Category: Exploration and Development

Newmont’s Peñasquito Mine and Cedros Community in Mexico Agree to Water Pact

“Our water agreement with the Cedros community represents a meaningful turning point towards a long-term partnership anchored in our common purpose to create value and improve lives,” said Tom Palmer, President and Chief Executive Officer. “Having reached agreement on this pivotal issue, we look forward to continuing our good-faith dialogue to resolve the remaining issues so we can move from confrontation to cooperation.”

Defiance Provides Exploration and Corporate Update

George Cavey, P.Geo of OreQuest states: “The Zacatecas camp is one of the major historic mining districts in Mexico. San Acacio offers a number of intriguing targets. Near-term, the Veta Grande system has good potential to increase resources…A targeted core re-log and selective re-assay program at both San Acacio and Tepal has been initiated and will continue through 2020.

Mammoth Provides Update on Activities at its Tenoriba Gold Property, Mexico

Thomas Atkins, President and CEO of Mammoth commented on activities at Tenoriba, stating: “Centerra returned to the area in mid-October to renew its consultation efforts with the objective of formalizing surface access agreements with both of the two ejidos and the re-initiation of exploration activities on the property as soon as possible. Two additional meetings are scheduled this year to advance this process with the two ejidos.”

Megastar Identifies Multiple High Potential Epithermal Targets at Magdalena Project, Mexico

Exploration manager and Director David Jones states: “Our experienced and highly motivated team has generated multiple high-potential epithermal targets in only two short months. We have mapped a principal 300 by 285 meter area of surface gold mineralization defined by 58 samples above 0.20 g/t, which include two samples above 3.00 g/t gold, and 12 samples above 1.00 g/t gold. This main zone, along with other prominent outliers, constitute easy-to-access and drill-ready targets. We look forward to rapidly advancing and expanding the potential of the Magdalena project.”

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