Colibri Resource Corporation is pleased to announce that it has contracted Major Drilling for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca, Mexico.
“Vizsla continues to deliver new high-grade veins across the district. We are conducting first pass drilling on multiple veins at Panuco to establish priorities for possible resource definition drilling. While that program proceeds, we are mapping and sampling the many veins in the district. That mapping continues to reveal areas of high-grade mineralization previously not known to us. The Honduras vein is one such locality.” President and CEO, Michael Konnert commented.
Sonoro Metals Corp. announces that discussions regarding project debt finance and engineering, procurement and construction (“EPC”) contracts with China-based EPC companies continue to advance.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “The third phase of geophysics has extended the length of the continuous chargeability anomaly and has given us better depth resolution. At the southern end of the survey area the chargeability anomaly appears to come much closer to surface and increases in magnitude. With this in mind, we will now be using the second rig on the property to drill this new southern target.”
CEO John Lawrence said “The beginning of gold and silver production for USAC is excellent at a time when most non-ferrous metal prices are challenged. The cash flow from the precious metals will supplement the BRZ zeolite and antimony production.”
First pass rock chip results of outcrops and old workings returned exciting results with grades up to 61.0g/t Au, 27.5g/t Au and 7.42g/t Au, with the highlights presented in Table 1 below. Refer to Table 2 for the results of rock-chip samples.
“We are pleased to add this high-grade project to our portfolio,” stated Darrell Rader, President and CEO of Minaurum Gold. “Historical data shows that the project has never been drilled deeper than 135 m and some of the deepest holes stopped in mineralization. Our due diligence found evidence that past exploration and current mining targeted only the highest levels of a substantial epithermal gold and silver system. We will permit and drill several deep holes in 2020 to test our geological model.”
Bradford Cooke, CEO of Endeavour, stated, “Our exploration programs were successful last year in outlining new brownfields discoveries at three of our mines and projects in Mexico. We expanded the measured and indicated resources at Guanacevi and Parral and increased inferred resources at Guanacevi, Bolanitos and Parral. Our reserves declined at Guanacevi but increased at Bolanitos and El Compas.”
Philip O’Neill, CEO of Mexican Gold, stated, “New Found Gold’s maiden drill results are encouraging. The Queensway Gold Project demonstrates the potential for a significant near-surface discovery in a friendly, easily accessible mining jurisdiction. The resulting company will be very well capitalized to further explore and undertake multiple drill campaigns on the Queensway Project. We will also be well funded to further advance our Las Minas project in Veracruz, Mexico.”
“After suspending Campo Morado mining operations during August 2019 we are very pleased to be in a position to inform shareholders that improving metal prices and improved community relations have allowed us to resume full scale mining operations to re-initiate concentrate sales and cash flows” states Antonio Berlanga, CEO, “with the mine back in production the local community of Arcelia will once again have a major source of employment available and will benefit from the renewed economic activity.”
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