“Our underground development program is confirming Lupita Extension as an important contributor to the future of Mercedes,” commented Stephen McGibbon, Executive Vice-President. “We are now working to determine how best to bring this newest discovery to production.”
“The foundation of value creation for any mining company is increasing reserves, and Hecla’s silver, lead and zinc reserves are the most in our 129-year history,” said Phillips S. Baker, Jr., President and CEO.
“The Santa Elena vein offers an excellent exploration target and is close to our current milling infrastructure,” said Salvador Garcia, Chief Operating Officer of the Company.
Prime Mining’s COO Greg Liller notes, “The current sampling program continues to provide key information regarding the total Los Reyes gold and silver resource. The resource modelling work underway by Stantec will be updated with these new sampling results.”
Greg Crowe, President and CEO commented: “Our agreements in principle with SSR Mining and Maverix allow Silver One to convert its final US$1.0 million payment in SVE shares to SSR Mining into a future commitment based on commercial production of not less than 2.5 million ounces of silver per annum at Candelaria.”
Significant intersections of gold mineralisation over substantial widths commencing close to surface were returned.
The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte Favor target on the project which the Company has yet to drill, and for corporate development and general corporate purposes.
Colibri Resource Corporation is pleased to announce that it has contracted Major Drilling for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca, Mexico.
Ridgestone Mining Inc. is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $1,050,000.
“With the recent weakening of the Brazilian real, and gold prices reaching multi-year highs, we are taking the opportunity to increase certainty of cash flow in 2020,” stated Jeffrey Mason, Interim President and CEO. “Importantly, our business will continue to fully benefit from rising gold prices, while limiting downside at minimal cost. Together with the closing of the Samsung facility, our financial position continues to strengthen.”
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