Category: Exploration and Development

Radius Gold Inc. is pleased to report that Pan American Silver Corp. has elected to exercise a right to include the 800ha Palmillas Properties within the Amalia Project joint venture. The Palmillas Properties host multiple exploration targets, including high-grade silver-gold mineralization, outcropping 1.8km northwest along strike from the drill defined high-grade zone at San Pedro.

“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results.”

Commander Resources Ltd. is pleased to report results from a 70 line kilometre Induced Polarization survey completed at the Company’s Pedro Gold project in late 2019. The Pedro property is located 100 Km from Torreon, Mexico in the northeastern part of the State of Durango and approximately 30 km west of the town of Mapimi. The wholly owned 1,750 ha property was acquired directly by Commander in 2016 from Bearing Lithium.

Newmont Corporation announced today that its Board of Directors unanimously approved investment in an Autonomous Haulage System at Boddington in Australia to enhance safety and productivity, while also extending mine life. Once fully operational in 2021, Boddington will be the world’s first open pit gold mine with an autonomous haul truck fleet.

1.4 metres est. true width at 16,189 gpt AgEq

2.4 metres est. true width at 9,006 gpt AgEq

1.6 metres est. true width at 13,345 gpt AgEq

“Further step-out exploration drill results demonstrate the potential to increase our initial 72.5 million tonne resource estimate announced on December 11, 2019,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.

Silver Viper’s President and CEO Steve Cope states, “The ongoing results from La Virginia are exciting. We believe that adding a second drill to target the new anomalies is warranted at this time.”

“The Santana property mineralization is hosted within a series of well-defined breccia pipes, only two of which have been drill tested in any significant manner. In 2018, the Company drilled one of these previously untested targets near the currently planned starter operations resulting in a significant new discovery, called Divisadero. This new discovery provided Minera Alamos with increased confidence that the overall project area may contain multiple Nicho-style mineralization centres that are easily accessible from surface.” stated Darren Koningen, CEO of Minera Alamos.

“The Company has 17 contiguous claims, covering 3 km of strike length and the down dip projections of surface veins, and has now been able to confirm silver-gold mineralization along the extent of the Mineralized Corridor,” stated Chris Berlet, President & CEO.

“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.”

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.”

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.

“Vizsla continues to deliver new high-grade veins across the district. We are conducting first pass drilling on multiple veins at Panuco to establish priorities for possible resource definition drilling. While that program proceeds, we are mapping and sampling the many veins in the district. That mapping continues to reveal areas of high-grade mineralization previously not known to us. The Honduras vein is one such locality.” President and CEO, Michael Konnert commented.