Category: Exploration and Development

Golden Tag Resources Ltd. is pleased to provide a project update, inclusive of the first three diamond drill holes from the ongoing 4,500 metre exploration program, on the Company’s 100% owned San Diego Project, one of the largest undeveloped silver projects in Mexico.

“El Favor continues to deliver high grade zones exceeding a kilo per ton surrounded by wide zones of potentially bulk mineable grades near surface,” said Brad Langille, President and CEO. “With 9 drill rigs operating, we are aggressively advancing towards our initial resource estimate in Los Ricos North.”

Mr. Arturo Bonillas, President & CEO of Magna commented, “We are extremely proud of our progress at San Francisco – our team has made considerable progress during ramp-up and we are well on our way to establishing San Francisco as a stable free cash flow generator.”

Bahman Yamini, President and CEO of Canasil commented: “The results from the initial drill holes on the southeast extension of the La Esperanza vein along strike and to depth confirm that the vein structure can be located as projected in a previously blind zone, and represent a significant increase to the overall mineralized envelope as previously reported.”

Ridgestone Mining Inc. is pleased to announce a phased exploration plan at it’s wholly-owned Rebeico project in Mexico. Work to date has been positive and indicates that the identified copper-gold mineralization on the Rebeico claims may be part of a much larger mineralized system and is most likely related to this system.

“We are very excited with the work that SRG has completed to advance the Tailings Project,” says Joanne Freeze, President and CEO of Xali Gold. “There have been some delays due to government closures during the COVID pandemic, but the project is now moving forward and we are very excited to the re-processing getting into operation.”

Peter J. Hawley, CEO and President, states, “The rest of this hole is now being sampled on a rush/priority. In addition, once the drill machine completes hole SM20-13 it will return to this drill station, re-enter the hole and continue from the depth of 234 meters onwards until the structure has been clearly exited.”

“We recently conducted our due diligence visit to Diamante and, pending the final report, anticipate signing a definitive agreement shortly. On execution, we propose to conduct ground truthing of the Au-Ag systems with geological, spectral and LiDAR mapping, rock sampling and preparation of an environmental report, and are planning for a first-ever drilling program at Diamante within a few months.”

VanGold Director Hernán Dorado said: “Now we begin the process of re-commissioning the El Cubo mill. It remains the Company’s intent to begin processing mineralised material at the mill from our El Pinguico and El Cubo operations by Q4, 2021.”

Jonathan George, Ridgestone’s CEO and Director, commented, “The IP and resistivity survey has outlined a strong anomaly which is very pronounced at the Elena concession. Given the significant copper intersected from drilling on the New Year Zone and Alaska Vein, in addition to the high-grade surface samples from the Elena concession, we are highly encouraged about the potential for a significant copper system at Rebeico.”