Aztec Minerals Corp. announces that it continued to intersect gold mineralization extending the California Zone to the North and to depth with initial Au assay results for the final three core holes from the recently completed Phase 3 core drilling program at the Cervantes Project in Sonora, Mexico.
Akiba Leisman, Chief Executive Officer, states that “Q3 2022 was the fifth full quarter of financial results since declaring commercial production at San Albino.”
“I am extremely pleased that the Court determined that the plaintiff’s action could not proceed and that the Company can move forward to focus on value creation from our large silver-rich resource base,” stated Americas President and CEO Darren Blasutti. “In addition, with new collective bargaining agreements for unionized workers at the Galena Complex and Cosalá, the operations should benefit from stable operations during a period of forecasted production growth.”
“Drilling continues to expand the size of the newly acquired Eagle zone and continues to confirm high grade wide intercepts in the Main deposit,” said Brad Langille, President and CEO. “These results further confirm that both the Main zone and the Eagle are developing into bulk mineable high grade deposits which should significantly increase the value of Los Ricos South.”
Garibaldi Resources Corp. has arranged a non-brokered private placement of up to 10 million flow-through units at a price of 30 cents per flow-through unit for gross proceeds of up to $3-million and four million non-flow-through units at a price of 25 cents per unit for gross proceeds of up to $1-million.
“We continue to achieve quarterly increases measured both in tonnage mined, and precious metals produced, which reflects the efficacy of our ramp-up programs at our four producing silver mines,” said James Anderson, Chairman and CEO of Guanajuato Silver.
Ranchero Gold Corp. is pleased to announce the closing of its draw-down facility with American PT Metals LLC.
SilverCrest Metals Inc. is pleased to announce that it has refinanced its US$120 million secured project financing facility, of which only US$90 million was drawn, with a new US$120 million senior secured credit facility through a syndicate of lenders comprised of The Bank of Nova Scotia and Bank of Montreal.
“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment,” states Rick Trotman, President and CEO of Barksdale. “Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside.”
Eric Caba, President & COO, states that “Bear Creek anticipates Q4 2022 production of 12,500 to 13,500 ounces of gold. Recent underground definition drilling at Marianas is encouraging with intercepts of 3.5 meters at 5.8 g/t Au and 3.6 meters at 13.1 g/t Au in hole UG-MR22-107 which will contribute to production in the near future at significantly higher mining grades than the current model.”
Mexico Mining Center © 2021 / All Rights Reserved
