Colibri Resource Corp. Receives Word That Partner at Pilar Gold Project Has Completed Its Phase 1 Drill Program
December 23, 2020
Nine holes totaling 1,505 metres of RC drilling was completed.
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Nine holes totaling 1,505 metres of RC drilling was completed.
The estimate for the Cerro de Oro Project, using a gold price of US$1,450/oz and a cut-off grade of 0.18 g/t, has an Inferred Mineral Resource of 48 million tonnes grading 0.41 g/t gold or 630,000 ounces of contained gold.
Equinox Gold Corp. reports that the blockade by members of the Carrizalillo community at the Company’s Los Filos Mine in Mexico has been removed and access to the mine has been restored.
Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today on the progress at Rodeo, “Thanks to the efficiency of our team in Mexico and the experienced and capable contract mining group, we have started mining at Rodeo about two weeks ahead of schedule. The installation of the second ball mill at our processing plant is also ahead of schedule. We expect to fulfill our plan to be producing gold and silver doré bars for sale in January 2021.“
“The ability to efficiently execute our first drill program at Pilar is an important milestone for Tocvan.” commented President and CEO Derek Wood. “As we await drill results, planning has begun for the next phase of exploration. 2021 will be an important year for the Corporation as we look forward to the continued advancement of Pilar.”
The Layback Agreement will allow Orla to expand the Camino Rojo oxide pit onto part of Fresnillo’s mineral concession located immediately north of Orla’s property. Orla will have access to the oxide and transitional heap leachable mineral resources on Orla’s property below the open pit outlined in the June 2019 Feasibility Study.
“We are delighted with the widths of multistage quartz veining cut in all four holes and the similarity of mineralization to our high-grade 2018 drillholes,” said Dr. Craig Gibson, President and CEO of the Company. “We are especially pleased with how the vein zone is widening with depth and look forward to returning after the break and continuing to drill this very promising vein system.”
Almaden Minerals Ltd. has received notification from the Mexican federal permitting authority, Secretaría de Medio Ambiente y Recursos Naturales that the Company’s initial environmental permit application in respect of the Ixtaca project has not received approval.
Simon Ridgway, CEO, comments: “With ongoing drilling programs in Mexico, drilling planned next year in Guatemala, geophysics programs for drill targeting at Plata Verde, as well as our constant prospecting and property appraisals, Radius Gold expects to have regular news flow and an exciting year in 2021.”
Mammoth Resources Corp. is pleased to announce that following a community meeting held yesterday, Sunday, December 20, 2020, the second of the two communities (ejidos) upon which the Company’s 100% owned Tenoriba gold-silver exploration project resides, voted in favour of a two-year surface access agreement to conduct exploration activities at Tenoriba.
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