Bacanora Lithium plc, a lithium development company, provides an update on the litigation with the Estate of Colin Orr-Ewing in regard to its challenge to the validity of the lithium royalty over the Sonora Lithium Project.
“The publication of the initial resource estimates at the Plomosas Project is the result of a systematic collection of geological information, data review and analysis in a 3D model. This has also allowed for multiple discoveries of high-grade silver and gold mineralization outside of the main mineralized body and has encouraged the Company to continue drilling on multiple targets outside of the resource area.”
Mexus Gold US confirmed that the activated carbon system at its Santa Elena mine located in Caborca, MX is working as planned and is currently producing gold. Mexus is enlarging the heap leach pad and has purchased the liner and seaming equipment to complete the job.
Mr. Hawley continues: “From hitting a lower feeder 75 meters to the east and now hitting a sheeted vein structure with a true width of 150 meters certainly says something about the robust multi-phase plumbing system that is the driver of the Santa Maria mineralization.”
Nomad’s Chief Executive Officer, Vincent Metcalfe, commented: “Listing on the NYSE represents a significant milestone in the growth of the Company. The listing will materially increase Nomad’s exposure to a larger and more diverse group of institutional and retail investors as we continue to grow our portfolio of precious metals royalties and streams.”
Warren Rehn, President and Chief Executive Officer of the Company, commented, “We wish Bob all the best on his pending retirement from a distinguished nearly 40-year mining industry career as a finance and accounting professional, including 12 years with Golden Minerals.”
James McDonald, Kootenay’s President and CEO stated, “We believe the spin-out of the Canadian Assets will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Canadian Assets by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two companies.”
Aloro Mining Corp. is pleased to announce that Alamos Gold Inc. has informed Aloro that after a short break and evaluation it has resumed its reconnaissance drill exploration program on the Los Venados claims, Mulatos District, Sonora Mexico.
Vizsla President and CEO, Michael Konnert, commented: “Although we’re eager to resume drilling, the health and safety of our employees and our communities is paramount. While drilling activities have been suspended, our technical team has used this unplanned downtime to refine our geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year.”
Sonoro’s President and CEO, Kenneth MacLeod, stated, “We are pleased that the average recovery rate obtained from these definitive tests exceeds the projected 72% recovery rate used in the Company’s July 26, 2019, NI 43-101 Technical Report which provided the project’s maiden mineral resource estimate. We’re also pleased that the tests demonstrate similar positive metallurgical recoveries across the entire resource area.”
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