Pan American Silver Corp., the project operator, plans a minimum 3500m diamond core drilling with a second rig to be deployed to test the El Cuervo target in the coming weeks. The current drill program will be fully funded by Pan American pursuant to its option to earn an interest in the Amalia Project.
Xali Gold Corp. is pleased to advise that exploration permit applications have been submitted for the El Dorado Gold-Silver Project, located in Nayarit State, Mexico. Based on the new 3D model, which identified high-grade mineralization occurring in multiple parallel veins at a spacing close enough to potentially access several veins through common development workings, a drill program with a minimum of 2000 meters is planned for Q4 2021/Q1 2022.
Riverside’s President and CEO, John-Mark Staude: “In addition to our active exploration group in Mexico, Riverside is moving forward in Canada not only with the recent deal with iMetal Resources but also with new High Lake Greenstone portfolio of projects that present strong potential for new gold discoveries.”
Capstone Mining Corp. announces that Mr. Richard N. Zimmer has retired from the Board of Directors of the Company effective August 17, 2021.
Gold Resource Corporation considers the health and safety of its workers and host communities a fundamental priority of the Company’s operations. Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three days, the number of individuals in isolation at the Don David Gold Mine has climbed to 102, stretching our camp and extra accommodations in the local communities to the limit.
“Drilling at Platosa continues to define high grade mineralization ahead of production,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development.
“We’re pleased with these exceptional grades contained within wider zones of strong grades at Casados. As we work towards our initial resource at Los Ricos North expected this fall, we’re beginning to work on finalizing our models for certain areas of the project.”
Duane Poliquin, Chairman of Almaden, stated “Almaden has a demonstrable and long-standing commitment to conducting its business in a manner which promotes the quality of life of local people. However, as the Ixtaca project advances, so does its potential to impact human rights both directly and indirectly.”
After a declining US $42 Friday at US $1764, on Sunday approximately 24,000 gold futures contracts with a notional value of approximately US $4 billion were sold in what was predictably a very thin market, filling every bid down to US $1677 and, in doing so, gold’s price reached last March and April’s double bottom before rebounding US $76 to $1753.
“Newfoundland offers a favorable regulatory environment, supportive communities, outstanding provincial geological survey, near year-round operating conditions, excellent property access and of principal importance, significant potential for new deposits as indicated by the number and quality of recent successful exploration projects,” said Greg Davison, Silver Spruce VP Exploration and Director.
Mexico Mining Center © 2021 / All Rights Reserved
