Category: Exploration and Development

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with the progress and high-grade gold results above and around the former mining operations at Santa Rosalia and other target areas. We look forward to progressing this Project potentially with a joint-venture partner and are excited to be located in between two highly valued mining and development operations. The approved drill permit allows Riverside to take the next necessary steps at Los Cuarentas.”

The RC drilling program at the Alacrán Project has been suspended with 36 holes completed for 3,604 meters. The best gold intersections include hole MDPC-143: 126.0m @ 2.0g/t Au from 1.5m; including 34.5m @ 3.9g/t Au.

Warren M. Rehn, Golden’s President and Chief Executive Officer, notes, “We’ve purposely held onto the Rodeo project for several years, waiting for the right opportunity to monetize this asset by utilizing our existing infrastructure to process its gold and silver. With the Hecla lease coming to an end this year, we intend to bring Rodeo into production in 2021. This PEA indicates that Rodeo presents us with the opportunity to realize over $24 million of after-tax cash flow in two years’ time with very low capital requirements, which will in turn support our work at Velardeña and other exploration projects.”

Bill Brodie Good, Technical Director, commented: “The highly successful IP survey carried out by highly experienced geophysical consultants has highlighted 2 robust and one slightly weaker magnetic anomaly, coincident with previous geophysical and rock chip sampling to date. The incorporation of promising results from IP, Gravity and Magnetic surveys has defined these anomalies.”

GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are very pleased to report the discovery of high-grade silver-gold mineralized zones in the San Juan area. These significant results demonstrate the district-scale potential for high-grade silver-gold veins within the Plomosas Project.”

Minera Gorrión rechaza categóricamente la versión proporcionada por la asociación civil sobre lo abordado durante el encuentro, y la calificación de soborno hacia el propio Ejido de Tecoltemic, el cual, busca mejores condiciones de vida, interesándose en el desarrollo del proyecto Ixtaca y sus potenciales oportunidades, sobre todo ante un activismo que no ofrece alternativas de desarrollo a comunidades vulnerables con alto riesgo de exclusión.

Ismael Leija Escalante, secretario general del Sindicato Nacional Democrático de Trabajadores Mineros, Metalúrgicos, Siderúrgicos y Conexos, advirtió que la anterior medida será incompleta, si no se incluye un segundo acuerdo en la contingencia sanitaria por el Covid-19 para que se considere a toda la minería como esencial y se permite que vuelva a trabajar.