Candente Gold Corp. is pleased to announce the signing of a Letter of Intent to enter into a profit sharing agreement on the Cocula Gold Project in Jalisco State, Mexico whereby Candente Gold will be entitled to receive 70% of any potential profits that may be derived from mining and processing of the deposit.
Brad Mercer, Capstone’s SVP Exploration and Operations said, “We decided to take a two-phase approach and release the Mineral Reserves ahead of our 2021 budgeting cycle, allowing us to greenlight key projects by year-end. The second phase of this work, targeted for completion in Q4 2020, will focus on opportunities we have identified, such as the feasibility of high-grade pillar extraction using paste backfill, updating the block model with ongoing exploration results and ongoing metallurgical and geotechnical work on Vein 10 not in Reserve.”
Brigadier intends to have drills turning by the third week of September and look forward to providing updates as results become available.
Equinox Gold Corp. reports that mining activities at its Los Filos Mine in Mexico have been suspended since September 3, 2020 as the result of an illegal road blockade by members of the nearby Carrizalillo community.
J. Duane Poliquin, Chairman of Azucar commented, “We continue to push on with our comprehensive two year intensive drill program at the El Cobre project. The drill program has identified multiple zones of porphyry mineralisation within a large area of hydrothermal alteration. The footprint of the system is very large and future work will be focused on searching for the core feeder zones of this large system.”
Redstar CEO, Charles Funk, commented “Having SilverCrest as our neighbour on three sides in the El Picacho district indicates the potential of Redstar’s 100% owned Cumaro project. Cumaro has the south-eastern extensions of the veins from the El Picacho property with drilling right up to the Cumaro boundary. Redstar will be actively exploring Cumaro later in 2020, once the Company has completed the three-drill rig exploration program we recently initiated at Unga in Alaska.”
New property evaluations with due diligence field visits and sampling have been conducted on gold and silver projects in Chihuahua, Sinaloa and Durango in Mexico and also in Utah and Montana, USA. 280 rock chip samples have been collected and are in varying stages of analysis. Radius expects to be able to announce a new project discovery or acquisition from this work in the coming months. Exploration for new targets by our regional teams, as always, is ongoing.
“The recently announced assay results on the La Dura, historic mine by Tarachi on August 20 confirm the importance of these new concessions. As well, the announcement on August 27 of the diamond drill mobilizing to La Dura and the Project’s geological similarities indicated the importance of these new concessions to Tarachi”, commented CEO Lorne Warner.
Vizsla President and CEO, Michael Konnert, commented: “The Company has now made four high-grade discoveries since July 2020. The Tajitos discovery is the latest demonstration of the Panuco district’s potential. Vizsla is in a solid position to unlock significant value in a district that has never seen systematic exploration. Vizsla is well funded with over C$30M in the bank to explore veins which have never been mapped, sampled, or drilled, like Napoleon and Cordon del Oro. We are actively stepping out on the four discoveries to expand the footprint of mineralization at each area.”
Tim Barry, President, CEO and director of Silver Bull states, “We are extremely disappointed to see Mineros Norteños have filed an appeal against the third favorable ruling the Company has received on the frivolous law suit they filed back in 2014. The last favorable ruling was delivered to us in March of this year, but unfortunately due to the rapid spread of the Corona Virus in Mexico, the court system in Mexico has been shut down until very recently, which has caused a significant delay in potentially settling this case once and for all. Should Mineros Norteños lose this appeal then Silver Bull will win the case outright.
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