Discovery Metals Corp. announces that it has temporarily suspended all exploration activities at its Mexican operations due to the increased health and safety risks associated with the growing number of COVID-19 cases in the country.
Igor Gonzales, President and CEO of Sierra Metals Inc. commented: “We are excited about the significant increase in Bolivar’s mineral resources from additional work completed in the past three months, since our year-end 2019 mineral resource update.
TMC Exploration has been retained to undertake the multiple-task geophysical survey. Work has begun as of March 21. The results will be combined with multiple other distinct surveys.
The reports are titled “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, San Ignacio Mine, Guanajuato State, Mexico”, dated March 17, 2020, and “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato Mine, Guanajuato State, Mexico”, dated March 27, 2020.
“In 2019, Great Panther transformed into a growing, intermediate precious metals producer through the acquisition of Tucano, which increased production (on a gold equivalent basis) and revenue by 182% and 234%, respectively over 2018,” said Jeffrey Mason, Interim President and CEO, and Board Chair.
Harvest Gold Corporation announces that its option agreement on the Cerro Cascaron project in southwestern Chihuahua, Mexico entered into with Evrim Resources Corp. has been terminated.
Torex Gold Resources Inc. announces that it will release its first quarter 2020 financial and operational results early morning on Wednesday, May 6, 2020, followed later in the morning by a conference call hosted by senior management.
“Construction and exploration drilling continue at the Juanicipio Project. We are fortunate that all the major process equipment has been delivered to site,” said George Paspalas, President and CEO. “Corporately, we are making appropriate changes to the way we are conducting business to ensure continuity whilst considering the health and well being of our people and business partners.”
Millrock President & CEO commented: “While it’s disappointing to have to curtail the drilling program, the safety of our people is always paramount. We are very pleased that the first drill hole of the program intersected significant quartz veining with pyrite and arsenopyrite with trace amounts of bismuthinite. These sulfide minerals are often associated with gold in the area and we will await the assay results with great anticipation!”
Phase II drilling has advanced steadily since November 2019 and now totals 24 holes for a cumulative 6,955 metres. At this point, the Company has decided to pause drilling until a time where it feels it is safe and appropriate to resume amid the COVID-19 global pandemic. Drilling activities have ceased, core splitting and sampling of final holes was completed late last week. Drill equipment is being stored on site, awaiting restart order in the coming months. At this time, the Company wishes to recognize the pro-active support and understanding being provided by drilling contractor, Globexplore Drilling Corp. during this pause in work.
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