The company is initially targeting a five to ten million tonne, shallow high grade Cu-Au resource localized along the strike length of the exposed skarn zone. Further work will examine the deeper potential of the mineralizing system including a potential Porphyry Cu-Au source for the shallow high-grade mineralization.
“We’ve had a longstanding relationship with NASA,” said Denise Johnson, group president of Caterpillar’s resource industries unit, which produces and markets mining and large construction products and accounted for $10 billion of Cat’s total $54.7 billion in sales and revenues in 2018.
”We are encouraged with these new results in the San Juan ore shoot and we are quickly demonstrating the potential for near surface mineralization and our drilling program will continue to focus on following the ore shoot down dip and along strike,” said Brad Langille, President and CEO.
Luis Castro, Vice President, Exploration commented, ”These infill drill holes at the Sierra Plata mine on the Veta Colorada vein continue to outline two significant, parallel mineralized zones over a 400 m length by 300 m depth below mine level 7. These mineralization zones are extensions of the orebodies mined by Grupo Mexico decades ago”
“We appreciate the government’s efforts to uphold the law by assuring ongoing access to and from Peñasquito while continuing to sponsor the dialogue process, should that continue to be needed,” said Tom Palmer, President and Chief Executive Officer. “Our focus is on ensuring a safe start up of operations so our workforce can return to their jobs in an orderly manner.”
Andrew Bowering, President of Prime Mining Corp. announced today that excellent progress is being made in the exploration and development program underway at the Los Reyes gold-silver project in Mexico for a planned forty-five-hundred-tonne-per-day heap leach operation. Prime also announces that it has made the 3rd US$1.5 million payment to Vista Gold Corp. to acquire 100% interest in the Los Reyes Gold Project. Pursuant to an option assignment agreement with Minera Alamos Inc, Prime Mining has now paid US$4.5 million of the total US$6 million purchase price. A final payment of US$1.5 million is due the sooner of October 23, 2021 or within 30 days of the announcement of a production decision.
Radius Gold Inc. is pleased to announce that phase 3 diamond drilling has commenced at Radius’s high-grade gold-silver Amalia Project located in Chihuahua, Mexico. Pan American Silver Corp. is now operating the Project and plans a minimum 2500m diamond core drilling. The current drill program will be fully funded by Pan American Silver pursuant to its option to earn an interest in the Amalia Project.
Layne Drilling is drilling on 24-hour, 7-day a week basis, and the operator (Montgomery & Associates) reports no drilling difficulties. Changes in drilling methodology for the Phase III program have been shown to be successful and drilling to target depths of up to 600 meters are expected to be achieved.
“Following a comprehensive selection process, led by our Chief Financial Officer Etienne Morin, and supported by our independent advisors Cutfield Freeman & Co., some of our key shareholders have re-iterated their support by agreeing to provide Orla with a simple and flexible debt facility, the proceeds of which will be used for the development of our first mine. We appreciate the interest of other debt providers, ranging from conventional banks to streaming companies and alternative debt funds, who were willing to support the Orla team and were eager to be part of our company’s growth”, stated Jason Simpson, President and Chief Executive Officer.
One World Lithium Inc. announces that the continuation of Phase III drilling program has been initiated today at its Salar del Diablo brine aquifer property located in Baja California, Mexico.
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