Category: Exploration and Development

“These results mark an excellent start for Vizsla’s drilling program. We are seeing high grades of silver and gold in both our drilling and sampling activities. The Company has drilled veins up to 11.3 metres wide and our new Paloma discovery is also showing excellent widths and grades.”

Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “The acquisition of the San Francisco Mine is a pivotal moment in Magna’s evolution to become a growing gold producer in Mexico. Our team has a long history with the operation, and we are confident in our ability to re-establish the San Francisco Mine as a profitable mine. Our focus remains to generate value for our shareholders and this acquisition underpins our ability to do so in the immediate and long-term”.

“The Altamura acquisition completes a highly accretive process for Oroco and its shareholders,” commented Craig Dalziel, the Oroco CEO. “We are now able to fully focus on the development of a significant geological asset which brings with it a very positive local community relationship; exceptional supporting infrastructure; an eager and capable local workforce; and clearly supportive local, regional and federal government agencies. The future for Santo Tomás and the surrounding communities is very bright.”

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.”

In Mexico, the company said an induced polarisation magnetic survey was underway at the Donovan 2 copper-gold project and an underground sampling program was being finalised for its San Celso silver project.

Chesapeake Gold Corp. is pleased to announce an option to acquire a 100% interest in the El Duraznito gold-silver project located near the town of Tayoltita in Durango State, Mexico. Regional reconnaissance identified El Duraznito and follow up grassroots exploration generated impressive results. El Duraznito is located about 18 kilometers east of First Majestic Silver Corp.’s San Dimas Mine.

“2019 exploration drill results incorporated into the latest December 31, 2019 reserve reports for both the Nevada and Oaxaca Mining Units demonstrate significant exploration potential,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.