Inomin Amends Terms of Canada Metals Acquisition
October 27, 2020
Inomin president John Gomez says, “We’re pleased to be completing the acquisition of Canada Metals and continue working with Peak on future capital raises.”
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Inomin president John Gomez says, “We’re pleased to be completing the acquisition of Canada Metals and continue working with Peak on future capital raises.”
“We believe that the presence of buddingtonite in the SE Alteration zone would be significant in helping us to vector into new potential areas of epithermal veining, as this clay mineral is known to be associated with epithermal veining in different parts of the world, and does appear to occur on this property in association with the known Ixtaca epithermal veins.”
“Michelle Robinson and her team on the ground at Picachos have delivered promising early results indicating that the vein which hosts the historic high grade San Agustin gold mine may be of material width and vertical continuity.”
“Subject to a proof of concept program, this Technology has the potential to be a game changer for current and future lithium brine producers.”
The Program successfully verified the existence and continuity of mineralized gold and silver veins at the project, where there is no evidence of modern exploration. Results demonstrate several areas having potential to host high grade deposits that will be the focus of follow up drilling.
To the best of Riverside’s knowledge, the Santa Rosalia Mine area has never been drilled…As part of the drilling program Riverside will be using oriented core technology that should add significant understanding on the downhole vein and fault orientations allowing for more detailed interpretations and targeting for subsequent drilling campaigns.
Mexican mining and transport company Grupo Mexico on Monday reported a net profit of $782 million for the third quarter, up 132.7% from the year-earlier period.
“First Mexican provided information that was materially misleading.”
Prime Mining’s Chief Executive Officer Daniel Kunz commented, “These trench and adit sampling results provide yet more insight for drill hole targeting as we prepare for the upcoming 10,000 m core drilling program. Drilling in areas that exhibit resource expansion potential is a top priority of our initial program together with deeper drilling to look at the possibility of more mineralization below the current known resource.”
The net proceeds of the private placement will be used to begin trading of tantalum and niobium-bearing ores from the Democratic Republic of the Congo, Brazil and Colombia, as well as for general working capital purposes.
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