The Opodepe project represents a three-dimensional prospect for Starcore with possibilities as a moly deposit, or as a property with gold showings, and thirdly as a project with the potential for copper porphyry at depth.
“The intercept in drill hole CDH-094 demonstrates the Refugio structure continuity west to the next ridge with thick high-grade gold-silver mineralisation. Drilling is continuing at El Refugio with hole CDH-096, our deepest hole to date (504m), with a broad quartz breccia zone in the last 50m of the hole. The intercepts are in line with the geologic model and El Refugio continues to expand at depth and west, outside the first resource area within our 70 square kilometre Copalquin Mining District.”
“This is an exciting development in the exploration timeline of the El Cobre project. We now have a focus area to explore for a deep porphyry target that we hope will be the centre and source of the already known large area of alteration and mineralisation covering the project area.”
Mike Struthers, CEO, commented: “As the next step in increasing our trading liquidity and enhancing our capital markets profile, we are very pleased to report our elevation to the OTCQX Market.”
“Our decision to inventory a significant amount of silver during the quarter obviously impacted our third quarter financial results but those additional revenues and cash flows are expected to be realized in the coming quarters as prices improve,” stated Keith Neumeyer, President and CEO
Radius Gold Inc. is pleased to report progress from joint venture partner, Volcanic Gold Mines Inc., on exploration work in Guatemala.
Aztec CEO Simon Dyakowski commented “Success in the upcoming drilling program will help build our confidence in advancing the project to an initial open pit resource estimate and elevate the profile of the Cervantes project in a region that has both porphyry copper and heap leach gold production in Mexico.”
“The Cosalá Operations have re-started and will begin to generate revenue and cash flow in the fourth quarter. With the re-opening of the Cosalá Operations, I am confident that the Company will return to positive cash flow generation at current commodity prices, reducing the necessity of further equity financing,” stated Americas Gold and Silver President & CEO Darren Blasutti
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased to report our first-ever profitable quarter from mining operations based on continuing strong results from gold-silver production at Rodeo.”
“We are thrilled to have turned the corner to become a gold producer at our first mine in Mexico. It is truly a credit to the abilities of our technical group that we have managed to successfully complete this transition while dealing with all the challenges of the last 18 months as a result of the pandemic,” stated Darren Koningen, CEO.
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