First pass rock chip results of outcrops and old workings returned exciting results with grades up to 61.0g/t Au, 27.5g/t Au and 7.42g/t Au, with the highlights presented in Table 1 below. Refer to Table 2 for the results of rock-chip samples.
“We are pleased to add this high-grade project to our portfolio,” stated Darrell Rader, President and CEO of Minaurum Gold. “Historical data shows that the project has never been drilled deeper than 135 m and some of the deepest holes stopped in mineralization. Our due diligence found evidence that past exploration and current mining targeted only the highest levels of a substantial epithermal gold and silver system. We will permit and drill several deep holes in 2020 to test our geological model.”
Bradford Cooke, CEO of Endeavour, stated, “Our exploration programs were successful last year in outlining new brownfields discoveries at three of our mines and projects in Mexico. We expanded the measured and indicated resources at Guanacevi and Parral and increased inferred resources at Guanacevi, Bolanitos and Parral. Our reserves declined at Guanacevi but increased at Bolanitos and El Compas.”
Philip O’Neill, CEO of Mexican Gold, stated, “New Found Gold’s maiden drill results are encouraging. The Queensway Gold Project demonstrates the potential for a significant near-surface discovery in a friendly, easily accessible mining jurisdiction. The resulting company will be very well capitalized to further explore and undertake multiple drill campaigns on the Queensway Project. We will also be well funded to further advance our Las Minas project in Veracruz, Mexico.”
“After suspending Campo Morado mining operations during August 2019 we are very pleased to be in a position to inform shareholders that improving metal prices and improved community relations have allowed us to resume full scale mining operations to re-initiate concentrate sales and cash flows” states Antonio Berlanga, CEO, “with the mine back in production the local community of Arcelia will once again have a major source of employment available and will benefit from the renewed economic activity.”
Jonathan George, CEO, comments, “These excellent results showing widespread gold and copper mineralization over such a large area are very encouraging, and provide compelling targets for drilling to test the extent of mineralization at depth.”
“Our 2019 exploration program in Mexico was highly successful at both of our mining operations,” stated Jeffrey Mason, Interim President & CEO. “This is already translating into growth in production and cash flow, with record silver equivalent production at the Topia Mine in 2019.”
Plata Latina Minerals Corporation is pleased to announce that through its wholly-owned subsidiary Plaminco S.A. de C.V., it has entered into an Agreement of Assignment of Mining Concessions with Minera Argentita Exploracion, S. de R.L. de C.V., a wholly-owned subsidiary of The Electrum Group, with respect to Plata Latina’s three exploration properties in Mexico, which include Vaquerias, Palo Alto and La Joya.
Mexus Gold US announced that additional material from the Julio vein has been crushed and placed on the heap leach pad. Leaching on the pad has been continuous since 1/16 with results of .26gpt to .45gpt of pregnant solution returning to the pond. Additional increased values from this new material should start returning to the pregnant pond by 1/28.
“The majority of our past drilling has focussed on the historical mine at Los Ricos. The high grade hole 88 opens up what we believe is a new ore shoot to the northwest which we will continue to focus additional drilling. This drilling can potentially yield additional high grade intercepts which could be a bulk minable target,” said Brad Langille, President and CEO.
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