CEO Michael Konnert stated “Vizsla is moving quickly to add exploration capacity at Panuco. The discovery on the Napoleon vein made it imperative that we mobilise another rig to the discovery site. The fourth drill provides the capability needed to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors.”
“La Yaqui Grande represents our next low-cost, high-return project in the Mulatos District. This follows the success of the La Yaqui Phase I and Cerro Pelon projects which were both developed on budget and ahead of schedule. Given its bigger scale and low-cost profile, La Yaqui Grande is expected to drive strong free cash flow growth from the Mulatos District in 2022 and beyond,” said John A. McCluskey, President and Chief Executive Officer.
Canuc Resources Corporation is pleased to announce that it has initiated a geological mapping and systematic sampling program along the 3 km structural corridor of the San Javier Silver-Gold Project. The San Javier Silver-Gold Project is located 1 hour southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico.
Luis Marchese, CEO of Sierra Metals, commented: “I am very pleased that we are restarting operations and production at Cusi. The improved silver metal price provides for greater cash flow potential from Cusi, contributing to revenue for the Company. The management team expects to continue ramping ore throughput up to the targeted rate of 1,200 tonnes per day by the end of the year, and we have plans to update studies in the second half of the year for the next phase of Cusi.”
Colibri Resource Corporation is pleased to announce that it has received notice from its partner, Silver Spruce Resources that Phase 1 ground exploration program on the El Mezquite Gold Project will commence during the first week of August 2020.
La minera mexicana, subsidiaria de Fortuna Silver Mines, no ha encontrado relación alguna entre su operación y las presuntas afectaciones en dos pozas de agua dedicadas a pastoreo en la comunidad de Magdalena Ocotlán
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.”
“We are very excited to initiate our Phase 1 ground exploration on El Mezquite, a low grade, epithermal target typical to the regional operations in a very productive, mining-friendly region. The Company is continuing with its review of the current geological database and developing additional exploration plans, including expansion of the geophysical grid area and optimization of drill targets to earn its 50% interest in Yaque,” stated Greg Davison, PGeo, Director and QP of Silver Spruce.
Mako Mining Corp. is pleased to report positive results from definition drilling around the West Pit area at its wholly owned San Albino gold project located in Nueva Segovia, Nicaragua.
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.”
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