Starting in January 2022, the Company expects to increase the throughput to an average of 1,800 tonnes per operating day.
“We continue to build our cash and working capital while undertaking exploration activities on our existing and newly acquired Opodepe claims,” reported Robert Eadie, CEO and President of the Company. “In addition to this, we are actively expanding our exploration at the San Martin mine and solidifying our resource to ensure the continued life of the mine.”
The Report supports the disclosure made by the Company in its news release dated October 27, 2021 “Southern Silver Increases Mineral Resource at Cerro Las Minitas to: Indicated 137Mozs AgEq or 2.3Blbs ZnEq: 42.1Mozs Ag, 358Mlbs Pb, and 895Mlbs Zn; and Inferred 198Mozs AgEq or 3.3Blbs ZnEq: 73.6Mozs Ag, 500Mlbs Pb, and 1,009Mlbs Zn”
Advance Lithium Corp. announces that further to the press release dated December 8, 2021 regarding its recent name change from Advance Gold to Advance Lithium, the stock symbol has changed from TSXV: AAX to TSXV: AALI. The new website is now live at www.advancelithiumcorp.com.
“We have had some delays in 2021 at San Javier but have also made some key determinations and discoveries. The IOCG thesis for ore genesis is intact. We have added some important claims to our ground position and have uncovered a new gold-copper zone that is manifest across a sizeable surface extent. We have also confirmed a high-grade metal suite and mineralogy which is consistent with our geological models and expect to make meaningful progress with drilling in 2022,” stated Christopher Berlet, President and CEO of Canuc.
“Our 2021 drilling program was designed, and successfully completed, to de-risk and target resource conversion ahead of production. This year’s drilling also resulted in the discovery and expansion of high-grade veins and zones as referred to in this release. With the 2021 infill program completed and mine construction at its peak, drilling will be scaled back at Las Chispas through H1, 2022.”
The Company announces that Pete Dougherty has ceased to be the President and Chief Executive Officer of Argonaut Gold effective immediately. The Board of Directors has commenced a search to replace these roles and is working in real time to put interim leadership in place.
“We enthusiastically welcome Deborah back to the Golden Minerals team and feel fortunate to have the benefit of her vast experience, notably as the Company moves forward into 2022 with the benefit of Rodeo cash flow and the potential for additional cash flow from Velardeña.”
Cameron Tymstra, President and CEO, commented, “We are incredibly pleased with the results of the Magistral PEA. This report confirms our previous expectations for this project in that it has the potential to generate significant free cash flow for Tarachi in a short timeframe with minimal capital investment. This project will allow us to self-fund future exploration programs on our projects in Mexico and help to reduce the risk of future shareholder dilution.”
Shareholders approved all the resolutions detailed in the management information circular of the Company dated October 26th, 2021.
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