A total of 35 samples were sent for assay, four of which were QA-QC samples. Significant results were found in 22 samples.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “One of the great things about exploration in the state of Zacatecas, Mexico is that due to the established infrastructure and seasoned contractors we can get a lot of work done at a low cost. Now that we are confident that the large IP geophysical chargeability anomaly is caused by a sulphide system, we feel it is time to bring in a second rig to expedite our exploration of the system.”
COO Greg Liller states, “Unlike many junior exploration companies, Prime aims to be a gold producer. Key to the plan to advance Los Reyes to near-term production, the surface sampling is providing a better estimation of the grades and tonnes of the first benches that can potentially be mined in the open pits. This estimation will provide confidence in the economic projections during the critical planning and mine startup phase.”
United States Antimony Corporation reported that production testing of the cyanide leach circuit at the Puerto Blanco mill in Guanajuato has begun. Security and transportation measures are being implemented.
Los directivos del hospicio agradecieron el apoyo a los mineros y reconocieron la labor que realiza la empresa para que los niños y jóvenes disfruten de esta época.
A six hole program has commenced drilling with the objective to extend the Indicated JORC Resource envelope down dip and to the south. These holes are targeted within the existing Inferred Resource envelope and will infill the identified mineralisation.
“Securing this US$125 million Credit Facility and one of the key permits marks two more critical milestones in the evolution of Orla, allowing us to maintain our schedule for advancing Camino Rojo toward production in mid-2021. We have accomplished a great deal to get to this point in just two years since the acquisition of the project. With the continued support of local communities, various levels of government, shareholders and now lenders, we can advance toward production by initiating construction in the coming months once the final permit is received,” stated Jason Simpson, President and Chief Executive Officer.
Pete Dougherty, President & CEO stated: “We believe this PFS demonstrates that CDG is a long-life, low-cost asset in an attractive mining jurisdiction, Guanajuato, Mexico. CDG fits well within our team’s abilities as another open pit heap leach project in Mexico and is an asset that supports our transformation strategy from being a high-cost producer to a lower-cost producer.”
This year has seen the most significant exploration successes since Premier acquired the mine in 2016.
Goldplay President and CEO Marcio Fonseca commented, “We are pleased to enter into the Letter of Intent with Mako, as it opens up the opportunity to fully review and potentially acquire highly prospective gold and silver assets adjacent to the San Marcial Project, including on-site infrastructure.”
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