“For the second consecutive quarter, Parral made GoGold self-funding by paying all of the exploration and administrative costs for the Company.”
“Despite the challenges of operating during the pandemic, 2020 marked a year of very strong operational performance with silver production significantly exceeding guidance,” said Hecla’s President and CEO, Phillips S. Baker, Jr.
Avino President and CEO, David Wolfin commented: “We are thrilled to have successfully gone over and above replacing mining depletion since the previous report, by adding significant additional measured and indicated resources at the Avino property. The updated mineral resource estimate provides us with a robust long-term outlook.”
The Company wishes to confirm that the case pertaining to its Ixtaca mineral claims is not being heard at the Supreme Court level and therefore this reported ruling cannot relate to the Company’s Ixtaca project.
During the past year, the Company completed two large drill programs totaling over 13,000 meters, collectively on the Columba and Copalito properties. Based on the results seen to date, both projects hold great promise for the discovery and development of a classic high-grade silver or silver and gold vein deposits, respectively.
Cameron Tymstra, President and CEO of Tarachi Gold, commented, “This past year was one of foundation building for Tarachi. The Company secured two option agreements totalling 3,708 ha of highly prospective gold claims in the Sierra Madre belt of Sonora, Mexico and signed a letter of intent for the Magistral Mill and tailings with potential to transform the Company into a near term producer of gold.”
The use of proceeds from this financing will be used to primarily fund the Company’s PhD geologist review of the Tenoriba project, fund 3D modelling of combined historical IP-Mag geophysical, surface and drill data, an infill IP/Mag geophysical survey on the 60% of the mineralized area on the project not covered by the historical survey and perform some confirmation mapping and sampling, which Company geologists feel are necessary prior to the selection of drill targets as part of its 50-hole, 7,500 metre drill program.
On January 11th, 2021 Canuc announced the results of a drone-supported magnetic survey conducted over the Company’s claims. The magnetic survey has identified 3 large magnetic anomalies each of which is 600 meters in width and with lengths ranging from 600 meters up to 1,000 meters.
“Management is delighted to see steady improvements with Campo Morado operations as a result of the dedication and hard work of all management and personnel at the mine site”, states Ralph Shearing, President & CEO, “Operations have achieved significant increases in throughput and concentrate production in an environment of increasing metal prices which is positively affecting revenues. Telson is looking forward to an excellent year ahead during 2021 from its Campo Morado mining operations.”
“Equinox Gold had another year of tremendous growth in 2020. We started the year with two producing gold mines and ended the year with seven producing mines, construction underway at an eighth site, and the announcement of our acquisition of Premier Gold Mines.”
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