Category: Exploration and Development

CEO Michael Konnert stated “Vizsla now has two drill rigs testing two high-priority targets, the Napoleon vein system and the Cordon del Oro vein corridor. During the last two months, Vizsla has positioned itself to be in the best shape yet since commencing work at Panuco in Fall of 2019. While the site was paused due to COVID-19, Vizsla’s team has focused on completing the mapping of the site and further analysing the local geology.”

“All personnel, contractors and support items are ready for the commencment of drilling at Copalquin. Mobilisation is progressing smoothly with turning of the drill bit scheduled to commence before mid July 2020, under the experienced management of Hall Stewart, Chief Geologist.

Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “While we continue to aggressively advance our re-engineering and optimization of the San Francisco mine, the residual leach operation continues to provide high-margin gold production that has helped to bolster our balance sheet. We continue to be excited about the prospects at San Francisco and look forward to providing our shareholders and the market with an initial view of the mine’s potential in the near-term.”

Brad Mercer, SVP Exploration and Operations said, “Since the Resource stated in the 2018 Technical Report, our exploration team has drilled 108,000 meters within a budget of US$10 million. This new Resource Estimate has exceeded our expectation to upgrade Vein 20, the principal zone in the MNFWZ, to Indicated Class, previously estimated as Inferred in 2018.”

“We are very pleased to acquire El Mezquite in a very productive, mining-friendly region. The Company is quickly reviewing the geological database and developing exploration plans to earn its 50% interest in Yaque,” stated Greg Davison, PGeo, Director and QP of Silver Spruce.

The Company has also finalized initial plans for the Phase 3 drill program which will commence shortly following the resumption of post-covid mining activities in Mexico. Current plans call for an additional 20-25 holes at Nicho totaling approximately 4000m as well as the Company’s first drill holes at the Zata and Gold Ridge targets in addition to the recently identified Bufita target.

Aztec CEO, President and Chief Geologist Joey Wilkins commented, “Aztec and Kootenay plan to review shortly the first exploration program needed to target both the near-surface oxide gold mineralization as well as the deeper sulfide porphyry gold-copper potential at California. We have also received expressions of interest from major companies about the possibility of earning into the Cervantes joint venture and will consider the merits of any offers.”