“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.
VanGold Director Daniel J. Oliver said, “This is a transformational acquisition for VanGold Mining. Our preliminary internal financial model shows a swift path to restarting production, a favorable payback period, and robust cash flows with silver at US$23 and gold at US$1850.”
Sonoro Gold Corp. is pleased to report very favourable results from its current step-out and infill drilling programs. The current programs have demonstrated a material expansion of several mineralized zones, most notably at Japoneses, Buena Suerte, Veta de Oro, El Rincon and El Colorado (see map below). Based on these results, the Company is revising the parameters for a planned Preliminary Economic Assessment (PEA) to assess the viability of Heap Leach Mining Operation (HLMO) by increasing the target conceptual capacity from 8,000 tonnes per day to 20,000 tpd.
Bradford Cooke, CEO of Endeavour commented, “We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”
Jonathan George, CEO and Director of Ridgestone, commented, “We are excited to acquire a high-quality, high-grade gold-silver project with such a prolific mining history in the Sierra Madre mining district at an accretive value for our shareholders. This acquisition bolsters our Mexican project portfolio, in conjunction with our 100%-owned high-grade Rebeico Gold-Copper project.”
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