Paddy Nicol, Orogen’s CEO, commented, “The discovery of the Navidad vein system has strong implications for significantly extending the life of the Ermitaño Mine and for Orogen’s 2% NSR royalty. Only seven holes have been completed in the Navidad vein, but the scale of the discovery is already apparent with high grade gold intercepts that are approximately 750 metres apart.”
“We are very excited about the new high-grade gold and silver system, Navidad; this is the most promising discovery at the Santa Elena property since Ermitaño was discovered in 2016. Four drill rigs are currently focused on this area, which appears to have the potential to expand as it is open in all directions”, stated Keith Neumeyer, President & CEO of First Majestic.
Sonoro Gold Corp. is issuing the following news release as a result of a review by the British Columbia Securities Commission to correct potentially misleading disclosures contained in corporate presentations posted on the Company’s website and emails distributed to an investor relations contact list, related to its Cerro Caliche project located in the municipality of Cucurpe, Sonora, Mexico, held by the Company’s Mexican subsidiary, Minera Mar De Plata, S.A. de C.V.
Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to a PFS release in September 2024 we continue to receive promising assay results, especially in the newly defined Keel Zone and high-grade El Tigre and Seitz Kelly veins.”
Sierra Madre Gold and Silver Ltd. is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes which contained approximately 3,000 grams of silver and 30 grams gold per DMT.
Octavio Alvídrez, Chief Executive Officer, commented: “I am pleased to report an increase in profitability over the period, driven by a steady production performance combined with careful cost management and higher gold and silver prices.”
“Development of Media Luna continues to track to schedule, with first production of copper concentrate anticipated by year end and commercial production expected in Q1 2025. As at the end of June, Media Luna was 78% complete across engineering, procurement, underground development/construction, and surface construction, compared to 69% at the end of March.
Vizsla Royalties Corp. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of C$4,967,498. A total of 82,791,636 common shares of the Company have been issued at a price of C$0.06 per Share.
The Company is excited to be mobilising equipment during the week beginning 29th July 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be accessed a mining contractor will be engaged to drive a 100m long 3 metre x 3 metre access tunnel to the mineralised body.
Akiba Leisman, CEO of Mako states, “these exceptional results across multiple zones at Las Conchitas are showing high grade potential over hundreds of meters of strike. Now that the RC program has ramped up, averaging over 1,000 meters of drilling per week, we will be reporting results on a more frequent basis.”
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