“We are extremely impressed with the exploration results of 2020 from the Evelyn property including the high grades of some of the recent trench sampling. Our plan for 2021 is to capitalize on this momentum and swiftly prepare for a drilling program on the Evelyn Gold Project,” said Ron Goguen, President & CEO of Colibri.
Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to have drill-tested the Santa Rosalia target, which is only the first of four target areas along a 2.5 km mineralized trend. Results have demonstrated a structural complex environment that Riverside’s team is reviewing and using for refining and developing more targets that we look forward to testing in the coming months at Cuarentas.”
Vizsla President and CEO, Michael Konnert, commented: “The first results for 2021 are very encouraging. Tajitos continues to deliver high silver and gold grades and wide widths in areas of historic mining. The Company is expanding the known zones and stepping along strike for new bodies of mineralization in a systematic step-out drilling program that continues into 2021. The Company has commenced drilling for the year with five rigs in operation that continue to expand earlier discoveries and demonstrate the overall potential of the Panuco district.”
“After a short and well-earned break, the exploration team in Mexico has re-mobilised back to Copalquin, resuming exploration work in the district. Exploration activity is initially centred at the Cometa Project area with deeper drilling on the eastern side the large epithermal system discovery at El Refugio plus the expansive soil and mapping program at El Refugio west.”
“The updated Feasibility Study for the Camino Rojo Oxide Project demonstrates an increase in recovered gold, mine life, and cash flows,” stated Jason Simpson, President and Chief Executive Officer of Orla. “An already excellent project has been improved due to the hard work of the entire Orla team and I thank them for their efforts.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Hole AGT-23 is now underway, it has been designed to go underneath the hole where we hit high-grade gold and cut across from west to east the entire corridor of epithermal veins. Initially, it will cut across a key fault which we believe could be the conduit that is the source of the gold and silver mineralization in the corridor of veins.”
Capitan’s CEO, Alberto Orozco, stated: “The current drill program has continued to confirm our thesis that there is excellent potential to expand the size of the known resource at Capitan Hill. Results from the ongoing program continue to show wide intercepts of mineralization coincident with deep zones of oxidation, both down-dip of known gold zones, and also within areas of sparse, historic drilling along strike. We are excited to see that gold and silver mineralization continues to expand and remains open in all directions. This is indicative of how premature the maiden resource was for this project.”
Gary Thompson, President, CEO and Chairman of Gold79, stated,”We are pleased that the Taviche silver project has been placed in strong hands with Fortuna as operator. Significant exploration programs are contemplated; and, if successful, we could see our 20% interest purchased with funding from Fortuna. Gold79 continues to focus on its gold projects in the Southwestern USA.”
The Property scale survey has identified 3 large magnetic high features measuring 1,000 by 600 m, 800 by 600 m, and 600 by 600 m, respectively. Detailed processing of the data suggests that there are stronger magnetic features within the larger target areas which may represent areas of higher-grade mineralization.
Minaurum Gold Inc. is pleased to announce that Minaurum and its wholly-owned subsidiary Minera Minaurum Gold, S.A. de C.V. along with Fortuna Silver Mines Inc. and Fortuna’s wholly-owned subsidiary Compania Minera Cuzcatlan S.A. de C.V. have entered into an option agreement, pursuant to which CMC can earn up to an 80% interest in MGG’s Taviche silver project in Oaxaca, Mexico.
In conjunction with the Company’s 30 November news release, US Antimony Corp. announces that all assays have now been received for its Phase I 1100-meter reverse-circulation drill program at Los Juarez, Queretaro, Mexico. A total of 25 holes were drilled on concessions held by USAC.
Tocvan Ventures Corp. reports high grade gold and silver assay results at two new showings that significantly extend the known mineralization on the Pilar property.
Peter J. Hawley, CEO and President, remarks, “The results of the follow up sampling of the IP anomalies have provided favorable silver results over all on anomalies sampled, of which certain results were a pleasant confirmation of not only the location of the IP anomaly but also exhibiting silver grades on surface even though the anomaly is at depth. It is not common to sample almost one ounce of silver over a buried IP Anomaly.”
“Results from our first 20 diamond drill holes are demonstrating the El Favor deposit is hosted by a large scale zone of semi-parallel silver and gold bearing structures. The deposit is open along strike and at depth and may be amenable to bulk mining,” said Brad Langille, President and CEO.
Taj Singh, President and CEO, states: “We continue to confirm and expand the strike extent of the high-grade vein systems at Cordero. Step out holes at Parcionera have doubled the drill-confirmed strike extent to at least 1 km with clear potential for further expansion to the northeast. A review of historic drill core also indicates that Parcionera has a depth extent of at least 470 m. Drilling at the Josefina vein trend intercepted high-grade veins, several of which were within broader zones of disseminated mineralization. This opens the possibility of expanding the higher-grade bulk-tonnage domain to the east, potentially incorporating sections of the Josefina vein trend. We look forward to the results of follow-up drilling targeting this potential expansion.”
Thomas Atkins, President and CEO of Mammoth commented on the receipt of this drill permit, stating: “Since the recent announcement two weeks ago wherein Mammoth received surface access approval from the second of two ejidos enabling surface access on the Tenoriba project, Mammoth is now in receipt of the drill permit to drill up to 139 locations at its Tenoriba gold-silver property. All permissions are now in hand to enable Mammoth drilling Tenoriba.”
Xtierra Inc. has completed the first two drill holes and 732 meters of a planned five drill holes totaling 1500 meters into previously identified areas of high-grade silver mineralization.
Mel Herdrick, Sonoro’s VP Exploration, commented, “The good gold grades and wide intervals returned from the latest drilling results continue to add to the Buena Suerte mineralized zone and show that it has now become a large area with significant resource potential. I look forward to this zone being added to the next resource study which is to be conducted in the coming months.”
The work completed during the month of December focused on several different priorities including stream sediment sampling, detailed geological mapping and chip sampling of mineralization.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “These are extraordinary drilling results from the Plomosas Mine Area, indicating potential for size and scalability in the geological model to host attractive precious and base metals mineralization in areas close to existing underground development. We will continue with underground drilling in the vicinity of this polymetallic mineralization in 2021 and will also apply the technical knowledge to look for similar mineralization in other targets in the Plomosas Silver Project.”
“This news marks another important milestone on our path to production at Las Chispas.”
“As 2021 begins I’m reminded of the great opportunity we have at the Santa Elena property. Mexus controls over 20,000 acres with half being on the Mojave Sonora Mega Shear Zone. Fresnillo’s Noche Buena and La Herradura mines, which neighbors Mexus property, are mining this same system.”
“Average annual production is projected at 26,000 oz gold in Phase 1 and 4,200,000 oz silver equivalent in Phase 2. The critical path environmental permits are in hand for the first phase of production. Our next steps will involve detailed engineering, assessment of procurement options, and the evaluation of financing alternatives,” said Rob McEwen, Chairman and Chief Owner.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Three holes were completed near hole AGT-15 which previously reported a high-grade hit of 2.15m of 664.g/t silver. The most recent holes in the southern domain of the claims appear to extend the mineralization in veins to over 1000 metres. At the nearby MAG Silver mine, the highest grades were intersected several hundred metres deeper than where we have drilled the veins at Tabasquena. Our next focus will be to drill significantly deeper to test this depth potential, with drilling to begin shortly.”
Nine holes totaling 1,505 metres of RC drilling was completed.
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