Defiance Silver – Clarifying News Release
December 9, 2024
Defiance Silver Corp. would like to clarify certain statements contained in its news release dated October 30, 2024.
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Defiance Silver Corp. would like to clarify certain statements contained in its news release dated October 30, 2024.
“This afternoon we were presented with a notice from the Director General of Mines to temporarily suspend activities at our Morelos Property to facilitate their inspection associated with the tragic incident that claimed three lives last week. Officials from the Mining Unit are expected to arrive to our operations on Tuesday and they will receive our full cooperation.”
“Drilling is progressing well at the Target 1 resource area, the first of several targets at our district scale high-grade Copalquin silver and gold project. With ~1,500 metres completed since the recent restart, we have now completed 6,300 metres of the expanded 9,000 metre Target 1 resource update drill program, announced late June 2024. The recent drill core logging supports the ‘big picture’ geologic model for the widespread silver and gold mineralisation across this 10 km wide district.”
John MacKenzie, Capstone’s CEO, commented, “I am pleased to share our 2023 sustainability report for Capstone Copper. Bringing together the assets and teams of our two predecessor companies has enabled us to realize opportunities of scale, cross-learning and technical excellence as we endeavour to grow responsibly and create a positive impact in the lives of our people and communities.”
Robert Cameron, CEO of Commander, commented, “This business combination with Enduro builds on Commander’s current exposure to copper and gold projects by adding the Newmont Lake project, one of the most exciting and prospective exploration properties in Canada, to the already broad asset base within Commander. This Transaction represents a fantastic opportunity for Commander shareholders to get exposure to the renowned Golden Triangle at the centre of Canada’s critical mineral development strategy.”
Greg McKenzie, President and CEO, commented: “We are really pleased with the drill results from Phase 1 & 2 within Central Rosarios. Three of the high-grade areas collectively reported today outline a terrific zone at depth with continuity over a strike length of 275 metres. Two of these areas were predicted to be blank within the existing resource model.”
“The success of our exploration program highlights the potential for long-term organic growth at many of our assets,” said Christopher Emerson, Vice President of Exploration and Geology at Pan American. “Based on the results we were achieving in exploration this year, we increased our drill budget to over 450,000 metres for 2024. This exploration update highlights these results, and showcases the ongoing discovery of new mineralized structures in and around our existing mining operations.”
“There are no words to properly express the sorrow we feel as we mourn the three individuals who lost their lives at ELG Underground. Our focus has been on supporting the families of our employees to the fullest extent, and on supporting our team at site through this very difficult time.”
Orla Mining Ltd. is pleased to announce the appointment of Dr. Silvana Costa as the Company’s new Chief Sustainability Officer, effective January 13, 2025.
“I asked Marath, the Secretary of Labor, to increase inspections and to thoroughly review them because it cannot be that here (Mexico) some (safety) standards are applied by Canadian companies and in Canada others are applied,” said the president on Friday at her press conference.
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