completion of the Arrangement, Premier will be a wholly-owned subsidiary of Equinox Gold, while the former Premier Shareholders will own 0.1967 of an Equinox Gold Share and 0.4 of a SpinCo Share for each Premier Share previously held by them.
“Newmont recognizes the special connection between Indigenous Peoples and the land, and that mining can affect this connection in some challenging ways,” said Tom Palmer, President and Chief Executive Officer. “The entire industry has a great opportunity to learn and improve our practices. Through the Center, meaningful partnerships will be formed to create a space for dialogue and sharing with the aim of improving outcomes for Indigenous communities around our operations and act as a catalyst for improvement within the mining industry.”
IMPACT Silver Corp. is pleased to announce that it has purchased two core drills to accelerate exploration drilling on the property and has started a 10,000 metre drill program.
Bacanora Lithium plc (AIM: BCN), a lithium development company, is pleased to announce that its cornerstone investor and offtake partner, Ganfeng Lithium Co., Ltd has today signed a new joint venture agreement in connection with its investment in SLL following the exercise of its option to increase its stake in SLL from 22.5% to 50%.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are pleased to enter into the Agreement with Mako for the acquisition of Properties. This acquisition will strengthen our position in this region and is consistent with our strategy of controlling 100% of what we believe are the most important silver and gold assets in the Rosario Mining District, Sinaloa, Mexico.”
The company is pleased to enter 2021 embracing all challenges and promising great results to its shareholders as we announce progress made regarding the engagement of Executive Industries to remove the Stop Sign on OTC Markets.
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