Category: Exploration and Development

Mr. Jonathan George, CEO, commented “Entering into this toll milling agreement for the Real Viejo mill, which is only 40 kilometres from our high-grade Alaska vein, provides an opportunity to capitalize on today’s strong gold and copper prices. Using a phased approach, we will look to reprocess the historical dumps and to begin rehabilitation of the historical workings which will provide safe access for extensive underground mapping and sampling.”

Commenting from the Copalquin Project in Mexico, Mithril’s Chief Executive Officer, John Skeet, said: “It is impressive to see firsthand the effort of the entire team and our first-rate contractors here in Mexico, in addition to all the support from Mithril, Australia. Chief Geologist, Hall Stewart and his team have done a wonderful job reaching this milestone within months of the transaction closing, and in these challenging times; a testament to the extensive experience and professionalism within Mithril’s team.”

The Phase 1 exploration program has been designed to refine targeting at Cerro Magallanes which is a large rhyolite flow dome complex, host of several historic workings and multiple high-grade gold mineral occurrences. Additionally, the program will focus on expanding knowledge on the sedimentary hosted mineralized targets, including to-date a total of five gold-mineralized areas.

GR Silver Mining President and CEO, Marcio Fonseca, commented, “The Company has prioritized the validation of the drill holes at the San Juan-La Colorada Area, focusing on expansion of mineralization along strike and down-dip. These latest results confirm high-grade mineralization extending to the S towards the San Francisco Area, suggesting potential to outline a large low sulphidation epithermal system with at least a 1000 m strike length”.

Transformative acquisition of Sun Minerals Pty Ltd completed. Experienced mining and exploration developers, John Skeet and Hall Stewart appointed. Capital raising successfully completed for $5.92M (before costs) to fully fund the maiden drilling program at the flagship Copalquin Gold Silver Project.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “After we identified a 3200 plus metre continuous chargeability anomaly with an IP geophysical survey, we drilled 3 holes into the southern end of the anomaly where it is the shallowest. Out there we hit stacked layers of disseminated sulphides. Now we are stepping back approximately 3000 metres to the north end of the anomaly.”