Category: Exploration and Development

Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to continue our joint program and although having to modify the work program during the COVID times, BHP has been steadfast with Riverside in commitment to the exploration potential and discovery work we have in front of us while adjusting to the realities of working safely with regard for all stakeholders. Last year we acquired ground and now with this new funding we can progress in unlocking the value and acquiring additional prospects. We are excited for the progress and potential of this collaborative copper program and see great potential for drilling copper discoveries in Sonora.”

“La Joya is an advanced exploration and development stage project that will provide our shareholders with tremendous leverage in a rising metals market,” said Mike Romanik President of Silver Dollar. “The Property’s regional targets are of particular interest as they have never been followed up and their exploration potential remains untapped. The transaction also gives us an opportunity to work with First Majestic, one of the largest silver producers in Mexico.”

Taj Singh, President and CEO, states: “We are very encouraged that we continue to intercept broad zones of mineralization with excellent grades along the north-east trend in areas where there are significant gaps in previous drilling. We are also excited to announce, based on the excellent exploration results we have achieved to date, we are expanding our Phase 1 drill program by approximately 20,000 metres. With over C$40 million cash on our balance sheet we are very well positioned to not only complete this expanded program, along with an updated resource and PEA, but also to advance and drill test our property-wide targets at Cordero.”

“This exploration program confirms the existence of high-grade silver mineralization and demonstrates the important potential of this new zone. It will also allow the Company to use a mining method which results in high productivity thus achieving the planned objectives for the Cusi Mine” stated J. Alonso Lujan, Vice President Exploration of Sierra Metals.

CEO Michael Konnert stated “Vizsla now has two drill rigs testing two high-priority targets, the Napoleon vein system and the Cordon del Oro vein corridor. During the last two months, Vizsla has positioned itself to be in the best shape yet since commencing work at Panuco in Fall of 2019. While the site was paused due to COVID-19, Vizsla’s team has focused on completing the mapping of the site and further analysing the local geology.”

“All personnel, contractors and support items are ready for the commencment of drilling at Copalquin. Mobilisation is progressing smoothly with turning of the drill bit scheduled to commence before mid July 2020, under the experienced management of Hall Stewart, Chief Geologist.

Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “While we continue to aggressively advance our re-engineering and optimization of the San Francisco mine, the residual leach operation continues to provide high-margin gold production that has helped to bolster our balance sheet. We continue to be excited about the prospects at San Francisco and look forward to providing our shareholders and the market with an initial view of the mine’s potential in the near-term.”