The visual logging of the RC chip samples from the initial 7 holes continues to show evidence of wide zones of strongly altered rocks with porphyry style A, B, and C veinlets, similar to previously drilled zones at the Cervantes Project.
The Company is processing material that has been stockpiled at Velardeña since the mines last operated in 2015. The material was only partially processed during past operations and a gold and silver bearing pyrite concentrate has not previously been separated from the material.
“We continue to move rapidly forward with the Ana Paula project. The near future has a lot of valuation growth catalysts including resource growth, de-risking studies, accelerated path-to-production and continued exploration success. The first of the catalysts, an updated mineral resource estimate, is expected this month,” commented Heliostar CEO, Charles Funk.
The drilling encountered wide zones of classic low sulphidation epithermal alteration, high level chalcedonic silica, banded stockwork and massive quartz veining, and breccias with gold mineralization, but not significant high grade mineralization. Given the unexpected flat dip of the target breccia to the east and the significantly lower gold assays in hole 8, pursuing the breccia body down dip is not justified at this time.
Mithril Resources Limited refers to its previous ASX announcements in relation to the proposed Schemes of Arrangement under which Newrange Gold Corp. proposed schemes of arrangements pursuant to which Newrange would acquire 100% of the issued share capital of Mithril and pursuant to which the existing options to acquire shares in Mithril would be cancelled.
roco Resource Corporation. is pleased to announce a non-brokered private placement to raise gross proceeds of up to $2,500,000 through the issuance of up to 6,250,000 units at a price of $0.40 per Unit.
“This transaction fills in two key strategic gaps in the large land package East of the Palmarejo mine which unlocks significant potential in areas unencumbered by the existing Franco-Nevada gold stream. Once complete, our land holdings outside the gold stream-encumbered areas will increase by nearly 20% and the overall Palmarejo complex will consist of a single nearly contiguous district spanning over 70,000 acres of highly prospective and underexplored ground in the heart of the prolific Sierra Madre Occidental,” said Mitchell J. Krebs, Coeur President and Chief Executive Officer.
Mike Struthers, CEO, commented: “With the work done in recent months by our colleagues at Ausenco we now have, for the first time in the history of this operation, an understanding of how to correctly operate Campo Morado to maximise profitability. The execution of a new mine-to-mill program, an effective blending strategy, and multiple initiatives in the processing plant, will translate into major improvements to the bottom line at the operation.”
The name change will become effective on Tuesday, November 21, 2023 and, at the opening of the market on November 21, 2023, the Company’s common shares will trade on the TSX Venture Exchange under the new name.
Silver Valley Metals Corp., a brownfield exploration Company with two projects comprising silver-zinc-lead located in north Idaho, USA and lithium – potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico respectively, is pleased to announce the appointment to the Board of Directors, Mr. Miroslav Reba.
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