Mexus President Paul Thompson added “With the Santa Elena operation expanding we feel that the fastest and most profitable way to return shareholder value is to find partners for our other properties. My goal is to have all 3 properties either producing or being drilled to a proven resource.”
COO Greg Liller notes, “I am very pleased with the positive results of our surface sampling program. Prime continues to fill in gaps in the existing data base, expand the known limits of the mineralization in the open pit deposits and, most importantly, add shareholder value to the Los Reyes Gold Mine project. In the near term we plan on increasing this program to test previously undrilled exploration targets and add further value.”
IMPACT Silver Corp. is pleased to announce the results of a sampling program in the Veta Negra area located 3.4 km to the northwest of IMPACT’s 535 tonne per day Guadalupe processing plant in the Royal Mines of Zacualpan District, Mexico.
“Phase I drilling allowed us to outline the footprint of the Alamos District and generate an inventory of silver-rich veins for systematic follow-up drilling,” stated Darrell Rader, President and CEO of Minaurum Gold. “Also, we are pleased to have acquired a significant quantity of historical data and expect that, once reviewed and verified, it will significantly enhance Phase II drill targeting.”
Mr. Carlos Silva, Chief Operating Officer, stated, “This property is situated in a very promising zone of the Zimapan Mining District and its proximity to the producing Zimapan Mine makes it a strategic acquisition for Santacruz.” Mr. Silva continued; “With respect to the Zimapan Mine, management discussions with Peñoles are at an advanced stage with respect to final terms of an agreement which would allow Santacruz to acquire the Zimapan assets.”
Riverside’s President and CEO, John-Mark Staude, stated: “The latest work by our technical team and corresponding results are very encouraging and we intend to accelerate exploration efforts at Los Cuarentas given the potential for new high-grade gold discoveries across the property.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “After receiving the wide silver results at the Faisanes target from our 2019 drill program, we are pleased to announce that work has begun on our 2020 program. The first phase will involve underground drilling from the existing San Marcial tunnel, where work is already underway to provide drill access.”
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “While overshadowed by the higher-grade Babicanora Main, Footwall, and Norte veins, the Babi Sur Vein is the fourth highest-grade vein of the 10 veins with estimated resources at Las Chispas. The results to date suggest a wider and higher-grade vein than estimated in the previous resource.”
“We would like to recognize the collaboration of the local community and the Mexican authorities with our team which has allowed us to reach this significant milestone in a timely fashion. This year will be an exciting one as we build and commission our first gold mine and complete the transformation of the Minera Alamos into a new gold producer. “ Stated Darren Koningen, CEO of Minera Alamos.
“Discovering an entirely new vein that has never previously been mapped, sampled or historically mined indicates the exploration potential that exists within the Panuco district” Vice President of Exploration, Charles Funk commented.
Mexico Mining Center © 2021 / All Rights Reserved
