The Company is currently recalling employees from the Bolivar Mine to begin a COVID-19 screening process, including a quarantine period, allowing the Company to be ready to commence mining activities on June 1, 2020. The Cusi Mine, as previously discussed in the May 13, 2020 press release, remains in care and maintenance.
CEO Michael Konnert stated “Vizsla is excited to get back to safely restarting our exploration program and test beneath the high-grade results sampled on the Cordon del Oro and Napoleon veins. With the exploration period of the Company’s options on the project extended into 2022 and new high-grade targets for drilling, Vizsla is in the best shape yet to capitalize on the underexplored district opportunity at the Panuco project.”
Minera Media Luna, propiedad de la canadiense Torex Gold Resources, informó que aportará dos millones de pesos para la instalación, operación y mantenimiento de la planta de luz del recinto.
The results have revealed new mineralization targets, potential extensions to known mineralization zones, and the continuity of geological trends, and allows for the calibrated geophysical model to be applied on the eastern half of the property.
Bradford Cooke, Endeavour Director and CEO, commented, “Last year at Bolanitos, we were successful in outlining new resources in the San Miguel vein, now under development, and we expect to commence mining at San Miguel in Q3, 2020. This year, we are discovering new resources in the Melladito vein, which should allow us to develop and mine there next year, as the orebody is only 300 m from the La Luz Ramp and 300 m from the San Miguel ramp.”
The management team has been developing a restart plan that will provide for a safe mine site environment that delivers cash flow from operations while working under the mandated sanitation measures required by government. On site manpower will be increased progressively as it is deemed safe, with the initial focus being the development of ramps in Lupita Extension and Diluvio West to access higher grade mineralization. Diamond drilling crews will be added in early June to resume delineation drilling programs. It is anticipated that by early July the mine will once again be fully operational.
Detailed Induced Polarization geophysical surveys were completed by TMC Exploracion Geophysics in two perpendicular line directions at 75 metre line spacing to reveal detailed subsurface features. Initial results are presented here, and the data will be further processed and integrated with geological and geochemical data for further interpretation.
Kootenay President and CEO, James McDonald stated: “We are very encouraged that the F Vein is showing continuity in both veining and grades and we are really looking forward to getting back on the ground and drilling more holes. Mine sites have been given the go ahead by the Federal Government of Mexico to restart operations and once it is confirmed exploration activities are included, we will be able to resume drilling.”
“We are very pleased with the extension of the option agreement on the San Acacio project and want to thank our property vendor for their continued support of Defiance Silver. This additional financial flexibility will enable us to continue our ongoing exploration efforts, which are focused on the compilation and reinterpretation of all previous work done at San Acacio. This work will allow us to better understand the mineral system and create better structural controls for future drill target definition and delineation,” stated Chris Wright, Executive Chairman & CEO.
“Every day Mexus is experiencing firsts relating to production. From the amount of material being mined, crushed, and placed on the heap leach pad to the end production of gold. This will be our best month of gold production and is a testament to the perseverance and commitment of all involved with the company. The Santa Elena mine is a historical mine site and encompasses over 6500 acres. I’m excited to see the production of gold increase as we build out and tap into this outstanding property. My goal has always been to make Mexus into a major mining company.” added Mexus CEO, Paul Thompson.
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