Category: Exploration and Development

Kootenay President and CEO James McDonald states, “We are happy to see good high grade now over a wide range of strike and depth along the F Vein.Just as exciting are the high grades we are seeing in previously unknown hanging-wall veins with assays up to 1,070 gpt silver. The consistency of the known veins tested to date and the newly discovered hanging-wall veins certainly increases our confidence in the resource potential of the project”.

Consolidated Zinc Limited is pleased to announce the full bench of the Federal Court of Mexico has ruled in favour of the Company’s subsidiary, Minera Latin American Zinc S.A.P.I. de C.V. and cancelled the prior Appeals Court of Chihuahua ruling in favour of the local rancher.

Pete Dougherty, President and CEO stated: ”By initiating a zero-cost collar gold price protection program on a portion of El Castillo’s estimated remaining life-of-mine production, we ensure profitability and are able to extend the mine life at our highest cost operation. Through either exploration success or a higher gold price, there may be potential to continue to extend the life of the El Castillo mine beyond mid-2022. With a strong portfolio of development assets, we felt prudent to lock in cash flow certainty at the El Castillo mine to help fund our development projects while also continuing to maintain exposure to an increasing gold price for our shareholders. This is an opportunity to ensure cash flow at an attractive price protection point. When looking at the total amount of Argonaut’s mineral resource base, this zero-cost collar program represents a very small percentage of total gold ounces.”

Fred Davidson, President & CEO of IMPACT stated, “We are encouraged by the results of this successful coarse gravity separation test work and with additional testing we will assess how the introduction of a DMS preconcentration process module may impact the economics to the point of turning a profit from operations. We are continuously working on reducing production costs and the application of innovative technologies have the potential to impart a significant positive impact on the cost structure of our operations. Combined with this positive news and improving sentiments in overall markets for precious metals in recent months — Capire now represents a realistic near term expansion production site for IMPACT.”

Montgomery and Associates is planning to diamond drill four holes of approximately 600 meters depth to collect around 20 groundwater samples from each hole.