“Throughout the Los Ricos district, we continue to see drill intercepts that have both the potential for bulk open pit mining and/or bulk underground mining. Both of these mining methods will be fully evaluated for best economics while keeping in mind our high ESG standards.”
“Discovery Hole LG-22-030 in the La Republicana target area represents not only the identification of 59.0m of near-surface gold mineralization but also a validation of an exploration process that we can use moving forward. Our geologic team through an extensive mapping and sampling campaign in conjunction with geophysics identified the types of northwest regional trending structures associated with major mineralization in the Mojave-Sonora Megashear.”
Defiance Silver Corp. announces it intends to seek TSX Venture Exchange approval to extend the expiry date of an aggregate of 6,187,201 warrants previously issued and exercisable at $0.45 per share by one year.
Aztec Minerals Corp. announces that it has completed the first 7 core holes totaling 1,607 metres (m) of the current 3,000 m, 11-hole Phase 3 core drilling program at the 100%-owned Cervantes Property in Sonora, Mexico.
Fortunately, we have had great success with these three diamond holes, with intersections that confirm the prolongation of NS and NE-SW structures previously cut in the last drilling campaign of 2009.
“Now that our partnership with BHP is focusing on a priority group of copper projects, the extensive data, relationships and additional targets we’ve generated within the broader EFA area can also be leveraged and pursued by Riverside.”
Barksdale Resources Corp. announces that it intends to conduct a non-brokered private placement financing of 4,166,666 units at a price of $0.48 per Unit for gross proceeds to the Company of $2,000,000.
Great Panther Mining Limited reports that, with the authorization and approval of its Board of Directors, it has determined to file a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (Canada) today, which will provide creditor protection while the Company seeks to restructure its affairs.
Tim Barry, CEO commented, “While we are disappointed that South32 has decided to terminate the option agreement for Sierra Mojada, we understand their reasoning given the inability to access the project site since September 2019.”
Kootenay Silver’s President and CEO Mr. James McDonald stated “Each new batch of results continues to justify our excitement for the Columba Project. We are seeing both the D and F Vein expanding with additional drilling and are planning additional work to evaluate the many high priority targets that remain undrilled.”
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