“This hole drilled in the Rascadero area of the Los Ricos South project is our northernmost hole drilled to date in the area and it is encouraging to see such a wide intersect of high grade mineralization in this area,” said Brad Langille, President and CEO. “This may represent the beginning of a new ore shoot on the northwesternmost area of Los Ricos South.”
Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to partner again with Hochschild Mining in Sonora, Mexico. We both see significant discovery potential at Los Cuarentas and our team is keen to get going in the field with safe, cost-effective exploration work to test a series of drill targets in short order.”
Vice President of Exploration Charles Funk commented “These results are a very exciting discovery for Vizsla with multiple veins intersected in drilling containing very high-grade silver, gold and base metals. These holes are the first ever drilled on the Napoleon vein which extends over more than 2 km of strike and hosts multiple small-scale mines and mineralized outcrops.”
Preparations are underway to begin clearing approximately 30m of debris from the bottom of the El Pinguico shaft, one of three shafts that gave access to the historic El Pinguico mine.
Candente Gold Corp. is pleased to advise that a due diligence team has been mobilized to both the San Dieguito de Arriba processing plant near Acaponeta, Nayarit, Mexico and the historic El Dorado Mine in Las Minitas, Nayarit.
The New Year Zone diamond-drill core program was completed by Layne de Mexico under the guidance of Steve Weiss (Chief Technical Advisor) and Jonathan George (CEO), with onsite supervision by geologists from Ridgestone’s partner YQ Gold.
Pursuant to the LOI, Apollo has confirmed its intention to enter into a 3 year earn-in option with First Majestic to acquire 100% of First Majestic’s ownership in its Jalisco Group of properties, in the state of Jalisco, Mexico. The LOI is non-binding, however it is the intention of Apollo and First Majestic to enter into a Definitive Agreement within 90 days.
N. Eric Fier, CEO, commented, “We continue to adjust to unprecedented COVID-19 conditions with the operation of a fully functional confined camp at Las Chispas. Health and safety of our people and surrounding communities are paramount as we move the project forward. The SilverCrest Team is back to operating eight exploration drills, advancing underground development at 10 to 15 metres per day, and working diligently on feasibility and engineering designs in preparation for potential major mine construction in 2021.
Lawrence Page, Q.C., Southern Silver’s Chairman and Director, stated: “Upon completion of the transaction the benefits to Southern Silvers shareholders and investors will be significant. Sole ownership of the Project inclusive of the significant resources developed to date allows us great latitude in developing the Project for substantial resource growth. The transaction will also provide a 150% increase in attributable resources which will be highly accretive to Southern Silver shareholders.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We continue to systematically review the extensive un-released historical and recent drill hole database at the Plomosas Silver Project. The review confirms the presence of high-grade Au-Ag zones, which were not previously explored and evaluated by previous owners, nor integrated into a resource estimation. Most of the new mineralized veins are accessible through existing underground development, which facilitates planning of additional underground drilling and provides opportunities for new discoveries.”
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