Unga Project Unaffected by Earthquake near Aleutian Islands
October 20, 2020
The earthquake was felt at site, but no injuries or damage was noted, and exploration activities have resumed today.
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The earthquake was felt at site, but no injuries or damage was noted, and exploration activities have resumed today.
Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project located in the Municipality Sahuaripa, in the State of Sonora, Mexico.
The Company intends to use the net proceeds from the Financing for the exploration and advancement of the Company’s principal assets in Guatemala and for general corporate purposes.
Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle is excited to have completed the initial core drilling program with HDI affiliate UMS at the Mack copper-molybdenum-tungsten-gold target near Dease Lake, B.C.”
Luis Marchese, CEO of Sierra Metals commented: “I am very encouraged by the results of this PEA which support the Company’s organic growth strategy and plan to profitably develop and grow the Bolivar Mine production rate to 10,000 TPD in 2024 from today’s capacity of 5,000 TPD, based on current analyst consensus metal price estimates.”
“The ability to have all our tenements, agreements and permits centralized and standardized in one platform enables us to efficiently manage our commitments, and bring out insights that facilitate fast decision making”, commented Sarah Wang, Manager of Exploration Information Management at Cameco.
“Hicimos una evaluación para seleccionar a nuestros mejores elementos y los llevamos a un entrenamiento de capacitación y especialización en protección de instalaciones mineras; por lo que hoy se lleva a cabo la instalación de 120 policías del Servicio de Protección Federal especializados en este sector.”
Radius Gold Inc. is pleased announce that it has acquired the right to purchase the 500 hectare Don Jose property that surrounds Radius’s Plata Verde silver project located in Chihuahua, Mexico. The Company is also pleased to report that local land owners have constructed a new access road that reaches the Project, enabling year round access by 4×4 trucks and facilitating exploration and future drilling programs.
Orex’s President, Gary Cope said “The two claim packages comprising the Sandra project would be best explored as a single property. We are extremely happy to be working with the Pan American Silver team and are very pleased with the faith they have shown in our group by entrusting us with day-to-day operation of the exploration effort”.
On the Effective Date, the Company’s name will change to Heliostar Metals Ltd. and it will begin trading on the TSX Venture Exchange under the symbol HSTR.V.
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