The Claim is being prosecuted pursuant to the established and enforceable legal framework of the International Centre for Settlement of Investment Disputes. The Company is financing the Claim with up to US$9.5 million in non-recourse litigation funding provided by a leading legal finance counterparty.
“There is a lot of interest from the companies, a lot of commitment to continue investing in Mexico,” Ana Lopez, manager of Newmont’s unit in Mexico said, although she noted that “the best conditions in terms of certainty, opportunity and collaboration are also necessary for us to continue to do so.”
Tim Warman, Atacama’s CEO, commented: “The Los Ingleses and Mexico Libre veins have seen very little drilling to date, so it’s especially encouraging to see multiple high-grade intercepts from both these areas, especially the gold-rich intercepts at Mexico Libre. The current drilling program has been extremely successful thus far in discovering, defining and extending the higher-grade zones that we’ve encountered in all the vein systems we’ve drilled to date.”
“We are excited to close the first tranche and announce RC drilling on the expansion area has commenced.” commented, CEO Brodie Sutherland. “This next phase of drilling will focus on the immediate expansion of mineralized trends to the north and northeast of the Main Zone, pushing the boundaries into undrilled areas.”
“The commencement of test mining and bulk sampling at Panuco is a significant milestone in our journey toward full-scale production,” commented Simon Cmrlec, Chief Operating Officer. “This major de-risking initiative not only allows us to validate development rates and conduct preliminary reconciliation to the resource block models and geotechnical models but also provides invaluable operational insights for our team as we advance the Project towards development.”
United States Antimony Corporation announced today the decision by its Board of Directors to move its corporate headquarters to Dallas, Texas, from Thompson Falls, Montana.
Alexander Langer, Sierra Madre CEO and President states, “Since acquiring La Guitarra in the spring of 2023 the Company has been focused on executing its goal of restarting production. We are pleased to have reached industrial production at the processing plant, on budget and over 6 months before original guidance.”
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Guadalupe East continues to provide exceptional high-grade results. In targeting the sparsely drilled 700m gap between the main ‘Laija’ area at Guadulupe East and the Echeguren Shaft, we continue to find mineralization. Drill hole 24GE-160 is particularly outstanding for its high-grade gold and silver, measuring half an ounce of gold and over 2 kilograms of silver over a metre in length. Both drill holes 24GE-160 and 24GE-162 demonstrate the potential for further expansion of mineralized material, amenable for underground extraction.”
“The existing mineralization in the upper Caracol-host already set a strong foundation for the initial underground sulphide resource. It is now becoming clear that the future project will be enhanced by the Zone 22 Extension, and we continue to be impressed with the drill results: high-grade, polymetallic, and favourable metallurgy. Zone 22 remains wide-spaced drilled and open down-plunge, offering significant potential for further infill and step-out drilling to contribute to both resource growth and upgrades.” – Sylvain Guerard, Orla’s Senior Vice President, Exploration.
Defiance Silver Corp. is pleased to announce a Mineral Resource Estimate prepared in accordance with the National Instrument 43-101 – Standard for Disclosure for Mineral Projects for the 100% owned Tepal Gold-Copper Project, located in the municipality of Tepalcatepec, Michoacán State, in south-western Mexico.
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