Heliostar CEO, Charles Funk, commented, “These metallurgical results represent a significant step-change in our understanding of the Ana Paula Project. An 80.4% recovery using conventional grind sizes and recovery techniques indicates the High Grade Panel has the potential to be processed through a simple mill flowsheet.”
“We are very excited about the first phase of drill results at Lucy. The drill results suggest a mineralized skarn that outcrops at surface, and the system has been traced over a strike length of at least 500 metres. Follow-up exploration is planned to better evaluate the scope and scale of this new discovery.”
Valterra Resource Corporation reports that it will change its name to “Nickelex Resource Corporation” pursuant to a resolution passed by directors on August 28, 2023.
Fred Davidson, President & CEO stated: “The graduation of the Company’s shares to the OTCQB not only points to the strong corporate profile of IMPACT Silver but is also timely as the Company embarks on the final steps of the transformational refurbishment of the recently acquired high-grade zinc mine at Plomosas, representing a significant growth step to complement our existing producing silver assets at the Royal Mines of Zacualpan.”
Chris Wright, Chairman & CEO, commented: “Multiple years of technical analysis have outlined and confirmed that resource building targets exist in the hanging-wall and footwall of the main Veta Grande structure. Our team has diligently built a comprehensive geologic model that has led to the intersection of wide intervals and high-grade mineralization.”
“These new appointments will allow Newmont to safely and efficiently make decisions to deliver the integration of Newcrest and ensure long-term world-class leadership across the larger business. Our future expanded portfolio will require strong and experienced leadership to support and care for our people, neighbors, stakeholders, and assets for years to come.”
Azucar Minerals Ltd. reports that, further to its press release of June 2, 2023, it has received notification from the First District Court of Veracruz that its Mexican subsidiary, Minera Alondra has been named in a lawsuit relating to twenty-four mineral concessions in Veracruz, Mexico, some of which are held by Alondra.
The Nomad Gold Stream has now been fully completed and no further quarterly gold payments are due in respect thereof. As a result, over 300 additional ounces of gold produced at Mercedes per month will now be fully available for sale by the Company.
Eric Caba, President and CEO of Bear Creek, states, “The Restructuring Agreement is a major milestone for Bear Creek. Together with our recent agreement with Equinox Gold to refinance the Mercedes Deferred Payment, we have removed all near-term debt maturities through September 2028. This greatly improves Mercedes’ ability to re-invest in the long-term success of the mine via the exploration potential that we see at Mercedes and return our focus to the advancement of the Company’s Corani project in Peru, our cornerstone asset.
Kootenay’s President & CEO, James McDonald states, “We are very pleased with the progress so far. I am encouraged to see the strongly mineralized D-Vein encountered as expected in these holes and significantly wide halos of stockwork mineralization that adds to the potential to increase known mineralization more quickly along this structure. We are awaiting assay results and will report on them when received and compiled.”
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