New Gold Announces Management Change
October 22, 2018
New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.
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New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.
We are currently drilling at two highly prospective properties in Mexico and British Columbia and the retention of Link Media to assist in communicating our story to the US market is part of our overall strategy to build the profile of our company said Mike McPhie, President and CEO of Prize Mining Every company in our business is competing for attention and we believe that the potential of our copper and gold/silver properties needs to be matched with a comprehensive marketing and awareness campaign that is intended to help create shareholder value.
Rodrigo Barbosa, the Companys President and CEO commented, When these criminals first illegally entered the mine, the Company was able to mine outside of the then mine plan with decent results however the recovery rates in these areas have decreased and the Company is now forced to take the difficult position and suspend mining operations. We continue to work with local and national authorities and are considering all options.
Carlos Silva, COO of Santacruz, commented; “With these drill results at the Navidad vein, and higher grade intercepts along the northern strike of the Veta Grande vein, we continue to demonstrate the potential of this high-grade mineralized district.” Mr. Silva added; “We recently identified the potential of the Navidad vein, which has never been systematically explored, and results thus far are extremely encouraging. Drilling is continuing with an additional 14,000 metres of diamond drilling budgeted.”
Dr. Carl Hering, newly appointed CEO, commented, Since joining the MEX team in Sept. of 2018, we have been reviewing data with the objective of delineating new mineralization both in the existing resource areas and in potential target areas for expansion. We believe that a new and updated NI 43-101 Resource will demonstrate significant improvement over the initial Resource defined in August 2017, given the success of drilling since that time.
We remain convinced of the viability of this project and the enormous benefits it will bring to Mexico, stated Mark Gordon, Odyssey CEO. Although we are confident that the issuance of the environmental permit will take place soon pursuant to the Court Order, it appears that the current head of SEMARNAT elected to deny the permit again in order to delay the issuance until after he leaves office on November 30.
Plata Latina Minerals Corporation announced that the Company has agreed to settle indebtedness of C$201,250 owing to its directors for accrued directors fees from 2015 to present, and indebtedness of C$30,000 owing to its former CFO for a portion of the indebtedness owing to her as accrued management fees.
Chris T. Grijalva, CEO stated, Preliminary property assessment has allowed us to recognize the porphyry gold-copper-moly potential for Espiritu SMR, the magnitude of which is unknown. The area will be re-mapped to determine the surface extent of the system(s). Our first pass review suggests the mineralized zones are open in all directions. We still need to understand the zoning and other possible controls of the mineralization in order to best target future drilling. San Marco is taking the Espiritu potential very seriously and, for this reason, has engaged an experienced, high calibre expert who immediately will create and execute an aggressive and systematic exploration program. We are targeting late November for completion of this first-pass program.
Goldplay President and CEO Marcio Fonseca commented, “The grant of the drilling permit opens the door for Goldplay to move forward with its objectives to delineate new mineralized zones beyond the historic NI 43-101 resource estimate area. This will also allow the identification of new discoveries in the 3.5 km long mineralized trend and providing additional drilling information to support a Preliminary Economic Assessment of the San Marcial Project in 2019.”
Santacruz Silver Mining Ltd. reports that at the Annual General Meeting of shareholders of the Company held on October 17, 2018, a total of 50,915,529 common shares of the Company, representing approximately 29.2% of the Companys issued and outstanding common shares as at the record date, were voted.
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