Category: Exploration and Development

Stated Craig Roberts, P.Eng., President & CEO of Ethos: “Based on these results Ethos intends to terminate both of its La Purisima concession option agreements. The strategy Ethos is pursuing is to drill test its targets as quickly and inexpensively as possible, and to terminate further work if results do not indicate a clear path to building shareholder value. While there are some interesting intervals from the drilling we don’t see justification to continue with this project. The La Purisima drilling costs came in significantly under budget at approximately US $154,000 of which approximately US $21,000 is IVA tax that is refundable, so the cost to Ethos of drill testing this target has been relatively modest.”

Santacruz Silver Mining Ltd. reports that it is today filing on www.SEDAR.com a technical report titled “Technical Report, Veta Grande Project, Zacatecas State, Mexico” dated effective August 20, 2019 containing an updated mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects. The Technical Report supersedes all previous technical reports prepared for the Company relating to the Veta Grande Project.

Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.

Consolidated Zinc Limited is pleased to announce the full bench of the Federal Court of Mexico has ruled in favour of the Company’s subsidiary, Minera Latin American Zinc S.A.P.I. de C.V. and cancelled the prior Appeals Court of Chihuahua ruling in favour of the local rancher.

Pete Dougherty, President and CEO stated: ”By initiating a zero-cost collar gold price protection program on a portion of El Castillo’s estimated remaining life-of-mine production, we ensure profitability and are able to extend the mine life at our highest cost operation. Through either exploration success or a higher gold price, there may be potential to continue to extend the life of the El Castillo mine beyond mid-2022. With a strong portfolio of development assets, we felt prudent to lock in cash flow certainty at the El Castillo mine to help fund our development projects while also continuing to maintain exposure to an increasing gold price for our shareholders. This is an opportunity to ensure cash flow at an attractive price protection point. When looking at the total amount of Argonaut’s mineral resource base, this zero-cost collar program represents a very small percentage of total gold ounces.”

Fred Davidson, President & CEO of IMPACT stated, “We are encouraged by the results of this successful coarse gravity separation test work and with additional testing we will assess how the introduction of a DMS preconcentration process module may impact the economics to the point of turning a profit from operations. We are continuously working on reducing production costs and the application of innovative technologies have the potential to impart a significant positive impact on the cost structure of our operations. Combined with this positive news and improving sentiments in overall markets for precious metals in recent months — Capire now represents a realistic near term expansion production site for IMPACT.”