Mr. Thompson added, “The signing of an agreement for the Mabel property allows us to turn our focus to finding the right JV partner for the Santa Elena project and to confirm what is believed to be a potential 1,000,000 plus ounce gold resource. I wish everyone a Happy New Year and am excited for what 2022 holds for Mexus and its shareholders.”
Aside from tremendous knowledge, David brought with him passion, energy and drive, and he will be greatly missed by those who had the good fortune of knowing and working with him.
Mr. Bellemare is replacing Tim Breen as Mubadala Investment Company’s Board appointee and will also serve on Equinox Gold’s Environment, Social and Governance Committee.
During his 40-year career, David had a passion for geology and strived to push geological boundaries while exploring in frontier jurisdictions.
“The results of our preliminary airborne magnetic data provide some strong clues about the structural setting and underlying ‘plumbing system’ of the HP Breccia gold zone. Together with the regional government magnetics, we see evidence for a deeper intrusive body that could be linked to the hydrothermal fluids and related potential for epithermal vein systems that are the target of Southern Empire’s upcoming drill campaign.”
“We are very pleased to commence drilling and to apply modern geological science to the rich history of this very prospective target area.” Our staged approach to drilling has been proven effective by other programs in the region and is the preferred strategy for advancing the project.”
This drawdown takes the total amount of debt accessed to date to US$90 million.
“2021 was a transformative year for the Company, with significant milestones achieved including more than doubling the Company’s Resources with our initial Mineral Resource Estimate at Los Ricos North, and a Preliminary Economic Assessment at Los Ricos South released.”
“We are pleased to be working again with Saul Ruiz and his team at Green and Ceo to advance the permitting process for our maiden program of trenching and drilling proposed for Jackie. The original environmental application for our El Mezquite property attested to their high-quality technical reporting skills and expertise,” stated Greg Davison, Silver Spruce Vice-President Exploration and Director.
This bridge loan replaces the funding recently lost to Altaley upon the cessation of operation of the Accendo Banco and is more than enough capital to complete and ramp up operation at Tahuehueto where construction has advanced to at least 95% completion and where initial production is anticipated to commence at the end of January, only slightly behind managements targeted expectations.
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