In view of the ongoing strategic review process announced by Sierra on January 8, 2021, the Company confirms that the strategic review process continues to have the full support of its Board of Directors, management team, Arias Resource Capital Fund II L.P. (now the Company’s largest shareholder) and Arias Resource Capital Fund II (Mexico) L.P.
President Lawrence Page, Q. C. noted: “The present mineral resource estimate is based upon results derived from drill holes situate on the West side of the Cerro. Results from seventeen drill holes located on the East side of the Cerro, many containing high-grade mineralization, are not included in the 2019 Resource Estimate. Drilling currently being conducted on the east side of the Cerro is producing significant values of both oxide and sulphide mineralization, the results of which, together with results of the seventeen drill holes previously drilled, will be incorporated into an updated 43-101 Mineral Resource Estimate leading to further economic assessment studies incorporating all data later in 2021.”
“These results mark the successful conclusion of our 2020 drill program which was designed to expand and upgrade resources at the El Dorado resource zone. Drilling demonstrated that the deposit remains open in several directions and significantly expanded tonnage.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “we are very excited to have attracted a highly qualified geoscientist with extensive experience in large polymetallic silver mining districts and all key stages of successful exploration programs to join GR Silver Mining in Mexico. Dr. Catchpole’s knowledge and experience working in Latin America’s world class mining districts is a valuable component for the upcoming exploration program in our projects.”
“Intersecting this wide zone of high-grade precious metals in the newly discovered Benjamin Vein with the first 3 holes ever drilled in it is very encouraging. We will be aggressively following up on this discovery as we resumed drilling last week post-Christmas shutdown. I am confident this will be the first of many new discoveries in the Historic El Tigre District.”
“With the imminent closing of this financing, Mammoth will soon be mobilizing staff to the Tenoriba project to commence activities in preparation for the geophysical survey and other exploration works.”
“We would like to thank the Royalty Holder for working with us to improve the viability of the Biricu project,” stated Darrell Rader, President and CEO of Minaurum. “We look forward to unlocking the value of our significant but undervalued holdings located in the heart of the Guerrero Gold Belt.”
Kootenay President & CEO, James McDonald, stated “We continue to be extremely pleased with the drill results from Columba. The 1,186 gpt silver intersection from hole CDH-20-082 intercepting the B Vein is the highest silver grade reported to date over widths greater than 4 meters.”
“First Majestic posted another strong year in 2020 despite the many challenges brought on by the COVID-19 pandemic and Mexico’s two-month national shutdown,” said Keith Neumeyer, President & CEO.
Silver Dollar Resources Inc. is pleased to announce Mr. Guillermo Lozano-Chávez has been nominated to join the board of directors and will stand for election at its upcoming Annual General and Special Meeting on February 25, 2021.
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