SilverCrest Announces New High-Grade Discovery at Las Chispas and Record Intercept
November 16, 2020
2.4 Metres (TW) Grading 555.36 gpt Au and 19,452.8 gpt Ag, or 61,105 gpt AgEq
Menu
Menu
2.4 Metres (TW) Grading 555.36 gpt Au and 19,452.8 gpt Ag, or 61,105 gpt AgEq
“This Mineral Resource estimate is an excellent start for the Cerro de Oro gold project. With this in hand we are confident about rapidly advancing the work required to put us on a path toward a production decision at Cerro de Oro following the initial start up of operations at Santana.” stated Darren Koningen, CEO.
Tarachi President and CEO, Lorne Warner stated “We are excited to start our first phase of drilling soon at San Javier with nine proposed holes for a total of 864 metres, once completed the style and structural controls to mineralization will become better understood and further drilling will be proposed.”
Rob Macdonald, Vice President Exploration stated: “The mineralization identified in 20CLM-119 is comparable in both grade and thickness to several mineralized intercepts previously identified by Southern Silver at the South Skarn and Bocona targets in drilling between 2011 to 2015 and provides confidence in our targeting as we work to continue expanding the mineral resource base at the Cerro Las Minitas project.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The Company has taken advantage of new outcrops of fresh rock resulting from the construction of a new road access to the San Marcial Tunnel. The exposure of a wide hydrothermally altered, silicified and sulfide rich zone revealed high grade silver and gold mineralization in the footwall area adjacent to the Resource Area, that has the potential to add to the San Marcial NI 43-101 resource estimate.
“We’re pleased with the strong results from the drilling program at La Trini and expect additional results shortly from Salomon-Favor where 3 drill rigs operate continually. We anticipate these results will build upon the excellent results achieved in our initial drill holes at Salomon-Favor,” said Brad Langille, President and CEO.
Magna Gold Corp. is pleased to announce that the Company and Molimentales del Noroeste, S.A. de C.V., a subsidiary of the Company, have entered into a definitive option acquisition agreement with Sable Resources Ltd. and Exploraciones Sable, S. de R.L. de C.V., a wholly-owned subsidiary of Sable, to acquire the Vendor’s option to acquire a 100% undivided interest in the mining concessions comprising the Margarita Silver Project.
Advance Gold Corp. is pleased to report on highlights of a recently completed Induced Polarization survey from its 100% owned Tabasquena project in Mexico that provides additional clarity to known chargeability anomalies and has also identified a new large anomaly to the west of the known anomalies.
The Company has a right to purchase 100% of the La Franca mine for US$500,000 payable quarterly over a 5-year period, and is subject to a 2% Net Smelter Return Royalty (NSRR) which can be re-purchased at any time from the owners for US$500,000 for each percentage point.
Colibri Resource Corporation is pleased to announced that the Company has received the first set of assays from the trenching program the Evelyn Gold Project, located in the Caborca Gold Belt, northwestern Sonora.
Mexico Mining Center © 2021 / All Rights Reserved
