Silver Viper’s President and CEO Steve Cope states, “The intercepts from El Rubi continue to show a highly encouraging trend of stronger mineralized widths and grades as we progress northward and to depth. We are excited about the commencement of a second drill on the property which will be positioned to evaluate additional prospect areas along the trend and adjacent to El Rubi.”
Sonoro Metals Corp. announces the completion of a comprehensive technical assessment on the 17 zones of gold mineralization identified to date at its Cerro Caliche project in Sonora, Mexico. The purpose of the assessment was to evaluate the potential for a material increase in the current 201,000 oz AuEq resource as well as the potential to delineate further resources throughout the mineralized zones. A program combining reverse circulation and core drilling for up to 50,000 meters of drilling will be carried out in several phases.
Prime Mining’s COO Greg Liller notes, “These new sample results continue to make a positive impact on the overall resource model so we are adding a few more weeks to the scheduled release date of the resource report to allow time for making the model adjustments and include this new data.”
“We are drilling these short holes in order to obtain assay information on the upper 100m portion of the Los Ricos vein that forms the face of the el Abra hill. This part of the deposit has not been drilled in the past and is essential to complete these drill holes for estimating the resource,” said Brad Langille, President and CEO.
Fred Davidson, CEO, stated, “Our Royal Mines of Zacualpan property covers a large mineral district with over 5,400 prospects and 88,000 rock and drill core samples all catalogued in our database, many of which we have yet to explore.”
“We are pleased to see First Majestic’s effort and commitment to complete the underground development in 2020,” commented Evrim President and CEO, Paddy Nicol. “Evrim holds two royalties (Ermitaño and Cumobabi) in the vicinity of the Santa Elena mine and we see a bright future for the mine and our interests. We are very excited about the prospect of receiving our first ever royalty payments in 2021 upon the commencement of commercial production at Ermitaño.”
“Since Campo Morado re-started operations on January 26, 2020 the mill operated for 21.5 days to February 22, 2020, averaging approximately 1900 tonnes throughput per day. On eleven days, mill throughput production exceeded 2,000 tons per day, achieving a maximum rate of 2,193 tonnes per day” states Ralph Shearing, CEO.
Radius Gold Inc. is pleased to report that Pan American Silver Corp. has elected to exercise a right to include the 800ha Palmillas Properties within the Amalia Project joint venture. The Palmillas Properties host multiple exploration targets, including high-grade silver-gold mineralization, outcropping 1.8km northwest along strike from the drill defined high-grade zone at San Pedro.
“Today’s exploration results bring us another step closer to ensuring a longer mine life for Santa Elena,” stated Keith Neumeyer, President and CEO of First Majestic. “Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results.”
Octavio Alvídrez, Chief Executive Officer of Fresnillo plc, said: “Juanicipio is an outstanding project which will generate strong returns for our shareholders, and significant benefits to the region. We continue to de-risk and refine the best construction plan that will drive the most value and ensure we capitalise on the opportunity that Juanicipio presents. I am pleased to confirm we are accelerating development of the underground mine and as a result, I expect the mine will be producing silver and gold ahead of schedule in 2020.”
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