Mako Mining Corp. is pleased to provide an update on its recently completed rights offering; progress at its fully-permitted San Albino project in Nueva Segovia, Nicaragua where we are developing a high-grade open pit gold mine next year; the closing down of its La Trinidad mine in Sinaloa, Mexico; and management and board changes, including the appointment of Akiba Leisman, formerly Interim CEO, as CEO of Mako.
Goldplay President and CEO Marcio Fonseca commented, ‘A year ago, our data indicated high-grade silver, lead and zinc at San Marcial. We have now added high-grade gold over multiple target areas covering approximately 6 km of trend prospective for gold and silver mineralization.’
Gernot Wober, VP Exploration stated, ‘The first-ever documented underground results from the historic mines at Minerva were impressive. Mapping and sampling of the underground workings, in addition to surface work completed previously, continues to indicate that the mineralizing system is very high grade. The current results are extremely positive and support the drilling program that we plan to initiate later this year, the first drilling the Project has ever seen.’
‘The receipt of the MIA permit approvals represents the culmination of our efforts over the last couple of years to transform Minera Alamos into a commercial gold producer. We are extremely proud of our technical teams efforts to successfully obtain operating permits for the Santana project in a little over a year following their submission.’ stated Darren Koningen, CEO of Minera Alamos.
VVC Exploration Corporation is pleased to announce that the Board of Directors has given its approval for the start of a Pilot Mine on the Gloria Zones of the Kaity Claim (Gloria, Gloria Extension, Gloria East and Gloria NW) at its Northern Mexico Copper Project.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: ‘We are in a unique position for a gold and silver explorer as having found a fully intact epithermal vein system. This is a fairly rare occurrence…”
A cinco años del derrame de 40 mil metros cúbicos de sulfato de cobre acidulado de la mina Buenavista del Cobre en la cuenca del Río Sonora, un grupo de expertos concluye que el impacto de tal fuga fue nulificado dos días después del incidente.
During the quarter, one underground and two surface core drill rigs at San Sebastian successfully added new mineralization to the Middle and El Toro veins, respectively, potentially adding oxide mine life to San Sebastian. One reverse circulation drill continued to define promising near-surface targets in the El Toro area.
Dan Smith, Chairman of Alien commented, ‘Given the increase in the silver price during 2019, the timing for a potential farm-out or joint-venture in respect of the Los Campos and San Celso projects is increasingly attractive. These short sampling programmes enrich and corroborate historic data, ensuring the Company is well-prepared to advance these projects. We will provide an update following receipt of the assay results, likely to be during the course of August.’
CEO John Lawrence said ‘USAC is now on the cusp of an operational break out with the installation of three LRF furnaces at Madero, the startup of major gold and silver production from Los Juarez, and the continued increase in BRZ sales of zeolite.’
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