Telson Mining Corporation is pleased to announce that it will complete its name change to “Altaley Mining Corporation” on June 11, 2021, as previously announced in a news release dated May 10, 2021.
The proposed program consists of 2,000m of diamond-core drilling using experienced contractors from the neighbouring state of Sonora. Drilling aims to test extensions of known gold mineralisation along strike and at depth, as well as target areas of interest identified from prior drilling results, combined with information gained from a detailed structural mapping completed by consultant geologists Minera Cascabel.
“Tocvan sees this as a tremendous opportunity to add to our portfolio of strong gold assets and El Picacho will be the perfect compliment to Pilar. The amount of quality exploration work completed to date on the project provides Tocvan with several gold targets that can be advanced to drill ready status quickly.”
“The drilling clearly establishes the Saldivar salar as a bulk tonnage, open pit target. We are also working to optimize our recovery process to prepare our test plant for bulk sampling.”
“We have taken advantage of our COVID-19 recess to refine and refocus our exploration of the more than 26 veins we have identified in this historic camp,” said Dr. Peter Megaw, Director of Minaurum Gold. “As we resume drilling, we will be testing a mixture of new veins and follow-up drilling of the mineralized shoots emerging in veins we’ve already begun exploring.”
SSR Mining Inc. announced today that it has amended its existing undrawn revolving credit facility on favorable terms, increasing the Facility size from US$75 million to US$200 million.
Luis Castro, Vice President of Exploration, commented, “These results support our view that the Terronera property continues to have significant potential to discover new mineralized zones and grow the mineral resources in multiple veins proximal to the already defined reserves and resources in the main Terronera vein.”
Santacruz Silver Mining Ltd. announces that it intends to issue an aggregate of 10,342,604 common shares of the Company at a price of $0.432 per share in settlement of outstanding debts totalling C$4,468,005.
Candelaria Mining Corp. announces that the Company and Empire Metals Ltd. have mutually agreed to terminate their agreement for the Company to acquire GMC Investments Ltd., a wholly-owned subsidiary of Empire, as previously announced on October 26, 2020.
James McDonald, President and CEO, states “The 5 Señores Vein is proving to be a well mineralized structure with excellent potential to host significant gold and silver resources. Drilling has now tested 600 meters of the 1 kilometer known vein strike on surface.
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