Por mayoría, diputados locales recomendaron a las 18 empresas mineras instaladas en la entidad que cambien sus domicilios fiscales a Zacatecas y destinen un porcentaje de sus cargos directivos a trabajadores y pobladores de la región donde operan.
Millrock President & CEO Gregory Beischer commented: ‘We are pleased to have sold these projects to Riverside. We are bringing greater focus back to Alaska, and Riverside should be able to make good use of the database we have transferred to them. Ultimately we feel confident that Riverside will be able to find funding partners for the projects. If exploration on those projects is successful, Millrock shareholders will benefit from the portfolio of retained royalty interests.’
Carlos Silva, Chief Operating Officer of Santacruz, commented, ‘We are pleased with the progress of Phase 1 of the diamond drilling campaign. These drill results, in addition to those previously announced, confirm the continuation of the targeted mineralized veins along strike and at depth.’ Mr. Silva continued, ‘We have just started to realize the potential of this Zacatecas historical mining district where we control over 9,000 hectares covering a significant number of known veins and mineralized areas. Our plan is to build in Zacatecas a solid silver producing asset.’
Galore Resources Inc. is pleased to report that its 2,500- meter diamond core drilling program at Galores 100% owned El Alamo target and part of the larger Dos Santos project continues to progress well. Drill hole EA-001 was completed to a depth of 251m and EA-002 is underway. Senior geologists onsite are enthusiastic about what the drilling has encountered in the way of alteration and rock types. Logging of EA-001 has been completed and the core is currently being sawed and sampled for delivery to ALS Geochemistry laboratory in Zacatecas.
Riversides President and CEO, John-Mark Staude, stated: ‘Riverside has followed some of these Projects for many years now. Acquiring these Projects in one cost-effective transaction is a very nice step for the Company to further expand on years of data compilation and previous work with additional exploration and joint-venture opportunities moving.’
Neil Woodyer, CEO, stated ‘We are very pleased to finalize this debt financing and we appreciate the strong support from our three Joint Lead Arrangers, Societe Generale, Investec Bank plc, and ING Capital LLC and the new syndicate members. The combination of our new 5.5-year amortizing Term Loan and 5.5-year bullet RCF will provide a cost-effective and flexible structure to finance our growth. With long-term funding in place, we will now launch our phased development plan that positions Leagold to become a 600,000 to 700,000 ounce per year gold producer. ‘
Ridgestone Mining Inc. is pleased to announce that it has entered into an agreement to purchase a 100% interest in 10 mining concessions adjacent to its Rebeico gold copper project, Sonora, Mexico.
‘The completion of the feasibility study for the Camino Rojo Oxide Project marks an important milestone for Orla and substantial progress toward construction of the Companys first mine’, stated Jason Simpson, President and Chief Executive Officer of Orla. ‘The results demonstrate robust project economics with low development capital and a straight-forward path to approximately 100,000 ounces of expected annual gold production. We will be working towards submitting environmental assessment and permitting documents and securing project finance over the upcoming months with the expectation to deliver gold by mid-2021. With the continued support of local communities and stakeholders, we have a fantastic opportunity to develop a quality mine. We are also considering ways to unlock value from a much larger sulphide mineral resource and have initiated exploration on other priority targets on our extensive concession area’, added Mr. Simpson.
‘Our Lupita delineation and exploration program is emerging as an important success story at Mercedes,’ commented Stephen McGibbon, Executive Vice-President. ‘We are concurrently activating teams in under-explored areas on the property in an effort to discover new deposits’.
Indicated Mineral resources – 134 million ounces silver equivalent or 2.0 billion pounds zinc equivalent. A 0.97Mt increase to 11.1Mt averaging 105g/t Ag, 0.1g/t Au, 0.16% Cu, 1.2% Pb and 3.7% Zn (375g/t AgEq; 8.2% ZnEq), containing: 37.5 million ounces of silver; 35 thousand ounces of gold; 40 million pounds of copper; 303 million pounds of lead; and 897 million pounds of zinc.
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