In Mexico, the company said an induced polarisation magnetic survey was underway at the Donovan 2 copper-gold project and an underground sampling program was being finalised for its San Celso silver project.
Chesapeake Gold Corp. is pleased to announce an option to acquire a 100% interest in the El Duraznito gold-silver project located near the town of Tayoltita in Durango State, Mexico. Regional reconnaissance identified El Duraznito and follow up grassroots exploration generated impressive results. El Duraznito is located about 18 kilometers east of First Majestic Silver Corp.’s San Dimas Mine.
“With production from the Bonanza Zone in sight, we are very pleased that the 2019 drilling program lived up to expectations by improving the understanding of the Deep Zone, which should add many years of life to the mine,” said George Paspalas, President and CEO of MAG.
“2019 exploration drill results incorporated into the latest December 31, 2019 reserve reports for both the Nevada and Oaxaca Mining Units demonstrate significant exploration potential,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The signing of the definitive share purchase agreement, and the ultimate acquisition of the Plomosas Project, together with the associated infrastructure and exploration database, will allow the Company to advance hunt for additional high-grade silver and gold resources in 2020.”
CEO John Lawrence said “The initial trials of the cyanide leach circuit for Los Juarez have been a success. We intend to have further details on estimated grades as production is ramped up. Proceeds from the 100 ton per day pilot will be used to complete the installation of the 400 ton per day mill.”
Chesapeake Gold Corp. is pleased to provide a further update on the exploration program at its Crisy and San Javier prospects in Durango State, Mexico. Crisy and San Javier are located 15 kilometers south and 12 kilometers southeast, respectively, of Chesapeake’s world-class Metates Project. Metates hosts one of the largest undeveloped gold, silver and zinc reserves in the world.
Almaden believes that the Amparo is not related to any genuine Ejido concern regarding its surface rights and lands. Instead, the Amparo is a broader legal challenge by foreign-funded anti-development NGOs against Mexico’s mineral title regime using Almaden’s mining concessions as a test case.
Thomas Atkins, President and CEO of Mammoth commented on activities at Tenoriba, stating: “Mammoth believes it’s a significant vote of confidence on the mineral potential at Tenoriba that Centerra, with its experience in geological systems similar to those which host gold at Tenoriba, has elected to continue with the Tenoriba option in 2020.”
Colibri Resource Corporation is pleased to announce that Major Drilling has starting drilling the maiden drill program at Colibri’s Evelyn Gold Project located 60 km NW of Caborca Mexico.
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