Bacanora remains on schedule to commence initial site works at Sonora in H1 2021, subject to completion of financing, which would enable commencement of production at the plant in 2023. This timeframe coincides well with the anticipated increase in lithium demand from European, Asian and US electric vehicle manufacturers expected that year.
“The DCIP survey represents an important step in the Company’s previously announced program of environmental studies, phased surface exploration, deep 3D geophysical surveys, and diamond drilling that aims to verify and build upon an updated geological model and a substantial body of historical drilling, mineral resource estimates, and Pre-Feasibility studies,” said Craig Dalziel, Oroco’s CEO.
Silver Tiger CEO, Glenn Jessome states, “I am proud of our team on the ground in Mexico who have worked so hard since returning to El Tigre in June to implement strict Covid 19 protocols so that we have been able to safely resume drilling. The $11 million we raised from institutional investors in July gives us a runway to drill the next 25,000 meters at El Tigre. The team is excited to have the initial two drills turning so we can follow up on our high grade silver discovery holes drilled in the Caleigh and Protectora veins.”
Canasil President and CEO, Bahman Yamini, commented: “Cutting the Candy vein as well as zones of disseminated silver mineralization below the historical workings in the first two drill holes at the Nora project is an encouraging start to the drill program.”
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.”
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